Press Release brought to you by Cushman & Wakefield Capital Markets Group New York

Massey Knakal Retained Exclusively To Sell Apartment Building on the Upper East Side

12/02/2014

Massey Knakal Realty Services has been retained on an exclusive basis to sell an apartment building at 227 East 89th Street. The property is located between Second and Third Avenues in the Yorkville section of Manhattan’s Upper East Side. The asking price is $15,500,000.

Built circa 1920 and gut renovated in 2012, the five-story walk-up building contains approximately 10,465 square feet and sits on a 25’ x 100.67’ lot.  It consists of 19 residential units, of which 16 are fair market and three are rent stabilized, with eight one-bedrooms, one three-bedroom, one four-bedroom, and one five-bedroom unit.  All of the fair market apartments have been gut renovated to include washer/dryer, wine coolers, stainless steel appliances, new oak wood flooring, high hat lighting, crown and base moldings, marble baths, glass showers, granite counter tops, subway tile kitchen backsplash, and brand new cherry wood cabinetry.  The recent substantial building-wide renovation included repointing, repaired windowsills, repainting, new front doors, beautifully renovated new vestibule and common areas, new gas and electric risers, upgraded plumbing, security camera installation, apartment video access entry, new roof, newly landscaped courtyard and re-piped gas boiler.  The lobby level real apartment features a private backyard and top floor apartments feature private roof decks.

The building benefits from its location just three blocks from the 86th Street retail corridor and near the 4, 5, and 6 subway lines at 86th Street and Lexington Avenue.  Additionally, Carl Shurz Park is in close proximity.

This property is being marketed exclusively Massey Knakal’s John F. Ciraulo, Thomas D. Gammino, Jr. and Craig M. Waggner.

12/02/2014 - 13:06

Source

Cushman & Wakefield Capital Markets Group New York

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