118 - 120 EAST 93 STREET

For Sale - Manhattan - Upper East Side

$40,000,000

Net Operating Income: Contact Agent

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Key Details

Property Type
MultiFamily
Neighborhood
Upper East Side
Property Dimensions
65.0 x 85.0
Property Area
42,857 sq.ft.
Total Units:
38
Stories:
9
NOI
Contact Agent
Price
$40,000,000

Listing Description

Cushman & Wakefield has been retained on an exclusive basis to arrange for the sale of 118 East 93rd Street, a 38 unit, 10-story, elevator building with a part-time doorman located in Manhattan’s highly desirable Carnegie Hill neighborhood on the Upper East Side. The 65’ foot wide property is located on the south side of East 93rd Street just off of Park Avenue.

118 East 93rd Street is a ~43,597 square foot building comprised of 37 two-bedroom and 1 three-bedroom penthouse unit as well as a beautiful large private balcony. The property is currently renting at approximately $47 per net square foot. The building consists of 1 rent controlled, 20 rent stabilized and 17 free market apartments, of which 9 have been gut renovated to condominium quality finishes. There are plans to transform the penthouse unit into an ultra luxurious 3 bedroom unit with exclusive elevator access and a
large terrace with beautiful views.

Property Details

Block/Lot:
1521/64
Lot Dimensions
65.0 x 100.67
Lot Area
6,543 sq.ft
Zoning:
R8B
FAR as Built:
6.55
Max FAR:
4.0
Robert ShapiroCushman & Wakefield
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Sales & Transactions

AddressSale PriceSale DateProperty Type
1626 YORK AVENUE$12,130,43507/12/2018MultiFamily
1624 YORK AVENUE$8,086,95707/12/2018MultiFamily
345 EAST 92ND STREET$6,075,00007/11/2018MultiFamily
228 EAST 81ST STREET$11,300,00006/26/2018MultiFamily
343 EAST 76TH STREET$9,500,00006/26/2018MultiFamily
503 EAST 83RD STREET$6,380,00006/14/2018MultiFamily
433 EAST 85TH STREET$5,550,00006/08/2018MultiFamily
39 EAST 67TH STREET$16,000,00005/23/2018MultiFamily
309 EAST 92ND STREET$9,300,00005/07/2018MultiFamily
313 EAST 92ND STREET$8,400,00004/30/2018MultiFamily