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331 E 89th Street, New York, NY 10128

331 E 89TH Street, NEW YORK, New York, 10128, NEW YORK, NY 10128

  • For Sale $7,900,000
  • City NEW YORK
  • Neighborhood Yorkville
  • Zip Code 10128
  • Market Manhattan
  • Property Type Unassigned
  • Lot Size 0.06 Acre
  • Building Class C4
  • Year Built 1920
  • Date Updated 21 Apr, 2021
Cushman & Wakefield has been retained on an exclusive basis to assist in the sale of 331 East 89th Street, an 11 unit multi-family building located on the north side of East 89th Street between First and Second Avenue. The property is five stories and approximately 8,800 square feet including a lower level unit that has access to the rear yard. Of the 11 units, 8 are Free Market, 2 are Rent Stabilized, and 1 is Rent Controlled.

The Free Market units have all been renovated over the last 2 years with condo-type finishes. The property also went through a full plumbing and electrical upgrade, re-pointing in the rear and roof of the building, and installation of a new boiler and laundry room.

The property is in close proximity to the 4, 5, and 6 train at 86th Street and Lexington Avenue and the Second Avenue Q subway stop at Second Avenue and 86th Street.

331 East 89th Street presents an excellent opportunity for investors to acquire a well located, low maintenance, multifamily building with significant in-place cash flow and remaining upside.
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Contacts

Brett Weisblum

Cushman & Wakefield

(212) 660-7784

Mike Nemirovsky

Cushman & Wakefield

(212) 660-7763

FREQUENTLY ASKED QUESTIONS

When was this property built?

331 E 89th Street, New York, NY 10128 was built in 1920.

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