62 131St St New York, NY 10037

This exceptional East Harlem investment opportunity presents a fully renovated, six-story elevator building at 62 East 131st Street, New York, NY 10037. Built in 1926 and extensively renovated in 2013, this 6,013 square foot brownstone boasts five spacious, vacant, free-market apartments, each approximately 900 square feet. Currently configured as one-bedroom units, these apartments offer the potential for conversion to two-bedroom units, significantly increasing future value. Each unit enjoys individual elevator access via a newly installed elevator system. The property is ideally suited for owner-occupancy, with the potential to generate rental income from the remaining units. Alternative uses include a single-family conversion or individual sale as condos or co-ops. The building benefits from a protected tax class 2A, resulting in low taxes. A full Certificate of Occupancy is anticipated by year-end. The lot size is 1,749 square feet, and the asking price is $2,900,000, or $580,000 per unit. The property is zoned R7B. This is a rare opportunity to acquire a meticulously renovated multifamily building in a prime Manhattan location.