61 E 75th St New York, NY 10021

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.