331 E 52nd St

Property Description

Lee & Associates NYC is pleased to present exclusively for sale the multifamily building located at 331 East 52nd Street, New York, NY 10022 (the “Property”). Located in the heart of Midtown East, the Property features 9 rent-stabilized units, with approximately half of them recently renovated to set first legal rents. The renovations in these units feature top-of-the-line finishes, creating a high watermark for current rents. The Property is less than a 5-minute walk to the Lexington Avenue/53rd Street subway station, providing easy access to the E and M lines. Additionally, it is less than a mile from Grand Central Station, allowing for ease of access to all of Manhattan and beyond. 331 East 52nd Street offers both an excellent residential experience for tenants and a compelling opportunity for investors seeking a desirable location with updated, high-quality units.