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$25,000,000
107 Days Online

328 E E 89th Street
New York, NY 10128

For Sale|Multi-Family|Pending
County:
Manhattan

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328 E E 89th Street328 E E 89th Street328 E E 89th Street328 E E 89th Street
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Compass has been retained on an exclusive basis to facilitate the sale of 324-328 and 327 East 89th Street on the Upper East Side. These four magnificent, 25' wide brownstones total 40 units spread over ~35k SF above-grade with six rent-stabilized and two rent-controlled units. Two of the buildings have only one regulated unit between them with 327 E. 89th having one RS unit and seven vacancies, and 328 E. 89th being fully free-market. They have been well-maintained and owned by the same family for three generations. The high percentage of free-market units offers investors numerous opportunities: A. Keep the in-place income and lease up the remaining units (current ownership has intentionally left vacancies in preparation for a sale) for a solid rate of return in already renovated buildings; B. Combine each floor into floor-through luxury units that would rent or sell at a premium upon converting to condominiums or single-families; C. Install an elevator in between the contiguous buildings and create a 50' or 75' masterpiece in a highly-desired part of Manhattan where condominium and single-family sales range upwards of $2, 500 / SF for 25' wide brownstones. This is a truly remarkable opportunity to own a part of old NYC that is only a few blocks from the new second avenue subway line. Please reach out to request the DHCRs, a Pro Forma, or for any other questions. Ownership would prefer to sell as a portfolio but will consider all offers.

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Listing Snapshot
Price 
$25,000,000
Days Online 
107 Days
Bedrooms 
20
Inside Area (SqFt) 
34,760 sqft
Total Baths 
24
Full Baths 
24
Partial Baths 
N/A
Lot Size 
N/A
Year Built 
1920
MLS Number 
H6138425
Status 
Pending
Property Tax 
$154,608
HOA/Condo/Coop Fees 
N/A
Sq Ft Source 
N/A
Friends & Family
Recent Activity
a week agoListing updated with changes from the MLS
a week agoStatus changed to Pending
4 months agoListing first seen online
General Features
Style 
Mid Rise
Parking 
Other
Sewer 
Other
Basement 
See Remarks
Water 
See Remarks
Property Sub Type 
Multi Family
Attached Garage 
No
Interior Features
Cooling 
None
Heating 
OtherSee Remarks
Flooring 
Hardwood
Interior 
Cathedral Ceiling(s)
Fireplace 
No
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Exterior Features
Spa 
No
Waterfront Property 
No
Exterior 
Walk Up
Schools
School District
City of New York
Elementary School
Call Listing Agent
Middle School
Call Listing Agent
High School
Unknown
Listing courtesy of Compass

IDX information is provided exclusively for consumers' personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data provided is deemed reliable but is not guaranteed accurate by the MLS. Source: OneKey MLS
Last Updated: 2021-12-02 05:30 PM EST

Neighborhood & Commute
Source: Walkscore
Community information and market data Powered by ATTOM Data Solutions. Copyright ©2019 ATTOM Data Solutions. Information is deemed reliable but not guaranteed.
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