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237 East 77th Street - $30,000,000

Rare Investment Opportunity In PRIME UES

Offered at this combined price, 235-239 East 77th Street comprises two lots on a prime UES block between 3rd and 2nd Avenue. 235-237 East 77th Street (Block and Lot 01432-0014) is currently vacant. Ready for building, The 25 by 102 foot lot can accommodate a new, approx 10,000 square foot building. Build out your new home or investment opportunity while controlling the rental building directly to the east at 239 East 77th (Block and Lot 01432-0015). On an identically sized lot, the current rental building is 7,400 sq feet and is comprised of 16 units. The apartments are a mixture of studios and one beds. An investor has the option of collecting rent income of a fully occupied building or pursing a new development in the future.
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* All information furnished regarding property for sale, rental, financing or estimated mortgage rates is from sources deemed reliable but no warranty or representation is made as to the accuracy thereof. For further financing information, please contact a Brown Harris Stevens agent.

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Last updated: 12/14/2017
ID: 16722392
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