Calling all investors. A unique opportunity to acquire a fully occupied cash flowing multifamily building in a prime upper east side location. On the market for the first time in over 50 years, this is a rare opportunity to own a 24ft wide Multifamily Townhouse that expands over 8,450 SF on a tree lined block between Park Ave and Lexington Ave in the heart of coveted Lenox Hill. Built in 1920, this five floor Multi-family Townhouse is currently configured as an eight unit income producing rental building. It boasts an impressive lobby with high ceilings as well as a 33ft rear patio. The ground floor office space is vacant, can be converted to residential, and has access to the rear patio. The first and second rear floors are currently configured as an expansive two bedroom duplex apartment with two living spaces, both with ceiling heights in excess of 21 feet, giving the apartment a light and airy feel. The third and fourth floors are currently configured as four, 1-bedroom apartments, each with separate bathrooms and kitchens, as well as ample built-in closet space. The third floor rear apartment has a large private terrace accessed from the living room. With easy access to Central Park, The Metropolitan Museum of Art, The Guggenheim, the MoMA, art galleries, luxury retailers on Madison Avenue, some of New York City’s finest restaurants such as Daniel, Le Bilboquet, JoJo by Jean George, Avra, Marea, and Sant Ambroeus, there has never been a better time to call the Upper East Side home. This is a wonderful opportunity for a savvy investor looking to build their portfolio. Can also be purchased as a combination portfolio with 122 and 124 East 61st Street. Currently tenant occupied - 72 hours notice required for all showings. Full income and expense statements are available upon request. Photos have been virtually staged. Buyers should do their own due diligence. Sold as is with tenants in place
This property is off market, which means it's not currently listed for sale or rent on Zillow. This may be different from what's available on other websites or public sources.
