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Listing Courtesy of Compass
$ 9,500,000
Est. payment | /mo
9 Beds
10 Baths
7,783 SqFt
$ 9,500,000
Est. payment | /mo
9 Beds
10 Baths
7,783 SqFt
Key Details
Property Type Multi-Family
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Square Footage 7,783 sqft
Price per Sqft $1,220
Subdivision Lenox Hill
MLS Listing ID RLS20018797
Bedrooms 9
Full Baths 10
HOA Y/N Yes
Year Built 1910
Annual Tax Amount $176,076
Property Sub-Type Multi Family
Property Description
49 East 74 Street is a gut renovated 9-unit, five-story Elevator townhouse between Madison Avenue and Park Avenue with 8 one-bedroom apartments and a ground floor through unit with garden patio. All apartments are 100% free market and are fully tenanted with a 1% vacancy rate. Building is approximately 7,800 sq ft. built 20' x 86' on a 102-foot lot.
49 East 74 Street was gut renovated in 2006 and features an Elevator, communal furnished roof deck, deep high-ceilinged cellar with individual tenant storage closets, and a large laundry room with 3 washers and dryers. All apartments have individual thermostats for heat and air conditioning with compressors on the roof.
The building's gas lines were replaced throughout from the street in 2021 with the addition of new mechanicals for heating and hot water. All apartment kitchens are electric for cooking and have been meticulously renovated after each tenant turnover.
This property features a unique opportunity for investors seeking a turn-key, fully leased property in a
AAA location or convert to Single Family, as all leases are short-term. With its amenities and attractive rent basis, ownership has enjoyed extremely quick turnover when an apartment becomes available.
49 East 74 Street offers potential investors an opportunity to capitalize on future rent upside in a beautifully renovated property in the middle of sought-after Lenox Hill. Please contact the agent for listing set up.
49 East 74 Street was gut renovated in 2006 and features an Elevator, communal furnished roof deck, deep high-ceilinged cellar with individual tenant storage closets, and a large laundry room with 3 washers and dryers. All apartments have individual thermostats for heat and air conditioning with compressors on the roof.
The building's gas lines were replaced throughout from the street in 2021 with the addition of new mechanicals for heating and hot water. All apartment kitchens are electric for cooking and have been meticulously renovated after each tenant turnover.
This property features a unique opportunity for investors seeking a turn-key, fully leased property in a
AAA location or convert to Single Family, as all leases are short-term. With its amenities and attractive rent basis, ownership has enjoyed extremely quick turnover when an apartment becomes available.
49 East 74 Street offers potential investors an opportunity to capitalize on future rent upside in a beautifully renovated property in the middle of sought-after Lenox Hill. Please contact the agent for listing set up.
Location
State NY
County New York
Interior
Furnishings Unfurnished
Fireplace No
Laundry Common On Floor, Common Area
Exterior
View Y/N No
Private Pool No
Building
Dwelling Type Multi Family,Townhouse
Story 5
New Construction No
Others
Ownership None
Monthly Total Fees $14, 673
Pets Allowed Building No, No
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