340 E 81st St
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340 E 81st St
16 Unit Block of Flats £6,715,085 (£419,693/Unit) New York, NY 10028
Investment Highlights
- 81% Free Market
- Prime Upper East Side Location
- Meticulously Gut Renovated
- Strong In-Place Cash Flow
Executive Summary
Avison Young, as exclusive agent, is pleased to offer for sale 340 East 81st Street (the “Property”), a five-story walk-up building featuring 25 feet of frontage on the south side of East 81st Street between 2nd Avenue and 1st Avenue in the heart of Manhattan’s Upper East Side. The Property spans 8,350± square feet across sixteen (16) residential units. Of the residential units, thirteen(13) are free market and three(3) are rent stabilized.
Ownership has implemented an immaculate renovation plan across all the free market units and common areas featuring plank hardwood flooring, exposed brick, brand new kitchens with custom cabinetry, recessed lighting,Carrara marble countertops, stainless steel appliances, luxury bathrooms with intricate mosaic tilework, splitsystem HVAC units, and in-unit Bosch Washers and Dryers. Additionally, the property features two sprawling duplexes, one featuring a five-bedroom, four-bathroom layout and another featuring a three bedroom, threebathroom layout both boasting expansive private roof decks. Furthermore, one of the one-bedroom, onebathroom units on the ground floor features a massive private backyard.
Ownership has implemented an immaculate renovation plan across all the free market units and common areas featuring plank hardwood flooring, exposed brick, brand new kitchens with custom cabinetry, recessed lighting,Carrara marble countertops, stainless steel appliances, luxury bathrooms with intricate mosaic tilework, splitsystem HVAC units, and in-unit Bosch Washers and Dryers. Additionally, the property features two sprawling duplexes, one featuring a five-bedroom, four-bathroom layout and another featuring a three bedroom, threebathroom layout both boasting expansive private roof decks. Furthermore, one of the one-bedroom, onebathroom units on the ground floor features a massive private backyard.
Property Facts
| Price | £6,715,085 | Apartment Style | Mid Rise |
| Price Per Unit | £419,693 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.06 AC |
| No. Units | 16 | Building Size | 8,350 SF |
| Property Type | Residential | Number of Floors | 4 |
| Property Subtype | Apartment | Year Built/Renovated | 1910/1987 |
| Price | £6,715,085 |
| Price Per Unit | £419,693 |
| Sale Type | Investment |
| No. Units | 16 |
| Property Type | Residential |
| Property Subtype | Apartment |
| Apartment Style | Mid Rise |
| Building Class | C |
| Lot Size | 0.06 AC |
| Building Size | 8,350 SF |
| Number of Floors | 4 |
| Year Built/Renovated | 1910/1987 |
Unit Mix Information
| Description | No. Units | Avg. Rent.Mo | SF |
|---|---|---|---|
| Studios | 6 | - | - |
| 1+1 | 6 | - | - |
| 3+3 | 2 | - | - |
| 5+4 | 2 | - | - |
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Walk Score ®
Walker's Paradise (99)
Transit Score ®
Rider's Paradise (100)
Bike Score ®
Very Bikeable (85)
PROPERTY TAXES
| Parcel Number | 1543-0037 | Improvements Assessment | £612,461 |
| Land Assessment | £184,626 | Total Assessment | £797,087 |
PROPERTY TAXES
Parcel Number
1543-0037
Land Assessment
£184,626
Improvements Assessment
£612,461
Total Assessment
£797,087
zoning
| Zoning Code | R8B (High density residential district) |
| R8B (High density residential district) |
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Brandon Polakoff -
Eric Karmitz -
Ryan McGuirl -
Kyle Sabath -
Avison Young
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340 E 81st St
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