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    61 E 75th St New York, NY 10021

    Sponsored
    For Sale
    $6,000,000

    Prime location, 9 units, high returns.

    Property size:
    5,660 SF

    Description

    Added:
    Jan 14, 2025
    Days on Market:
    357
    This exceptional 9-unit apartment building at 61 E 75th St, New York, NY 10021, boasts a coveted Upper East Side location between Madison and Park Avenues, a short stroll from Central Park. The property, encompassing 5,660 square feet on a 0.04-acre lot, has undergone extensive renovations. All units feature hardwood floors, granite countertops, stainless steel appliances (including microwaves and dishwashers), ample storage, and updated electrical systems. Five units offer private balconies. Bathrooms include radiant heated floors, and each unit benefits from independent HVAC control with ductless heating and cooling. Significant capital improvements include a new roof, structural framing, refreshed hallways, and rebuilt stairways. Currently operating under a protected Tax Class 2B, offering rent increase limitations (8% annually, capped at 30% over five years), this building presents a compelling investment opportunity. Seven of the nine apartments are free-market units, commanding an average rent of $4,300, promising strong cash flow. This property represents a rare chance to acquire a high-quality, income-generating asset in a prime Manhattan location.

    Property Features for 61 E 75th St

    General Information

    Property type
    Other investment properties
    Square Feet
    5,660 SF
    Price / Square Foot
    $1,060
    Class
    C
    Elevators
    N/A
    Lot Size
    1,742 SF

    Building Details

    Year Built
    1882
    Units
    9

    HighLights

    • Prime Upper East Side location near Central Park & luxury shopping.
    • Nine units, seven free‑market apartments averaging $4,300 monthly rent.
    • Recently renovated with new roof, structural framing, and updated systems throughout.
    Location Intelligence

    Current Use by Public Records

    h(OM)e School Private ... Yoga Instructor Katie Nova Makeup Make-Up Artist

    Suggested Use

    Restaurant Law Firm Realty agency Spa & Massage Hair Salon Dental Office Nail Salon Clothing Store Food Market Grocery Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    New York
    State
    New York
    Longitude
    -73.962671
    Latitude
    40.773419

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    FAQs

    What type of property is this?
    Investment property - Prime location, 9 units, high returns.
    Where is this investment property located?
    The property is located at 61 E 75th St New York, NY.
    What is the asking price?
    The asking price for this property is $6,000,000.
    What are key features of this property?
    This property features: Prime Upper East Side location near Central Park & luxury shopping.; Nine units, seven free-market apartments averaging $4,300 monthly rent.; Recently renovated with new roof, structural framing, and updated systems throughout.
    (646) 840-8201
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    61 E 75th St New York, NY 10021
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    61 E 75th St New York, NY 10021
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