122 East 61st Street

About this property

Calling all investors. A unique opportunity to acquire a fully occupied cash flowing multifamily building in a prime Upper East Side location.

On the market for the first time in almost 50 years, this is a rare opportunity to own an 18ft wide Townhouse expanding over 5,320 sq ft. on a tree lined street between historic Park Ave and Lexington Ave in the heart of coveted Lenox Hill.

Built in 1910, this five floor Multi-Family Townhouse is currently configured as a 10 Unit incoming producing rental building. Many of the units have updated kitchens and baths, making this the perfect property for an investor to take over.

All of the units are currently configured as Studios or 1-Bedrooms with lovely updated kitchens and baths. Tall ceiling heights in this pre-war brownstone make each unit feel larger and more light filled. Gorgeous details like parquet floors, original fireplaces, large closets, and spacious living areas make this building an attractive option to any renter or investor. The ground floor has access to a rear patio, while the top floor rear also has a terrace accessed from the living room.

With easy access to Central Park, The Metropolitan Museum of Art, The Guggenheim, The MoMA, art galleries, luxury retailers on Madison Avenue, some of New York City’s finest restaurants such as Daniel, Le Bilboquet, Avra, JoJo by Jean George, Marea, and Sant Ambroeus, there has never been a better time to call the Upper East Side home.

This is a wonderful opportunity for a savvy investor looking to build their portfolio.

Can also be purchased as a combination portfolio with 124 and 130 East 61st Street.

Currently tenant occupied – 72 hours notice required for all showings. Full income and expense statements are available upon request.

Photos have been virtually staged.

Buyers should do their own due diligence.

Listing Courtesy of Jaime Richichi