316-318 EAST 77TH STREET

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316 E 77th St, New York, NY 10075

Property Description

316-318 East 77th Street are two adjacent 5-story multifamily walk-ups consisting of 15 free market apartments. In the event a Contract for Sale is entered into on the premises by the owner and a third party and/or property is to be demolished, the lease(s) shall terminate early at the option of the owner and tenant(s) agree to vacate within 90 days-notice from the owner. This package presents a unique conversion / value-add opportunity that includes DOB approved plans* for an alternation type one to convert them to a twelve (12) and fifteen (15) unit building. The plan allows both buildings to be combined with an elevator in the middle using vertical and horizontal extensions. Buildings would include an additional floor. The property is a short walk from the Q-line subway stations on 72nd and 86th Street as well as the 6-line subway station on 77th Street. Current units have unique layouts and are all in good up- scale condition.

Key Property Information

Listing Status
Listing Type
Highest & best offer
Multifamily Type
Garden Style
No. of Units
Year Built
Building Size
7,095 Sq Ft
Lot Size
2,554 Sq Ft
No. of Stories
Opportunity Zone

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