49 E 74Th St New York, NY 10021
Property Features for 49 E 74Th St
General Information
- Property type
- Multi Family
- Standard status
- Active
- Lot size
- 0.05 Acres
Building Details
- Year built
- 1910
Source:
Elliman
Listing Agent: Timothy E Desmond
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
Renovated Lenox Hill Multifamily Property
Located between Madison Avenue and Park Avenue, 49 East 74 Street is a five-story, 9-unit elevator townhouse featuring eight one-bedroom apartments and a ground floor through unit with a garden patio. The building, approximately 7,800 square feet built on a 20-foot by 86-foot footprint on a 102-foot lot, was gut renovated in 2006. It includes an elevator and a communal furnished roof deck. The deep, high-ceilinged cellar provides individual tenant storage closets, and a large laundry room is equipped with three washers and dryers. Each apartment has individual thermostats for heat and air conditioning, with compressors located on the roof. Gas lines were replaced throughout from the street in 2021, along with the installation of new mechanicals for heating and hot water. All apartment kitchens are electric for cooking and have been renovated after each tenant turnover. The property is 100% free market and fully tenanted with a 1% vacancy rate. This property offers investors a turn-key, fully leased property in Lenox Hill. All leases are short-term, offering the potential to convert to a single-family residence. The property offers potential investors the opportunity to capitalize on future rent upside in a renovated property in Lenox Hill.
Location Intelligence
Current Use by Public Records
Munnu - The Gem Palace
(Bike/Boat/Book/etc) Store
James Lenox house
Apartment Building
Nancy Wiener Gallery
Art Gallery
Pro360
Photography Service
Location Insight
- Map
- Local Demand
- City
- New York
- County
- New York
- State
- New York
- Longitude
- -73.9634751
- Latitude
- 40.7727993
Nearby Similar for Sale
FAQs
What type of property is this?
Apartment building - Turn-key, fully leased 9-unit building in prime location.
Where is this apartment building located?
The property is located at 49 E 74Th St New York, NY.
What is the asking price?
The asking price for this property is $9,500,000.
What are key features of this property?
This property features: - Prime AAA Lenox Hill location between Madison and Park Avenues.; - Completely free market, fully tenanted building with only 1% vacancy.; - Gut renovated in 2006 with recent upgrades including new gas lines and mechanicals (2021).
