223 East 89th Street

Stephen P. Wald Real Estate Associates, Inc. has been exclusively retained to represent the sale of 223 East 89th Street, which is an Upper East Side walk-up building comprised of 20 residential units. Located within mile of the new Q subway line and mile from the 4,5,6 on a lovely tree-lined street. This is the first time the property is being offered for sale in nearly 50 years.
Renovated studios in this neighborhood rent for an estimated average of $2,200 and renovated one-bedrooms rent for an estimated average of $2,800. There is also additional upside for combinations. The rent roll is substantially below market on all free market apartments. This property represents excellent upside potential.