327 East 89th Street

Upper East Side

$7,250,000
Last Sold Price
20
Beds
10
Baths
8,890 Sq. Ft.
$816 / Sq. Ft.
8,890
Sq. Ft.
$816
per Sq. Ft.

Description

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...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. NOTE: This is for only 327 E. 89th while ownership would prefer to sell as a portfolio but will consider all offers.

Listing Agents

  1. Nathan Horne

    Nathan Horne

    Listing Agent

    Compass

  2. Geoffrey Pantone

    Geoffrey Pantone

    Listing Agent

    Compass

    gpantone@compass.com

    P: 347.268.2093

Amenities

  • Common Roof Deck
  • Exposed Brick
  • Decorative Mouldings
  • High Ceilings
  • Walk Up
  • Laundry in Building
  • Renovated Kitchen and Bath
  • Southern Exposure

Location

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LISTING UPDATED: 01/18/2022 07:15 PM

Property Details for 327 East 89th Street

StatusSold
Days on Market97
Taxes$3,252 / month
Maintenance-
Min. Down Pymt-
Total Rooms33.0
Compass TypeTownhouse
MLS TypeMulti Family
Year Built1920
Lot Size2,517 SF / 25' x 101'
CountyNew York County

Building

327 E 89th St

10 Units5 StoriesBuilt in 1920

Location

Add your commute

Building Information for 327 East 89th Street

Stories5Residences10Year Built1920Building Size25' x 68'Building Sq. Ft8,500 SFLot Size2,517 SF / 25' x 101'Building AgePre-warBuilding TypeBrownstone

Payment Calculator

$42,818 per month

30 year fixed, 7.25% Interest

Principal and Interest

$39,566

Property Taxes

$3,252

Maintenance/Common Charges

$0

The Payment Calculator is for illustrative purposes only.

Property History for 327 East 89th Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 327 East 89th Street

Taxable ValueLand$526,500Additions$1,482,750Total$2,009,250
Home Facts
Total Finished SqFt8,090 SqFtLot Size2,516 SqFtYear Built1920ZoningR8BAPN1015520018

Schools near 327 East 89th Street

This home is within New York City Geographic District # 2.
Rating
School
Type
Grades
Distance
Public - PK to 5
Public - K to 5
Public - 6 to 8
Public - 6 to 8
Rating
School
Distance
Yorkville Community School
PublicPK to 5

P.S. 527 East Side School-Social Actio
PublicK to 5

Jhs 167 Robert F Wagner
Public6 to 8

Nyc Lab Ms For Collaborative Studies
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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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.