520 East 88th Street
520 East 88th Street
$6,995,000
17
17
10,785
10,785
$649
Temporarily Off Market
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.
Feel free to reach out for additional information including a pro forma, DHCRs, or to arrange access.
Listing Agents
Amenities
- Walk Up
- Voice Intercom
- Midrise
Location
LISTING UPDATED: 09/21/2022 07:09 PM
Property Details for 520 East 88th Street
Status | Temporarily Off Market |
---|---|
Days on Market | 126 |
Taxes | $10,126 / month |
Maintenance | - |
Min. Down Pymt | - |
Total Rooms | 33.0 |
Compass Type | Townhouse |
MLS Type | Multi Family |
Year Built | 1910 |
Lot Size | 2,517 SF / 25' x 101' |
County | New York County |
Building
Location
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
The Payment Calculator is for illustrative purposes only.
Property History for 520 East 88th Street
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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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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