Located in the heart of Manhattan’s Upper East Side, 407 East 77th Street offers a rare opportunity to acquire a 5-story, 15-unit multifamily rental building with exceptional free Market exposure and immediate value-add potential.
Financials and verified rent roll can be provided. Offering Memorandum available.
This well-maintained walk-up building consists of 11 Free Market units, 3 rent stabilized and 1 rent controlled. Two (2) Owner Occupied units along with three (3) furnished rentals will be delivered vacant six (6) months post-closing, creating a unique repositioning opportunity for new ownership to set market rents, renovate, or occupy.
Positioned between 1st and York Avenues, the building benefits from proximity to the Q train, major bus lines, and the vibrant retail and dining options that define the Upper East Side.
With its prime location and favorable unit mix, this asset offers flexibility for investors seeking strong cash flow, appreciation, or owner-user possibilities.
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All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
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