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61 E 75th St New York, NY 10021

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For Sale
$6,000,000

9 Unit Apartment Building in Upper East Side, New York

Property size:
5,660 SF
Lot size:
0.04 Acres
Added:
Jan 14, 2025
Days on Market:
447
Last Refresh:
Mar 16 at 9:06 am

Property Features for 61 E 75th St

General Information

Standard status
Active
Property type
Other investment properties, Residential offices, Residential income homes, Investment properties, Mixed-use properties
Size
5,660 SF
Class
C
Elevators
N/A
Lot size
0.04 Acres

Building Details

Year Built
1882
Units
9

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Listing Contact
Haley Hasho

Listing agent Haley

Listing office

Listing date Jan 14, 2025


Overview

Upper East Side Apartment Building

Located at 61 E 75th St, New York, NY 10021, this 9-unit apartment building is situated in a prime Upper East Side location between Madison and Park Avenues, a short stroll from Central Park. The property encompasses 5,660 square feet on a 0.04-acre lot and 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 Profile Insight Report Location Intelligence

Current Use by Public Records

h(OM)e School Private ... Gym & Fitness Center Katie Nova Makeup Cosmetic Store

Suggested Use

Law Firm Restaurant Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Food Market Grocery & Convenience Store Gym & Fitness Center

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

Location Insight

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

FAQs

What type of property is this?
Investment property - 9 Unit Apartment Building in Upper East Side, New York
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.
More about this property
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