315 East 51st Street

Midtown East

$3,695,000
Price
10
Beds
8
Baths
1
1/2 Bath
5,760 Sq. Ft.
$641 / Sq. Ft.
5,760
Sq. Ft.
$641
per Sq. Ft.

Description

315 East 51st Street is a 7-unit income producing investment property. The property currently consists of a total of five (5) free market rental units, with two (2) stabilized units. Several units have been recently renovated and others are meticulously well-maintained. Excellent midtown location surrounded by beautiful townhouses. The house is comprised of a ground floor duplex 3-bed/2-bath unit, along with a spacious north facing Garden. The second and third floor's both have one (1) bedrooms respectively....315 East 51st Street is a 7-unit income producing investment property. The property currently consists of a total of five (5) free market rental units, with two (2) stabilized units. Several units have been recently renovated and others are meticulously well-maintained. Excellent midtown location surrounded by beautiful townhouses. The house is comprised of a ground floor duplex 3-bed/2-bath unit, along with a spacious north facing Garden. The second and third floor's both have one (1) bedrooms respectively. The apartments feature spacious bedrooms. The top floor penthouse duplex features updated finishes, 2 bedrooms, washer/dryer in unit, soaring double height ceilings with a breathtaking skylight. All tenants have leases in place. The building will be delivered 100 % occupied with existing rents and leases, offering investors a cash flowing turnkey asset with future upside on lease renewals or convert to a grand single family residence. This property is also an ideal turn-key opportunity for those seeking to live with income in an immaculate 3 bedroom garden duplex with a large north-facing garden. Specifications: Stories: 5 Building Sq. Ft.: 5,760 Sq. Ft. Building Width: 18.75 Ft. Building Depth: 60 Ft. Lot Width: 18.75 Ft Lot Depth: 100.42 Ft. Annual Taxes: $91,409.64 Current rent roll: $246,462 Perfect 1031 investment property with add on value opportunity. Several units are below market rent from Covid which can be raised at renewal. All showings are by appointment only require advance notice for access.

Property Details for 315 East 51st Street

Zoning
R8B
View
Other

Location

Listing Courtesy of Brown Harris Stevens Residential Sales LLC
Add your commute
LISTING UPDATED: 04/29/2024 10:32 AM

Property Details for 315 East 51st Street

StatusActive
MLS IDRPLU-21922708462
Days on Market209
Taxes$7,617 / month
Maintenance-
Min. Down Pymt-
Total Rooms15.0
Compass TypeTownhouse
MLS TypeHouse/Building
Year Built1900
Lot Size1,800 SF / 100' x 18'
CountyNew York County

Building

315 E 51st St

9 Units5 StoriesBuilt in 1900

Location

Listing Courtesy of Brown Harris Stevens Residential Sales LLC
Add your commute

Building Information for 315 East 51st Street

Stories5Residences9Year Built1900Building Size18.75' x 60'Building Sq. Ft5,625 SFLot Size1,800 SF / 100' x 18'Building AgePre-warBuilding TypeTownhouse

Payment Calculator

$27,782 per month

30 year fixed, 7.25% Interest

Principal and Interest

$20,165

Property Taxes

$7,617

Maintenance/Common Charges

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 315 East 51st Street

Summary
Location and General Information
  • Subdivision Name: Turtle Bay
  • Stories Total: 5
  • Garage Spaces: 0.0
  • View: No
Taxes and HOA
  • Tax Lot: 0007
  • Tax Block: 01344
  • Flip Tax: $0
  • Building Tax Lot: 0007
  • Tax Abatement YN: false
Parking
  • Garage: No
  • Garage Spaces Assigned YN: false
Property
Lot Information
  • Building Area Total: 1125.0
  • Building Area Units: SquareFeet
  • Lot Size Dimensions: 100.00x18.00
  • Living Area Units: SquareFeet
Building Information
  • Landmark Status YN: false
  • Building Smoke Free YN: true
  • Building Laundry Features: InUnit
  • Building Pets Allowed: BuildingYes
  • Capital Reserves YN: false
  • Green Building YN: true
Property and Assessments
  • New Development: No
  • Sponsor Unit: No
  • Certificate Of Occupancy: Yes
  • Percent Of Common Elements: .00%
  • Common Interest: None
  • New Construction: No
  • Structure Type: WalkUp
Interior and Exterior Features
Exterior Features
  • Basement: Other
  • Patio And Porch Features: None
Interior Features
  • Cooling: WallUnits
  • Entry Level: 1
  • Appliances: WasherDryerAllowed
  • Fireplace: No
  • Floor Number: 1
  • Basement: No
  • Cooling: Yes
  • Laundry Features: WasherHookup, InUnit
  • ElevatorsTotal: 0
  • Size Dimensions: 60.00x18.75
Multi Family
Multi-Family Information
  • Number Of Units Total: 9
Rental
Rental Information
  • Pets Allowed: UnitNo
  • Delivered Vacant: No
  • Attendance Type: None
  • Land Lease: No

Property History for 315 East 51st Street

DateEvent & SourcePriceAppreciationLink
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 315 East 51st Street

Taxable ValueLand$508,500Additions$1,031,400Total$1,539,900
Home Facts
Total Finished SqFt5,760 SqFtLot Size1,883 SqFtYear Built1900ZoningR8BAPN1013440007

Schools near 315 East 51st Street

This home is within New York City Geographic District # 2.
Rating
School
Type
Grades
Distance
Public - PK to 5
Public - 6 to 8
Public - 6 to 8
Public - 6 to 8
Rating
School
Distance
P.S. 59 Beekman Hill International
PublicPK to 5

Nyc Lab Ms For Collaborative Studies
Public6 to 8

Lower Manhattan Community Middle School
Public6 to 8

Jhs 104 Simon Baruch
Public6 to 8

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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Similar Sold Homes

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315 East 51st Street is a townhouse for sale in Midtown East. This property was listed for sale on October 2, 2023 by Brown Harris Stevens Residential Sales LLC, it's currently listed at $3,695,000. This listing's school district is New York City Geographic District # 2. Nearby schools include P.S. 59 Beekman Hill International, Nyc Lab Ms For Collaborative Studies and Lower Manhattan Community Middle School. 315 East 51st Street is a 10-bed, 8.5-bath, 5,760 sqft townhouse built in 1900.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Brown Harris Stevens Residential Sales LLC

This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. ©2024 The Real Estate Board of New York, Inc., All rights reserved. The source of the displayed data is either the property owner or public record provided by non-governmental third parties. It is believed to be reliable but not guaranteed. This information is provided exclusively for consumers’ personal, non-commercial use. The data relating to real estate for sale on this website comes in part from the IDX Program of OneKey® MLS. Information Copyright 2024, OneKey® MLS. All data is deemed reliable but is not guaranteed accurate by Compass. See Terms of Service for additional restrictions. Compass · Tel: 212-913-9058 · New York, NY Listing information for certain New York City properties provided courtesy of the Real Estate Board of New York’s Residential Listing Service (the "RLS"). The information contained in this listing has not been verified by the RLS and should be verified by the consumer. The listing information provided here is for the consumer’s personal, non-commercial use. Retransmission, redistribution or copying of this listing information is strictly prohibited except in connection with a consumer's consideration of the purchase and/or sale of an individual property. This listing information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. ©2024 The Real Estate Board of New York, Inc., all rights reserved. This information is not guaranteed, should be independently verified and may not reflect all real estate activity in the market. Offers of compensation set forth here are for other RLSParticipants only and may not reflect other agreements between a consumer and their broker.©2024 The Real Estate Board of New York, Inc., All rights reserved.