346 East 87th Street

$4,125,000

346 East 87th Street

ASKING Price:

$4,125,000

Property Type:

Multi-Family

borough:

Manhattan

Gross square feet:

10000

NUMBER of UNITS:

20

ZONING:

Property Description:

Located at 346 East 87th Street in Manhattan, this 25-foot-wide walk-up multifamily building spans approximately 10,000 gross square feet and comprises 21 units — 20 fully rent-stabilized residential units plus one basement office unit. The property offers significant upside potential through preferential rents that will reset to market upon unit turnover, and has been held by the same family for nearly 60 years. Ideally positioned on the Upper East Side, the building sits conveniently between the 4, 5 & 6 subway lines at 86th Street/Lexington Avenue and the Q train at 86th Street/2nd Avenue.

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