431 East 87th St - Upper East Side, New York
Looking for a lucrative investment opportunity on the Upper East Side? Look no further. This 11 unit rental building located in a prime location on a residential block is the ideal long term investment. 7 of the 11 rent stabilized units will be delivered vacant at closing. The rental units are comprised of 10 studios with functional layouts and one 3 bedroom 2 bath duplex with backyard which like 6 of the 10 studios is currently exempt from rent stabilization due to owner occupancy. The three story plus English basement building is 28.5 ft x 59 ft and sits on a 28.5 ft x 100.67 ft lot allowing for FAR left to built up and enjoy panoramic city views subject to DOB approval. Keep it as a rental investment or convert into condominiums. Current rent roll/expenses will be provided upon request prior to showings.
This listing courtesy of Douglas Elliman