Listing Information
212.729.4346 | jodymartini.elliman.com
Jody Martini

431 East 87th St - Upper East Side, New York

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

Property Details

431 East 87th St - Upper East Side, New York

Price: $6,000,000

Neighborhood: Upper East Side

Multi-Family

Listing ID: 1619139

 

 

Building Details

Prewar

Your Agent(s)

Jody Martini

Jody Martini

O: 212.729.4346

M: 212.729.4346

F: 917.265.4726

jody.martini@elliman.com

431 East 87th St - Upper East Side, New York

Floor plan of 431 East 87th St - Upper East Side, New York

Your Agent(s)

Jody Martini

Jody Martini

O: 212.729.4346

M: 212.729.4346

F: 917.265.4726

jody.martini@elliman.com

431 East 87th St - Upper East Side, New York

Floor plan of 431 East 87th St - Upper East Side, New York

Your Agent(s)

Jody Martini

Jody Martini

O: 212.729.4346

M: 212.729.4346

F: 917.265.4726

jody.martini@elliman.com

431 East 87th St - Upper East Side, New York

Floor plan of 431 East 87th St - Upper East Side, New York

Your Agent(s)

Jody Martini

Jody Martini

O: 212.729.4346

M: 212.729.4346

F: 917.265.4726

jody.martini@elliman.com

431 East 87th St - Upper East Side, New York

Floor plan of 431 East 87th St - Upper East Side, New York

Your Agent(s)

Jody Martini

Jody Martini

O: 212.729.4346

M: 212.729.4346

F: 917.265.4726

jody.martini@elliman.com

All data is deemed reliable but is not guaranteed accurate by the RLS or Douglas Elliman. See Terms of Service for additional restrictions.

 

© 2017. Douglas Elliman Real Estate. All material presented herein is intended for information purposes only. While, this information is believed to be correct, it is represented subject to errors, omissions, changes or withdrawal without notice. All property information, including, but not limited to square footage, room count, number of bedrooms and the school district in property listings are deemed reliable, but should be verified by your own attorney, architect or zoning expert. The number of bedrooms listed above is not a legal conclusion. Each person should consult with his/her own attorney, architect or zoning expert to make a determination as to the number of rooms in the unit that may be legally used as a bedroom.

 

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