306 East 81st Street

306 East 81st Street

New York USA
40.7742854 -73.9537163
Off Market
Glasses Created with Sketch. SPECIFICATIONS
  • Price
  • Plot
  • Building
  • Ownership
  • Stories
  • Est. Square Feet
  • Units
  • Rooms
  • Bedrooms
  • Bathrooms
  • Powder Rooms
  • Annual Taxes
  • Income
  • Expenses
  • $5,900,000
  • 15' x 102.17'
  • 15' x 45'
  • Townhouse
  • 4
  • 4,100 ft2
  • 3
  • 10
  • 4
  • 3
  • 2
  • $19,583
  • $246,000
  • $35,083
Map Created with Sketch. LOCATION
  • Between First and Second Avenues
Star Created with Sketch. KEY FEATURES
  • Residential Townhouse Wth Ground Floor Detail
  • Delivered Vacant Upon Request
  • Rental Income
  • Air Rights Intact
  • Not Landmarked
  • Dishwasher
  • Patio
  • Washer / Dryer
  • Prewar
  • Balcony
  • Fireplace
  • Pets
  • Storage
Off Market
Glasses Created with Sketch. SPECIFICATIONS
  • Price
  • Plot
  • Building
  • Ownership
  • Stories
  • Est. Square Feet
  • Units
  • Rooms
  • Bedrooms
  • Bathrooms
  • Powder Rooms
  • Annual Taxes
  • Income
  • Expenses
  • $5,900,000
  • 15' x 102.17'
  • 15' x 45'
  • Townhouse
  • 4
  • 4,100 ft2
  • 3
  • 10
  • 4
  • 3
  • 2
  • $19,583
  • $246,000
  • $35,083
Map Created with Sketch. LOCATION
  • Between First and Second Avenues
Star Created with Sketch. KEY FEATURES
  • Residential Townhouse Wth Ground Floor Detail
  • Delivered Vacant Upon Request
  • Rental Income
  • Air Rights Intact
  • Not Landmarked
  • Dishwasher
  • Patio
  • Washer / Dryer
  • Prewar
  • Balcony
  • Fireplace
  • Pets
  • Storage

Located just off the corner of 81st Street and 2nd Avenue, on the south side of the street sits 306 East 81st Street, a four story, two family mixed use townhouse that can be delivered vacant or with the two existing tenants in place. Property is not landmarked or in a historic district and with the existing air rights intact, opportunity to live with income or operate a business and rent out exists.

At roughly 4,100 square feet this building is currently configured with ground floor retail and a total of two apartments above. The ground retail is occupied by Sandro's (a very well regarded Italian restaurant), with its own separate entrance and use of the full basement. The restaurant is currently paying $10,000/month but has agreed to an increase to $11,500/month starting in August, $138,000 per annum. The restaurant is approximately 1,350 square feet plus use of the basement for storage purposes and is on a month to month basis.

A stooped entrance takes you to the residential portion of the building. On the second floor is the entrance to a lovely one bedroom, 1.5 bath apartment with a large south facing terrace. This free market, 1,050 square foot unit has original details, pre-war charm, a working fireplace, high ceilings and a large bedroom with plenty of closet space. The current lease is expiring in August of 2017 at which point it will be on a month to month. The current tenants are currently paying $3,000/month.

The third and fourth floor is a 3 bedroom plus home office, 1.5 bath 1,700 square foot duplex apartment that offers high ceilings, oversized kitchen, large living room and a washer/dryer. Currently the duplex is vacant. The most recent rent was $5,900, and is projected at $6,000 per month.

The entire building can be delivered with the existing tenants in place or completely vacant. This property can be a single family conversion, continued mixed use, live/work for a restaurant operator, or the potential exists to use the ground floor for other retail use. It is also suitable for a 1031 exchange buyer.

The building is gas heated and has had a new roof recently put on and has roughly 2,000 square feet of unused development rights.

Highlights:

-Mixed use building with ground floor retail

-Sandro's Restaurant on ground floor is 1,350 square feet built 15' x 90' and can be delivered vacant or remain in place

-2nd floor one bedroom, 1.5 bathroom with large terrace is 1,050 square feet built 15' x 70' and can be delivered vacant, or remain in place

-3/4th floor 3 bedroom 1.5 bath duplex apartment with separate home office, is roughly 1,700 square feet, currently vacant built 15' x 70' on the 3rd floor and 15' x 45' on the 4th floor

-Original details and WBFP


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Lydia Rosengarten - Leslie J. Garfield & Co
Lydia Rosengarten

Located just off the corner of 81st Street and 2nd Avenue, on the south side of the street sits 306 East 81st Street, a four story, two family mixed use townhouse that can be delivered vacant or with the two existing tenants in place. Property is not landmarked or in a historic district and with the existing air rights intact, opportunity to live with income or operate a business and rent out exists.

At roughly 4,100 square feet this building is currently configured with ground floor retail and a total of two apartments above. The ground retail is occupied by Sandro's (a very well regarded Italian restaurant), with its own separate entrance and use of the full basement. The restaurant is currently paying $10,000/month but has agreed to an increase to $11,500/month starting in August, $138,000 per annum. The restaurant is approximately 1,350 square feet plus use of the basement for storage purposes and is on a month to month basis.

A stooped entrance takes you to the residential portion of the building. On the second floor is the entrance to a lovely one bedroom, 1.5 bath apartment with a large south facing terrace. This free market, 1,050 square foot unit has original details, pre-war charm, a working fireplace, high ceilings and a large bedroom with plenty of closet space. The current lease is expiring in August of 2017 at which point it will be on a month to month. The current tenants are currently paying $3,000/month.

The third and fourth floor is a 3 bedroom plus home office, 1.5 bath 1,700 square foot duplex apartment that offers high ceilings, oversized kitchen, large living room and a washer/dryer. Currently the duplex is vacant. The most recent rent was $5,900, and is projected at $6,000 per month.

The entire building can be delivered with the existing tenants in place or completely vacant. This property can be a single family conversion, continued mixed use, live/work for a restaurant operator, or the potential exists to use the ground floor for other retail use. It is also suitable for a 1031 exchange buyer.

The building is gas heated and has had a new roof recently put on and has roughly 2,000 square feet of unused development rights.

Highlights:

-Mixed use building with ground floor retail

-Sandro's Restaurant on ground floor is 1,350 square feet built 15' x 90' and can be delivered vacant or remain in place

-2nd floor one bedroom, 1.5 bathroom with large terrace is 1,050 square feet built 15' x 70' and can be delivered vacant, or remain in place

-3/4th floor 3 bedroom 1.5 bath duplex apartment with separate home office, is roughly 1,700 square feet, currently vacant built 15' x 70' on the 3rd floor and 15' x 45' on the 4th floor

-Original details and WBFP


Read More