Upper East Side Value-Add Potential | 20 Apartment
- Scalable Residential Mix: A substantial 20-unit building providing the density required for efficient management and diversified income.
- 95% Free-Market Status: Nearly entirely exempt from rent regulation, offering ownership absolute control over lease terms, renovations, and market-rate adjustments.
- Significant Rental Upside: Current rents are trending approximately 15–20% below market rates, providing a clear and immediate path to increased NOI through mark-to-market renewals or cosmetic upgrades.
- Lifestyle & Connectivity Hub: Surrounded by Michelin-starred dining, elite boutiques, and lush parks, with seamless proximity to major transit lines for effortless citywide access.
Key Property Information
| Listing Status: | Available |
|---|---|
| Property Types: | Apartment Buildings |
| Price: | $8,000,000 |
| No. of Units: | 20 |
| Cap Rate: | 6.6% |
| Year Built: | 1910 |
| Building Size: | 8,120 Sq ft |
| Lot Size: | 0.06 Acres |
| No. of Stories: | -12 |
| Opportunity Zone: | No |
| Price per unit: | $400,000 |
Additional contacts
| Full name | Phone number | Email address |
|---|---|---|
| Lev Mavashev | (212) 658-0979 | [email protected] |
| Daniel Aminov | (212) 658-0959 | [email protected] |
Investment Analyzer
Sponsored by:
Step 1Financing Calculation
Step 2Gross Rent Analysis
Please enter annual amounts.
Step 3Cap Rate Calculation
Step 4Final Deal Analysis
Similar Properties in the Area
PHILADELPHIA, PA
PHILADELPHIA, Pennsylvania
Brokers
View All-
Remax Real Estate Professionals
Re/Max Real Estate Professionals
-
Jared Ennis
Central CA Commercial | California
-
Rick Recckio
Recckio Real Estate & Development
-
Greg Corbin
Northgate Real Estate Group
Lenders
View AllManagement
View All-
Essex Property Trust, Inc.
California
-
Josh A
California
-
Bob Tuteur
-
Andrew Schildcrout