520 East 88th Street

Upper East Side

$6,995,000
Price
17
Beds
17
Baths
10,785 Sq. Ft.
$649 / Sq. Ft.
10,785
Sq. Ft.
$649
per Sq. Ft.

Description

Compass has been retained on an exclusive basis to facilitate the sale of 520 E. 88th Street in the Upper East Side, a beautiful building only steps from Gracie Mansion, Carl Shulz Park, and the East River. 520 E. 88th features over 10,000 usable square feet and is composed of 17 units, 16 of which are free-market. This well-maintained building has undergone regular renovations whenever there was a vacant unit and has over $400k of existing income with one vacant unit. The rents are under-market...Compass has been retained on an exclusive basis to facilitate the sale of 520 E. 88th Street in the Upper East Side, a beautiful building only steps from Gracie Mansion, Carl Shulz Park, and the East River. 520 E. 88th features over 10,000 usable square feet and is composed of 17 units, 16 of which are free-market. This well-maintained building has undergone regular renovations whenever there was a vacant unit and has over $400k of existing income with one vacant unit. The rents are under-market since Covid and will go up 5-10% without any work. With minimal work such as duplexing the first floor or permitting the roof, a more substantial increase would be possible. Additionally, an investor could undergo more major renovation and convert these units into condos for a quick return in one of NYC’s most esteemed areas.

Feel free to reach out for additional information including a pro forma, DHCRs, or to arrange access.

Listing Agents

  1. Nathan Horne

    Nathan Horne

    Listing Agent

    Compass

  2. Ehab Elshinawy

    Ehab Elshinawy

    Alternative Listing Agent

    Compass

Amenities

  • Walk Up
  • Voice Intercom
  • Midrise

Location

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LISTING UPDATED: 09/21/2022 07:09 PM

Property Details for 520 East 88th Street

StatusTemporarily Off Market
Days on Market126
Taxes$10,126 / month
Maintenance-
Min. Down Pymt-
Total Rooms33.0
Compass TypeTownhouse
MLS TypeMulti Family
Year Built1910
Lot Size2,517 SF / 25' x 101'
CountyNew York County

Building

520 E 88th St

16 Units5 StoriesBuilt in 1910

Location

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Virtual Tour

Building Information for 520 East 88th Street

Stories5Residences16Year Built1910Building Size25' x 74'Building Sq. Ft9,250 SFLot Size2,517 SF / 25' x 101'Building AgePre-warBuilding TypeLowrise

Payment Calculator

$48,301 per month

30 year fixed, 7.25% Interest

Principal and Interest

$38,175

Property Taxes

$10,126

Maintenance/Common Charges

$0

The Payment Calculator is for illustrative purposes only.

Property History for 520 East 88th 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 520 East 88th Street

Taxable ValueLand$171,900Additions$937,350Total$1,109,250
Home Facts
Total Finished SqFt8,935 SqFtLot Size2,516 SqFtYear Built1910ZoningR8BAPN1015840040

Schools near 520 East 88th 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
Yorkville Community School
PublicPK to 5

Jhs 167 Robert F Wagner
Public6 to 8

Nyc Lab Ms For Collaborative Studies
Public6 to 8

Lower Manhattan Community Middle School
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.

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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.