Rare Generational Opportunity – First Time Offered in Over 50 Years
Offered for the first time in more than half a century, this well-maintained six-family building is situated on a quiet park block in an unbeatable location, representing a rare opportunity to acquire a long-term, legacy asset in one of the… Read More area’s most desirable residential settings.
The property offers the potential for the top three floors to be delivered vacant, providing immediate flexibility for repositioning, rental upside, or long-term family ownership. With thoughtful execution, the building can be built into an approximate 6.5% cap, making it a compelling value-add opportunity supported by strong fundamentals.
The building is filled with natural light, has been carefully maintained by the same ownership for decades, and presents a clean, straightforward canvas for the next owner. This is an ideal asset for a buyer seeking a generational investment combining stability, upside, and an irreplaceable location.
Offering Memorandum available upon request. Read Less
Listing Courtesy of: Ian Mednick, Compass, 212-913-9058.
Listing Snapshot
Days Online
239
Last Updated
Property Type
MultiFamily
Beds
12
Full Baths
6
Square Ft.
6,196
Year Built
1920
MLS Number
RLS20067198
Additional Details
Basement
Full
Building
Built in 1920, Living area: 6196.0, Living area units: SquareFeet, 4 stories, Levels: ThreeOrMore, Entry level: 1
Information herein is deemed reliable but not guaranteed and is provided exclusively for consumers' personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. RLS Data display by The Anwar Team at Compass. If you have any questions regarding the accuracy of this data, please contact us at [email protected]. Data updated:
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