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Trophy Multifamily Investment In Manhattan

Manhattan, NY, USA
Listed 83 days ago
Established 1959

An exclusive off-market opportunity to acquire a boutique multifamily asset in Manhattan's prestigious Upper East Side. Located within the highly sought-after Lenox Hill neighbourhood, this fully occupied investment offers investors the opportunity to own a prime residential property in one of the world's most supply-constrained and resilient real estate markets. The property is a boutique residential building positioned on First Avenue and surrounded by luxury residential developments, renowned medical institutions, premier retail destinations, and fine dining. The asset benefits from 100% occupancy and an in-place cap rate of approximately 6.0%, making it an attractive long-term investment with stable income and exceptional appreciation potential. The Upper East Side continues to experience strong rental demand driven by healthcare, finance, technology, and professional employment sectors. Immediate access to NewYork-Presbyterian Hospital, Weill Cornell Medical Center, Memorial Sloan Kettering Cancer Center, Central Park, public transportation, and Manhattan's luxury retail corridors ensures consistent tenant demand and long-term value preservation. This confidential off-market offering is ideally suited to family offices, institutional investors, private equity groups, and long-term buy-and-hold investors seeking a high-quality multifamily asset in one of New York City's premier investment locations. Additional information is available to qualified purchasers upon request.

Real Estate

Real Property Included

Planning Consent

Existing multifamily residential use.

Premises Details

Boutique multifamily residential building located in Manhattan's Upper East Side with approximately seven storeys, approximately 68,096 sq ft of building area situated on a 0.51-acre site.

Expansion Potential

Long-term value appreciation supported by strong market fundamentals, limited new development opportunities, and continued demand for quality multifamily housing in Manhattan.

Size In Square Feet

Approximately 68,096 sq ft

Competition / Market

Located within one of the most desirable residential markets in the United States, benefiting from extremely limited multifamily supply, high barriers to entry, and sustained rental demand.

Living Accommodation

Approximately 90 residential units.

Financials

Asking Price
$26M
RevenueMost Recent Year
Undisclosed
EarningsLast Reported
Undisclosed
Assets Value
Undisclosed
Seller Financing
Not available

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