***** INVESTOR UNIT- TENANT IN PLACE ***** Investor Special! This spacious 1-bedroom at 425 East 63rd Street offers an excellent 4.5% cap rate, making it a rare turnkey investment in the heart of Lenox Hill. With a tenant already in place, this unit provides immediate income and stable returns. The… Read More residence itself features a generously sized living/dining area, a separate kitchen, hardwood floors, and excellent closet space. Oversized windows ensure great natural light and a quiet outlook, enhancing long-term rental appeal. Investment Highlights: 4.5% cap rate Tenant in place, immediate income Low monthly carrying costs relative to rental income Strong demand rental neighborhood Building Features: Full-time doorman Elevator building with on-site laundry Live-in resident manager Pet-friendly (with board approval) Location: Situated on a quiet block in Lenox Hill, just steps from the East River promenade, Roosevelt Island tram, and convenient access to the Q/F/6 trains and crosstown buses. The area’s shops, dining, and medical centers ensure consistent rental demand. Additional Details: Co-op with investor-friendly policies Subletting permitted (with board approval) Some Photos are virtually staged Read Less
Listing Courtesy of: Christopher Pasquale, R New York
Listing Snapshot
Days Online
1
Last Updated
Property Type
Apartment
Beds
1
Full Baths
1
Year Built
1956
MLS Number
RLS20049272
30 Days Snapshot Of 10065
$2.83M
-10%
(avg) sold price
27
-22%
homes sold
162
+14%
(avg) days on market
Snapshot
Area Map
Additional Details
Building
Features: Elevators, Living Area Units: SquareFeet, Rooms Total: 4, Structure Type: None
Interior Features
Interior Features: EntranceFoyer
Property
Property Sub Type: Apartment
Taxes
Tax Block: 1458, Tax Lot: 7503
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