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206-208 E 35th St 8 Unit Apartment Building $8,026,540 CAD ($1,003,318 CAD/Unit) New York, NY 10016
INVESTMENT HIGHLIGHTS
- Delivered vacant, enabling immediate repositioning
- Prime Murray Hill location near Grand Central
- Minutes from Midtown Tunnel and FDR Drive
- Over 5,000 SF of unused air rights for expansion
- R8B zoning allows flexible redevelopment options
- Eight residential units across two adjacent buildings
EXECUTIVE SUMMARY
206–208 East 35th Street presents a rare opportunity to acquire two adjacent, delivered-vacant four-family buildings—totaling eight residential units—in the heart of Murray Hill. These classic three-story walkups offer over 5,000 square feet of unused air rights, providing significant upside for future expansion or redevelopment.
Ideal for investors, developers, or end-users, these properties offer the flexibility to generate immediate rental income, pursue redevelopment opportunities, or customize for a personal residence. Just minutes from Grand Central Terminal, the Midtown Tunnel, and major transit hubs, this prime location ensures sustained demand and long-term value.
With strong fundamentals, vacant delivery, and untapped development potential, 206–208 East 35th Street is a prime investment in one of Manhattan’s most established and supply-constrained neighborhoods.
Ideal for investors, developers, or end-users, these properties offer the flexibility to generate immediate rental income, pursue redevelopment opportunities, or customize for a personal residence. Just minutes from Grand Central Terminal, the Midtown Tunnel, and major transit hubs, this prime location ensures sustained demand and long-term value.
With strong fundamentals, vacant delivery, and untapped development potential, 206–208 East 35th Street is a prime investment in one of Manhattan’s most established and supply-constrained neighborhoods.
PROPERTY FACTS Under Contract
| Price | $8,026,540 CAD | Building Class | C |
| Price Per Unit | $1,003,318 CAD | Lot Size | 0.03 AC |
| Sale Type | Investment | Building Size | 4,872 SF |
| No. Units | 8 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 3 |
| Property Subtype | Apartment | Year Built | 1900 |
| Apartment Style | Low-Rise | ||
| Zoning | R8B, Manhattan (C3) - High density residential zoning district. This is contextual zoning which means following the Quality Housing Program Requirements. | ||
| Price | $8,026,540 CAD |
| Price Per Unit | $1,003,318 CAD |
| Sale Type | Investment |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.03 AC |
| Building Size | 4,872 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built | 1900 |
| Zoning | R8B, Manhattan (C3) - High density residential zoning district. This is contextual zoning which means following the Quality Housing Program Requirements. |
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Walk Score®
Walker's Paradise (100)
Transit Score®
Rider's Paradise (100)
Bike Score®
Very Bikeable (77)
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $728,867 CAD | |
| Land Assessment | $382,691 CAD | Total Assessment | $1,111,558 CAD |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$382,691 CAD
Improvements Assessment
$728,867 CAD
Total Assessment
$1,111,558 CAD
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206-208 E 35th St
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