244 E 78th St
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244 E 78th St
24 Unit Apartment Building $11,950,000 ($497,917/Unit) New York, NY 10075
Investment Highlights
- 71% Free Market
- Prime Upper East Side Location
- Meticulously Gut Renovated
- Proximity to 77th Street Subway Station (6 line)
Executive Summary
Avison Young, as exclusive agent, is pleased to offer for sale 244 East 78th Street (the “Property”), a five-story walk-up building featuring 37 feet of frontage on the south side of East 78th Street between 3rd Avenue and 2nd Avenue in the heart of Manhattan’s Upper East Side. The Property spans 12,671± square feet across twentyfour (24) residential units. Of the residential units, seventeen (17) are free market and seven (7) are rent stabilized.
Ownership has implemented an immaculate renovation plan across all of the free market units and common areas featuring ebony hardwood floors, recessed lighting, Carrara marble countertops, stainless steel appliances, cherry wood cabinets, crown and baseboard moldings, luxury bathrooms with intricate mosaic tile-work, split-system HVAC units, and in-unit Bosch Washers and Dryers. Additionally, the property features two four-bedroom, two-bathroom duplexes on the ground floor with large private backyards and two five bedroom, three-bathroom duplexes across the fourth and fifth floors both boasting massive patios and roof decks offering sweeping views of the Upper East Side.
Ownership has implemented an immaculate renovation plan across all of the free market units and common areas featuring ebony hardwood floors, recessed lighting, Carrara marble countertops, stainless steel appliances, cherry wood cabinets, crown and baseboard moldings, luxury bathrooms with intricate mosaic tile-work, split-system HVAC units, and in-unit Bosch Washers and Dryers. Additionally, the property features two four-bedroom, two-bathroom duplexes on the ground floor with large private backyards and two five bedroom, three-bathroom duplexes across the fourth and fifth floors both boasting massive patios and roof decks offering sweeping views of the Upper East Side.
Property Facts
| Price | $11,950,000 | Building Class | C |
| Price Per Unit | $497,917 | Lot Size | 0.09 AC |
| Sale Type | Investment | Building Size | 11,570 SF |
| No. Units | 24 | Average Occupancy | 95% |
| Property Type | Multifamily | No. Stories | 4 |
| Property Subtype | Apartment | Year Built/Renovated | 1910/2015 |
| Apartment Style | Mid Rise |
| Price | $11,950,000 |
| Price Per Unit | $497,917 |
| Sale Type | Investment |
| No. Units | 24 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid Rise |
| Building Class | C |
| Lot Size | 0.09 AC |
| Building Size | 11,570 SF |
| Average Occupancy | 95% |
| No. Stories | 4 |
| Year Built/Renovated | 1910/2015 |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 4 | - | - |
| 1+1 | 9 | - | 500 |
| 2+1 | 2 | - | 900 |
| 4+2 | 1 | - | - |
| 5+3 | 3 | - | 650 |
| 5+4 | 2 | - | 1,200 |
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Walk Score ®
Walker's Paradise (99)
Transit Score ®
Rider's Paradise (100)
Bike Score ®
Very Bikeable (85)
PROPERTY TAXES
| Parcel Number | 1432-0034 | Improvements Assessment | $1,746,200 |
| Land Assessment | $332,100 | Total Assessment | $2,078,300 |
PROPERTY TAXES
Parcel Number
1432-0034
Land Assessment
$332,100
Improvements Assessment
$1,746,200
Total Assessment
$2,078,300
zoning
| Zoning Code | R8B (High density residential district) |
| R8B (High density residential district) |
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Brandon Polakoff -
Eric Karmitz -
Ryan McGuirl -
Kyle Sabath -
Avison Young
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244 E 78th St
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