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.
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 | - | - |
1 of 1
Walk Score®
Walker's Paradise (98)
Transit Score®
Rider's Paradise (100)
Bike Score®
Very Bikeable (82)
PROPERTY TAXES
Parcel Number | 1390-0133 | Improvements Assessment | £592,045 |
Land Assessment | £319,625 | Total Assessment | £783,803 |
zoning
Zoning Code | R10, PI |