331 East 52nd Street
Apartment #BLDG
$3,950,000 Price
10 Beds     10.0 Baths
331 East 52nd Street Bldg, Midtown East, NYC, $3,950,000, Web #: 20501793
331 East 52nd Street Bldg, Midtown East, NYC, $3,950,000, Web #: 20501793
331 East 52nd Street Bldg, Midtown East, NYC, $3,950,000, Web #: 20501793
331 East 52nd Street Bldg, Midtown East, NYC, $3,950,000, Web #: 20501793
331 East 52nd Street Bldg, Midtown East, NYC, $3,950,000, Web #: 20501793
331 East 52nd Street Bldg, Midtown East, NYC, $3,950,000, Web #: 20501793
331 East 52nd Street Bldg, Midtown East, NYC, $3,950,000, Web #: 20501793
331 East 52nd Street Bldg, Midtown East, NYC, $3,950,000, Web #: 20501793
331 East 52nd Street Bldg, Midtown East, NYC, $3,950,000, Web #: 20501793
331 East 52nd Street Bldg, Midtown East, NYC, $3,950,000, Web #: 20501793
331 East 52nd Street Bldg, Midtown East, NYC, $3,950,000, Web #: 20501793
331 East 52nd Street Bldg, Midtown East, NYC, $3,950,000, Web #: 20501793
331 East 52nd Street Bldg, Midtown East, NYC, $3,950,000, Web #: 20501793
331 East 52nd Street Bldg, Midtown East, NYC, $3,950,000, Web #: 20501793
331 East 52nd Street Bldg, Midtown East, NYC, $3,950,000, Web #: 20501793
331 East 52nd Street Bldg, Midtown East, NYC, $3,950,000, Web #: 20501793
331 East 52nd Street Bldg, Midtown East, NYC, $3,950,000, Web #: 20501793
331 East 52nd Street Bldg, Midtown East, NYC, $3,950,000, Web #: 20501793
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Excellent investment opportunity in prime Turtle Bay/ Midtown East location! 331 East 52nd Street is centrally located in the heart of the city, on a quiet tree-lined block close to every form of transportation, every residential convenience, and the workplaces of many high-quality prospective tenants. This a 5-story building,...

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Excellent investment opportunity in prime Turtle Bay/ Midtown East location! 331 East 52nd Street is centrally located in the heart of the city, on a quiet tree-lined block close to every form of transportation, every residential convenience, and the workplaces of many high-quality prospective tenants. This a 5-story building, comprised of 9 residential apartments. Currently, the largest of these 9 apartments is free market, and eight are rent-stabilized. The building's electrical systems were extensively updated 3 years ago, and a brand new gas boiler was installed six months ago. Every apartment boasts strip hardwood floors, soaring 10-foot ceilings, and a windowed kitchen. On the first floor, an outdoor patio leads onto a wonderfully tranquil rear garden oasis, and the property is further enhanced by a partially finished basement with a full bathroom and kitchen.

NEARBY TRANSIT/SUBWAY
Lexington Avenue 51st Street Transit Stop - #4, #6, E, and M Trains
Lexington Avenue 59th Street Transit Stop - #4, #5, #6, N, R, and W Trains
Grand Central 42nd Street Transit Stop - #4, #5, #6, #7, the Shuttle, and Metro-North
5th Avenue 53rd Street Transit Stop - E and M Trains
5th Avenue 42nd Street (Bryant Park) Transit Stop - #7, B, D, F, and M Trains

Building class: Converted Dwellings or Rooming House (C5)
Lot dimensions 18.75 feet x 100.42 feet
Lot square footage: 1,883
Building square footage: 6,135
Building dimensions: 18.75 feet wide x 63 feet deep x 60 feet high
Stories: 5
Year built: 1910
Certificate of occupancy: Yes
Residential FAR (Floor Area Ratio): 4
FAR as built: 3.26
Allowed usable floor area: 7,532 sqft
Usable floor area as built: 6,135 sqft
Unused FAR: 1,397 sqft
Zoning district: R8B

EXPENSES - 331 EAST 52ND STREET
Gas + Electric for Common Areas: approx. $8,100 per year
Water: approx. $1,600 per year
Real Estate Taxes: $77,699.84 per year
TOTAL ANNUAL EXPENSES: $87,399.84

INCOME - 331 EAST 52ND STREET
UNIT 1
Status: Free-Market
Size: 2 Bedrooms, 2 Bathrooms, Rear Patio + Rear Garden
Lease Expires: tenants are month-to-month
Rent: $3,990 per month or $47,880 per year

UNIT 2F
Status: Stabilized
Size: 1 Bedroom, 1 Bathroom
Lease Expires: 12/31/2020
Legal Rent: $2,362.30
Actual Rent: $2,100 per month or $25,200 per year

UNIT 2R
Status: Stabilized
Size: 1 Bedroom, 1 Bathroom
Lease Expires: 09/2021
Legal Rent: $1,153.88 per month or $13,846.56 per year

UNIT 3F
Status: Stabilized
1 Bedroom, 1 Bathroom
Lease Expires: 09/30/2020
Legal Rent: $1,102.43 per month or $13,229.16 per year

UNIT 3R
Status: Stabilized
1 Bedroom, 1 Bathroom
Lease Expires: 09/30/2020
Legal Rent: $947.02 per month or 11,364.24 per year

UNIT 4F
Status: Stabilized
1 Bedroom, 1 Bathroom
Lease Expires: 07/20/2020
Legal Rent: $1,435.68 per month or $17,228.16 per year

UNIT 4R
Status: Stabilized, VACANT
1 Bedroom, 1 Bathroom
Legal Rent: $1,322.63 per month or $15,871.56 per year

UNIT 5F
Status: Stabilized
1 Bedroom, 1 Bathroom
Lease Expires: 12/31/2020
Legal Rent: $1,335.99 per month or $16,031.88 per year

UNIT 5R
Status: Stabilized, VACANT
1 Bedroom, 1 Bathroom
Legal Rent: $1,401.00 per month or $16,812 per year

TOTAL ANNUAL INCOME: $177,463.56

Floorplan for 331 East 52nd Street

Floorplan

Nearby Transit

Subway IconSubway Icon

Lexington Ave, 53rd St, 0.12 mi.

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51st St, 0.20 mi.

Subway IconSubway IconSubway Icon

Lexington Ave, 59th St, 0.30 mi.

Subway IconSubway IconSubway Icon

Lexington Ave, 59th St, 0.30 mi.

Subway IconSubway Icon

5th Ave, 53rd St, 0.35 mi.

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Grand Central, 42nd St, 0.37 mi.

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Lexington Ave, 63rd St, 0.38 mi.

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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.

Listing Details

Midtown East, NYC

Last updated: 1/15/2021
Web ID: 20501793

Info & Amenities

Type: Simplex
Rooms: 31.0
Bedrooms: 10
Bathrooms: 10.0
Outdoor space: Yes
Built: 1910
Building Type: Walkup

Listing Agent(s)

Sandra Balan
Sandra Balan
Email Sandra
o: 212-588-5644
c: 917-273-0763
Samantha Pinkowitz
Samantha Pinkowitz
Email Samantha
o: 212-588-5641
c: 917-623-1937