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Multifamily

319-323 East 88th Street

319 E 88th St, New York, NY 10128

Listing Price: $17,000,000

Cap Rate
4.00%
Number of Units
60
Price/Unit
$283,333
Price/Gross SF
$565.76
Gross SF
30,048

Investment Overview

Marcus & Millichap is pleased to offer the following three properties for sale in the rapidly developing Upper East Side neighborhood. 319-323 East 88th Street is located on the north side of 88th Street between 1st and 2nd Avenues and contains a gross square footage of 30,048. 319-323 East 88th Street is built 75 x 77 ft and sits on a 75 x 100.71 ft lot (Block: 1551 Lot: 12) All three properties are zoned R8B. 

Investment Highlights

  • Value Add: With roughly 66% of the units being free market, there is an immediate opportunity to reposition existing units to achieve higher rents.
  • Economies of Scale: This is a rare opportunity that allow any purchaser to gain an immediate Upper East Side presence.
  • Unit Mix: This property consists of 60 Residential Units, all of which are one-bedroom apartments.

Exclusively Listed By

  • Joe Koicim

    Licensed Associate Real Estate Broker

    (212) 430-5147

    Email Joe

    License(s): NY: 10311201039, NY: 10301208718

    Manhattan

  • Logan Markley

    Licensed Real Estate Salesperson

    (212) 430-5194

    Email Logan

    License(s): NY: 10401268674

    Manhattan

  • Peter Von Der Ahe

    Licensed Associate Real Estate Broker

    (212) 430-5114

    Email Peter

    License(s): NY: 10301209838, NY: 31VO0942643

    Manhattan

Financing By

Multifamily

319-323 East 88th Street

Listing Price: $17,000,000

Cap Rate
4.00%
Number of Units
60
Price/Unit
$283,333
Price/Gross SF
$565.76
Gross SF
30,048

Investment Highlights

  • Value Add: With roughly 66% of the units being free market, there is an immediate opportunity to reposition existing units to achieve higher rents.
  • Economies of Scale: This is a rare opportunity that allow any purchaser to gain an immediate Upper East Side presence.
  • Unit Mix: This property consists of 60 Residential Units, all of which are one-bedroom apartments.

Investment Overview

Marcus & Millichap is pleased to offer the following three properties for sale in the rapidly developing Upper East Side neighborhood. 319-323 East 88th Street is located on the north side of 88th Street between 1st and 2nd Avenues and contains a gross square footage of 30,048. 319-323 East 88th Street is built 75 x 77 ft and sits on a 75 x 100.71 ft lot (Block: 1551 Lot: 12) All three properties are zoned R8B. 

Exclusively Listed By

  • Joe Koicim

    Licensed Associate Real Estate Broker

    (212) 430-5147

    Email Joe

    License(s): NY: 10311201039, NY: 10301208718

    Manhattan

  • Logan Markley

    Licensed Real Estate Salesperson

    (212) 430-5194

    Email Logan

    License(s): NY: 10401268674

    Manhattan

  • Peter Von Der Ahe

    Licensed Associate Real Estate Broker

    (212) 430-5114

    Email Peter

    License(s): NY: 10301209838, NY: 31VO0942643

    Manhattan

Financing By

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