61 E 75th St

9 Unit Block of Flats £4,904,100 (£544,900/Unit) New York, NY 10021

Executive Summary

Prime Central Park Location. 61 East 75th Street is a rare gem nestled
between Madison Avenue and Park Avenue. This prime location is just a
short walk from Central Park and is surrounded by an array of eateries,
charming cafes, and luxury stores.
High End Luxury Finishes.
The asset’s free market apartments are entirely gut renovated with
hardwood floors throughout, granite countertops, ample cabinet &
closet storage, stainless steel appliances (including microwave &
dishwasher), radiant heated bathroom floors and independent tenant
controlled HVAC system. Each unit additionally has ductless heating &
cooling systems, new risers and electric.

Major Capital Improvements. The current ownership has
implemented significant building-wide upgrades, including new framing
throughout, a brand-new roof, updated hallways, and restructured
stairways.
Protected Tax Class 2B. With 9 apartments, 6 East 75th Street remains
tax class protected. Increases are limited to 8% per year, no more than
30% over 5 years.
Private Balcony Access. 5 out of the 9 apartments offer large, private
balcony access with abundant natural light.
77% Free Market. With 7 of the apartments designated as free market,
the average rent in 61 East 75th Street is $4,300, allowing the asset to cash
flow with lean expenses.

Property Facts

Price £4,904,100
Price Per Unit £544,900
Sale Type Investment
No. Units 9
Property Type Residential
Property Subtype Apartment
Apartment Style Mid Rise
Building Class C
Lot Size 0.04 AC
Building Size 5,660 SF
Average Occupancy 22%
Number of Floors 5
Year Built 1882

Unit Amenities

  • Air Conditioning
  • Heating
  • Kitchen
  • Refrigerator
  • Oven
  • Range
  • Tub/Shower

Site Amenities

  • Controlled Access
  • Tenant Controlled HVAC
  • Recycling
  • Smoke Free
  • Smoke Detector

Unit Mix Information

Description No. Units Avg. Rent.Mo SF
Studios 4 - -
1+1 4 - -
2+1 1 - -
Walk Score®
Walker's Paradise (98)
Transit Score®
Rider's Paradise (100)
Bike Score®
Very Bikeable (82)

PROPERTY TAXES

zoning

Zoning Code R10, PI
  • Listing ID: 34470456

  • Date on Market: 13/01/2025

  • Last Updated:

  • Address: 61 E 75th St, New York, NY 10021