$19,500,000
NO LONGER AVAILABLE

AS OF ABOUT 5 WEEKS AGO

350 E 81st Street #BLDG in Yorkville

Comprised of two 3-bedroom full-floor duplexes and one 2-bedroom (plus library) unit, 350 E 81st is a three-unit contemporary elevator residential conversion. With a projected cap rate of 4.5%, the three key-locked loft style apartments are rare for its Upper East Side location and have been designed to appeal to the most discerning and wealthy and affluent tenants. The units offer double height ceilings and open, spacious floor plans allowing an abundance of natural light into the space with windows on all 4 sides of the building which is also a rarity for boutique multi-family residential properties, and commanding a premium rent roll. The façade contains floor to ceiling sliding glass doors, stainless steel accents, and a limestone exterior which gives the building a distinct, commanding presence and reducing maintenance expenses and displaying quality. A subtle service entrance provides access for repairs and ... [more]

Comprised of two 3-bedroom full-floor duplexes and one 2-bedroom (plus library) unit, 350 E 81st is a three-unit contemporary elevator residential conversion. With a projected cap rate of 4.5%, the three key-locked loft style apartments are rare for its Upper East Side location and have been designed to appeal to the most discerning and wealthy and affluent tenants. The units offer double height ceilings and open, spacious floor plans allowing an abundance of natural light into the space with windows on all 4 sides of the building which is also a rarity for boutique multi-family residential properties, and commanding a premium rent roll. The façade contains floor to ceiling sliding glass doors, stainless steel accents, and a limestone exterior which gives the building a distinct, commanding presence and reducing maintenance expenses and displaying quality. A subtle service entrance provides access for repairs and deliveries. The lobby is cohesive with the exterior and pleasing. Finished in similar limestone, stainless and glass panels, the entry offers the opportunity to provide a doorman, and will be wired for a virtual doorman. Off of the lobby, a centrally located key-lock elevator also opens onto each interior level including the underground cellar which features generous tenant storage and multi-use possibilities of a gym or common media room. The state of the art kitchens are complemented by brushed nickel hardware, premium white wood cabinets, and the latest stainless steel appliances. The modern bathroom features heated floors and steam showers accented with the brushed nickel plumbing fixtures and natural stone and tiles. The building’s locale has many diverse arrays of the top restaurants, cafes, shops, markets, and schools. This investment is also ideally located for any mode of transportation as the access to the FDR drive is conveniently located nearby that connects to major highways and quick access to downtown Manhattan, along with its close proximity to the Second Avenue Express Bus, and the future subway line. This quiet Upper East Side location offers the privacy of an unassuming urban enclave with the convenience and access that defines New York City and will appeal to locals and foreign nationals of stature alike, with easy vehicle access to the United Nations. The penthouse apartment boasts a 1,000 SF private rooftop. Durable and long- lasting, the composite wood decking complements the aluminum metal and warm LED lighting. The design allows for an attended lobby, and will be wired for a virtual doorman at your desire. There is still time to customize this space to your ideal investment yield, and is a great opportunity for owner occupancy, condo conversion, or potentially mixed-use.