This four-story townhouse, built in 1920, reflects the Upper East Side's rich architectural history. With a total gross floor area of 4,512 sq. ft., this building offers four spacious residential units. The building's structure, a classic multi-unit walk-up, presents an excellent opportunity for long-term investment, either as a rental income property or as a condominium conversion project.
Property Summary
- Address: 186 East 75th Street, New York, NY 10021
- Property Type: Multi-unit walk-up building
- Total Units: 4 Residential Units
- Zoning: R8B
- Gross Floor Area: 4,512 sq. ft.
- Lot Area: 1,912 sq. ft.
- Lot Frontage: 18.75 ft.
- Lot Depth: 102.17 ft.
- Year Built: 1920
- Block: 1409
- Lot: 144
Zoning District: R8B, offering medium-density residential development with contextual height limits that maintain the Upper East Side's classic townhouse aesthetics.
Building Class: Walk-up Apartments - Cooperative (C6)
Investment Opportunity
186 East 75th Street offers a rare opportunity to acquire a 4-story townhouse with four individual units in the heart of the Upper East Side, one of the most desirable neighborhoods in Manhattan. This property represents an excellent investment for those looking to own a multifamily building in a prime location known for its historical charm, quality amenities, and high demand for housing.
- Strong Rental Market: The Upper East Side is one of Manhattan's most consistently rental markets, attracting long-term rents.
- Upside Potential: The property has potential for appreciation in both rental income and overall value, benefiting from ongoing demand in the area.
- Prime Location: Nestled between Lexington and 3rd Avenues, this property provides easy access to restaurants, boutiques, cultural landmarks, and green spaces.
Location Overview
- Neighborhood: Upper East Side
- Located in Manhattan Community District 8, 186 East 75th Street offers a quintessential Upper East Side living experience. This townhouse is situated within close proximity to some of New York City's most iconic cultural destinations, parks, and shopping hubs.
- Central Park: Just a few blocks west, Central Park offers an oasis of greenery and recreation.
- Museums: World-renowned institutions like the Metropolitan Museum of Art and the Guggenheim Museum are minutes away.
- Shopping and Dining: Madison Avenue offers luxury shopping, while a variety of dining options are available on Lexington and 3rd Avenues.
- Public Transportation: Excellent access to public transportation, with the 6 train at 77th Street and the Q train nearby at 72nd Street, making commuting throughout the city convenient.
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