New Listing - 04/17/2025
Listing courtesy of Compass
49 East 74th Street, New York, (Upper East Side), NY, 10021
20 rooms
1 beds
1 Full baths
1910
49 East 74 Street is a gut renovated 9-unit, five-story Elevator townhouse between Madison Avenue and Park Avenue with 8 one-bedroom apartments and a ground floor through unit with garden patio. All apartments are 100% free market and are fully tenanted with a 1% vacancy rate. Building is approximately 7,800 sq ft. built 20’ x 86’ on a 102-foot lot. 49 East 74 Street was gut renovated in 2006 and features an Elevator, communal furnished roof deck, deep high-ceilinged cellar with individual tenant storage closets, and a large laundry room with 3 washers and dryers. All apartments have individual thermostats for heat and air conditioning with compressors on the roof. The building’s gas lines were replaced throughout from the street in 2021 with the addition of new mechanicals for heating and hot water. All apartment kitchens are electric for cooking and have been meticulously renovated after each tenant turnover. This property features a unique opportunity for investors seeking a turn-key, fully leased property in a AAA location or convert to Single Family, as all leases are short-term. With its amenities and attractive rent basis, ownership has enjoyed extremely quick turnover when an apartment becomes available. 49 East 74 Street offers potential investors an opportunity to capitalize on future rent upside in a beautifully renovated property in the middle of sought-after Lenox Hill. Please contact the agent for listing set up.
Status:
Active
Town:
New York
Type:
Commercial
Laundry Remarks:
CommonArea
Zoning:
R8B
Building Type:
Townhouse
Cooling:
Unknown Type
Levels:
5
Amenities:
Bike Room; Garden; Laundry Room; Roof Deck; Common Storage;
Building Access:
Elevator
Service Level:
Voice Intercom
Built Size:
20'x86'
OLR #:
COMP1826153686233549
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