48 E End Avenue, New York, NY 10028

Upper East Side, New York, New York 10028

$10,395,000  

Listing ID Number

25496

Property Description

The subject property is a package of 21 residential condominium units (20FM & 1RS) that sit on top of 4 retail condominiums, also being offered for sale exclusively by C&W. The property is steps from Carl Schurz Park, The Brearley School, The Chapin School, the East River, and Gracie Mansion.

East End Avenue has long been an enclave of high end condominiums and
rentals, and in the past 5 years has benefited from 2 new developments: Corigin’s, Robert A.M. Stern designed, 41‐unit, 18‐story 20 East End Avenue with asking prices starting at $4.5 million and The Lightstone Group’s, 40 unit rental, 40 East End Avenue slated for completion this year (2018). The area further benefits from the Second Avenue subway which has made this location more commutable.

The property is ideal for an investor looking to break into the Manhattan investment market, an institutional user or a residential user looking for a live plus income situation.

Overview

Building Type:Mixed-Use Investment Buildings
Location:Located on East End Avenue between 83rd & 84th Streets.
Lot Dimensions:51' x 98'
Residential Units:21
Assessment Value:$628,485
Building Dimensions:51' x 64'

Documents

Contact

For further information or inspection, please contact Exclusive Agents:

Thomas D. Gammino Jr.
Executive Managing Director
(212) 660 7727
tom.gammino@cushwake.com

Hunter L. Moss
Director
(212) 589 5136
hunter.moss@cushwake.com

Brett Weisblum
Director
(212) 660 7784
brett.weisblum@cushwake.com


Property Images

Click the image for a high resolution version.

<     /     >

Property Map


Aerial View


The information contained herein has either been given to us by the owner of the property or obtained from sources that we deem reliable. We have no reason to doubt its accuracy but we do not guarantee it. All zoning, buildable footages and uses must be independently verified. Vacancy factors used herein are an arbitrary percentage used only as an example. It does not necessarily relate to actual vacancy, if any. The value of this investment is dependent upon these estimates and assumptions made above, as well as the investment income, the tax bracket, and other factors which your tax advisor and/or legal counsel should evaluate. THE PROSPECTIVE BUYER SHOULD CAREFULLY VERIFY EACH ITEM OF INCOME, AND ALL OTHER INFORMATION HEREIN.