Rare Investment Opportunity, Upper East Side Development Site, 25ft building!

Ryan Serhant
Licensed Associate Real Estate Broker
Phone: 646.443.3739
Jenna Amicucci-DeChristopher
Licensed Associate Real Estate Broker
Mobile: 914.522.8226
594 Broadway, New York, NY 10012, USA
Phone: 646-924-4319
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EXCLUSIVE

Location

168 E 80th St
New York NY 10075

Property

Ownership: Development Site
Type: Multi-property Development
Pets: Pets Allowed
Area: 10196 sq ft
Lot Size: 2554 sq ft

Financials

Price: $10,990,000
Annual Taxes: $74,629

Description

Just 3 blocks from Central Park, 168 East 80th is a 4-story, 16-unit walk-up that represents a host of potential opportunities. All units are free-market, 1 bedroom apartments that will be delivered vacant. The building features a 25-foot wide façade, a spacious 20-foot by 25-foot rear garden that faces south, and an impressive 2,605 feet of additional air rights. A building of this size with this level of potential customization is a rare find west of 3rd Avenue.

The property sits on an upscale block lined with several similarly beautiful townhouses and is surrounded by a multitude of restaurants, cafes, and grocery stores. This combination of location and size allow for a number of possible uses. These include single-family townhouse conversion, a 5 unit developer opportunity with approved plans, a fully-leased cash flowing investment, a live plus income opportunity, use as a nonprofit facility, or use as a foreign government consulate.

Please contact us for set-up, brochure and any further details on this property.

 

 

 

Neighborhood

More listings: Upper East Side

All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. International currency conversions where shown are estimates based on recent exchange rates and are not official asking prices. All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer.