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53 E 64th St 5 Unit Apartment Building $13,433,550 CAD ($2,686,710 CAD/Unit) 4.50% Cap Rate New York, NY 10065

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INVESTMENT HIGHLIGHTS

  • Ability to convert into a single family mansion if desired.
  • Delivered vacant.
  • Just over a block away from Central Park, is located near several main subway lines.

EXECUTIVE SUMMARY

Since the late 19th & early 20th centuries, and once known as the "silk stocking district", the Upper East Side has been home to the city's most prosperous residents. This part of the Upper East Side hosts some of the most well-known designer fashion boutiques, world class international dinning, and NY City's most prestigious hotels. Make an appointment to view this spacious 7,228 Sf. 18' WIDE!
At present, this property is configured as four rental units with front and back terraces on the upper floors, and one opulent 2-bedroom 3.5 bath triplex unit with private garden. Create a solarium, glass rooftop, or entertain in your private garden. Use your imagination and call your architect to convert this property into an absolutely fabulous spacious single-family mansion in the heart of the city .
Tucked snuggly away on a tree-lined street for more than 100 years, this quintessential New York City townhouse possesses the rare combination of charm and versatility that is the dream of any home buyer. And although it wears an unassuming mask of simple limestone, the home behind it is filled with a cavalcade of attributes both enticing and unexpected.
The building holds 4 units and rises 5 stories, but it has 6 separate levels of living space. Spread across those levels are 8 bathrooms (7 full and 2 half-baths), 8 bedrooms, 4 kitchens (each one on a different floor), 9 wood burning fireplaces, a bar, an outdoor garden, and 2 roof decks. Starting at the bottom, the basement contains a large bedroom with its own closet, an attached half-bathroom, and a washer/dryer.
The triplex garden level presently configured and last used as gallery previously 3-bedroom 3.5 bath apartment with a garden, perfect for entertaining.
The parlor level consists of a pair of split-winged bedrooms, each with its own full bathroom, closet space, and fireplace.
Delivered vacant (can be rented for $20,000/month).
The third and fourth levels are apartments all their own. The third features a spacious master bedroom with a large closet, 1 full bathroom, 1 fireplace, and kitchen, living/dining area anchored by a bay window with a view of the street. The fourth is comprised of 2 bedrooms, 1 full bathroom.
Currently rented for $8,900/month (pre-Covid $12,000).
Both the third and fourth levels are equipped with their own galley-style kitchen.
The fourth level is a large 1 bedroom with a balcony, open new a kitchen/dining room/living room that flows openly across grey hardwood floors. It has 1 fireplace, 1 full bathroom and washer and dryer.
Delivered vacant (can be rented for $4500/month).
Designed with a thought for contemporary flare, the fifth level 2 bedroom 2 full baths and the roof ,boasts a kitchen/dining room/living room that flows openly across grey hardwood floors. It has 1 fireplace and 1 full bathroom with a separate shower and bathtub.
The kitchen features white lacquer cabinets, stainless steel appliances, and a sleek countertop and backsplash. Up a flight of floating stairs and nestled between a brace of outdoor decks, the rooftop bedroom comes with its own closet space and a full bathroom with clean, white-tiled walls and a double vanity sink. While both can be considered typical of city living, each roof deck has a unique atmosphere. With a surround of rising buildings, the north- facing deck confers upon its dwellers a courtyard-like feeling. Given the extra buffer the street and a low-lying neighbor, the south-facing deck enjoys an open view of other rooftops and the local skyline.
Just over a block away from Central Park, is located near several main subway lines, and sits mere steps of some of New York’s finest restaurants including Michelin-starred neighbor “Daniel “and dessert icon Serendipity III. Though it is surely a home with a long and rich history, it is also a home that is ready to sail into the future.

PROPERTY FACTS

Price $13,433,550 CAD
Price Per Unit $2,686,710 CAD
Sale Type Investment
Cap Rate 4.50%
Sale Condition High Vacancy Property
No. Units 5
Property Type Multifamily
Property Subtype Apartment
Apartment Style Mid-Rise
Building Class C
Lot Size 0.04 AC
Building Size 7,288 SF
Average Occupancy 100%
No. Stories 4
Year Built 1905
Zoning R8B, New York - High density residential district

AMENITIES

UNIT AMENITIES

  • Granite Countertops
  • Hardwood Floors
  • Yard

SITE AMENITIES

  • Vintage Building

UNIT MIX INFORMATION

DESCRIPTION NO. UNITS AVG. RENT/MO SF
1+2 3 - -
2+3 1 - -
3+2 1 - -
Walk Score®
Walker's Paradise (95)
Transit Score®
Rider's Paradise (100)
Bike Score®
Very Bikeable (76)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
1379-0032
Land Assessment
$638,681 CAD
Improvements Assessment
$1,319,000 CAD
Total Assessment
$1,957,681 CAD
  • Listing ID: 22801552

  • Date on Market: 2021-04-21

  • Last Updated:

  • Address: 53 E 64th St, New York, NY 10065

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