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319 E 90th St
New York, NY 10128
Multifamily Property For Sale
·
20 Units
Investment Highlights
- 20-unit, five-story multifamily building totaling approximately 8,950 SF.
- Select units feature private gardens and private roof decks.
- Located on East 90th Street between First and Second Avenues in Yorkville, Upper East Side.
- Renovated units with in-unit washer/dryers, modern kitchens, and updated baths.
- Offered at a 5.5% cap rate on the current rent roll.
Executive Summary
319 East 90th Street is a five-story, 20-unit multifamily building located on a tree-lined block between First and Second Avenues in the Yorkville section of Manhattan’s Upper East Side. The property comprises 11 one-bedroom units and 9 studios totaling approximately 8,950 square feet. Eighteen of the twenty units rent at fair-market levels, with two units on preferential terms, providing a largely stabilized income profile.
The building has undergone unit renovations and features in-unit washer/dryers, updated kitchens, and modern bathrooms throughout—an uncommon amenity set for a property of this size. Select units are further differentiated by private outdoor space, including two one-bedroom units with gardens and two studio duplex units with private roof decks.
The asset is well maintained and benefits from consistent tenant demand driven by modern finishes, outdoor amenities, and proximity to neighborhood retail, transit, and the East River waterfront. The property is offered at a 5.5% capitalization rate on the current rent roll, presenting an opportunity for immediate cash flow with potential upside through continued rent optimization and turnover of the remaining non-market units.
Perfect plug and play for a 1031. Email for rent roll and set-up.
The building has undergone unit renovations and features in-unit washer/dryers, updated kitchens, and modern bathrooms throughout—an uncommon amenity set for a property of this size. Select units are further differentiated by private outdoor space, including two one-bedroom units with gardens and two studio duplex units with private roof decks.
The asset is well maintained and benefits from consistent tenant demand driven by modern finishes, outdoor amenities, and proximity to neighborhood retail, transit, and the East River waterfront. The property is offered at a 5.5% capitalization rate on the current rent roll, presenting an opportunity for immediate cash flow with potential upside through continued rent optimization and turnover of the remaining non-market units.
Perfect plug and play for a 1031. Email for rent roll and set-up.
Property Facts
| Price Per Unit | $504,428 CAD | Apartment Style | Mid-Rise |
| Sale Type | Investment | Building Class | C |
| Cap Rate | 5.50% | Lot Size | 0.06 AC |
| No. Units | 20 | Building Size | 8,961 SF |
| Property Type | Multifamily | No. Stories | 5 |
| Property Subtype | Apartment | Year Built | 1915 |
| Zoning | R8B | ||
| Price Per Unit | $504,428 CAD |
| Sale Type | Investment |
| Cap Rate | 5.50% |
| No. Units | 20 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | C |
| Lot Size | 0.06 AC |
| Building Size | 8,961 SF |
| No. Stories | 5 |
| Year Built | 1915 |
| Zoning | R8B |
Amenities
Unit Amenities
- Air Conditioning
- Heating
- Kitchen
- Oven
- Range
- Tub/Shower
Site Amenities
- Security System
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 10 | - | - |
| 1+1 | 10 | - | - |
Property Taxes
| Parcel Number | 1553-0012 | Improvements Assessment | $1,506,670 CAD |
| Land Assessment | $340,588 CAD | Total Assessment | $1,847,257 CAD |
Property Taxes
Parcel Number
1553-0012
Land Assessment
$340,588 CAD
Improvements Assessment
$1,506,670 CAD
Total Assessment
$1,847,257 CAD
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