Listed price in listed location currency (USD).
$43,500,000

20200

MLS® RLS20104664

  • Key Facts
  • Description
  • Map

Key Facts

Type Multi Family
Levels Residential
Size 78000 sqft
Garage No
Taxes $600,000
Days Active 0
Lot Size 5033 SF
Approx. Age 1920
Avg. Price Per Sqft $557
MLS® Number RLS20104664

Property Address: 329-339 E 94th Street, New York City, NY, 10128

Average square foot calculated using Size range provided by listing agent.

Description

11-unit Manhattan value-add portfolio Unit Mix: 89 Free Market 17 Rent-Stabilized 5 Rent-Controlled The portfolio will be delivered approximately 95% vacant. Only 9 regulated units are currently occupied, while the remaining regulated units have been vacant for an extended period. Projected stabilized value is approximately $65 million. The property also offers the opportunity to assume an existing loan of approximately $18 million at a 5.0% interest rate. Ownership's position, based on advice from its rent regulation counsel, is that the vacant regulated units may qualify for first rent treatment based on a combination of factors, including the property's prior nonprofit/church use, where the apartments were reportedly occupied by the church rather than operated as traditional rental units, the extended vacancy period, and substantial capital improvements completed before re-occupancy. Purchasers should conduct their own legal and regulatory due diligence regarding these matters. Contact us for the complete Offering Memorandum, data room access, financials, rent roll, and supporting due diligence materials.
MLS® NumberRLS20104664
Laundry LevelSee Remarks
Central VacNo
FireplaceNo
Acreage
Exterior
GarageNo
Approx. Age1920
Basement
Driveway
Garage Spaces
Heat
A/C

Extras

Price History

-End Date
Not Sold YetSold Price

For Sale

Jul 20, 2026List Date
$43,500,000List Price
  • Commute

Commute

Starting Address
Destination Address
329-339 E 94th Street, New York City, NY

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