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306 East 81st Street

Between Second Avenue and First Avenue
Townhouse
$5,749,000
Annual Taxes: $21,040
What will this home cost?
Subway Lines
Subway number Q Subway number 6 Subway number 4 Subway number 5
Nearby Subway Stations
Subway number Q 2nd Ave - 83rd & 84th St
Subway number 6 Lexington Ave - 77th St
Subway number 4 Lexington Ave - 86th St
Subway number 5 Lexington Ave - 86th St
Essentials
Price $5,749,000
Type Townhouse
Units 3
Floors 4
Bedrooms 5
Bathrooms 3
Rooms 5
Approx. Sq. Ft. 3,335
Key Features
Terrace


Calling all Investors and Developers!
If you are an investor or developer you can be a part of this newly revitalized neighborhood in the heart of the Upper East Side at 81st and Second Avenue a few blocks from the Q train, restaurants, and shops. The subject property is built 15 ft. wide by 45 ft. on a 102.7 ft. lot. It is currently configured as a three unit building with a thriving restaurant on the ground floor and two rental apartments. It is approximately 3,835 SF (500 SF in the basement) with additional development rights of approximately 2500 sq ft. Zoning is R8B. A large terrace of approximately 260 sq ft graces the back of the 1st-floor apartment. The current income is substantial- currently, $256,800. Tenants in the upper two units are in place until 2021. 3.8% cap rate. There are many uses for this property: a single family conversion, mixed-use, live/work with a restaurant, retail or office. The owner is able to close quickly making it a great fit for a 1031 exchange buyer.

Agents
Licensed RE Salesperson
Licensed Associate RE Broker
See my 25 other sale listings
Upper East Side
Living in the Upper East Side
Old world elegance and new world modernity are in perfect harmony in this storied neighborhood. Famed for its 'museum mile,' which includes some of the city's most cultured institutions, the Upper East Side is also home to stylish cocktail lounges, high-end restaurants and some of the city's most celebrated upscale boutiques.
Explore Upper East Side

306 East 81st Street
Between Second Avenue and First Avenue
Townhouse
Essentials
Price $5,749,000
Annual Taxes $21,040
Type Townhouse
Units 3
Floors 4
Bedrooms 5
Bathrooms 3
Rooms 5
Approx. Sq. Ft. 3,335


Calling all Investors and Developers!
If you are an investor or developer you can be a part of this newly revitalized neighborhood in the heart of the Upper East Side at 81st and Second Avenue a few blocks from the Q train, restaurants, and shops. The subject property is built 15 ft. wide by 45 ft. on a 102.7 ft. lot. It is currently configured as a three unit building with a thriving restaurant on the ground floor and two rental apartments. It is approximately 3,835 SF (500 SF in the basement) with additional development rights of approximately 2500 sq ft. Zoning is R8B. A large terrace of approximately 260 sq ft graces the back of the 1st-floor apartment. The current income is substantial- currently, $256,800. Tenants in the upper two units are in place until 2021. 3.8% cap rate. There are many uses for this property: a single family conversion, mixed-use, live/work with a restaurant, retail or office. The owner is able to close quickly making it a great fit for a 1031 exchange buyer.

Licensed RE Salesperson
Licensed Associate RE Broker
See my 25 other sale listings
Upper East Side
Living in the Upper East Side
Old world elegance and new world modernity are in perfect harmony in this storied neighborhood. Famed for its 'museum mile,' which includes some of the city's most cultured institutions, the Upper East Side is also home to stylish cocktail lounges, high-end restaurants and some of the city's most celebrated upscale boutiques.
Explore Upper East Side
Subway Lines
Subway number Q Subway number 6 Subway number 4 Subway number 5
Nearby Subway Stations
Subway number Q 2nd Ave - 83rd & 84th St
Subway number 6 Lexington Ave - 77th St
Subway number 4 Lexington Ave - 86th St
Subway number 5 Lexington Ave - 86th St