407 E 77th St
New York, NY 10021
Immeuble residentiel Propriété À vendre · 15 Unités

Beyond Capital at Keller Williams NYC has been retained on an exclusive basis to arrange the sale of 407 East 77th Street, a 5-story, 15-unit multifamily walk-up on a prime Upper East Side block between 1st and York Avenues. Built in 1910 and well-maintained, the building offers 10,280 SF of gross floor area on a 25 x 102.17 ft lot.
The unit mix is heavily free-market — 11 free market, 3 rent stabilized, and 1 rent controlled — a rare profile for the neighborhood. Two owner-occupied units along with three furnished rentals will be delivered vacant six months post-closing, allowing new ownership to reset rents to market, renovate, or owner-occupy.
Current scheduled gross income is $380,637 with NOI of $148,885. Pro forma scheduled gross income is $617,037 with NOI of $385,400, representing $236,400 of immediate rent roll upside through lease-up of the delivered-vacant units and rolling expiring free-market leases to market.
The property sits steps from the Q train, major bus lines, and the dining and retail corridors of 2nd and 3rd Avenues. Zoning is R8B, building class C4. Ideal for 1031 exchange buyers, long-term holders, value-add operators, and owner-users seeking a stabilized asset with built-in growth in one of Manhattan's most in-demand residential neighborhoods.