2 Locations

JLL has been retained on an exclusive basis to arrange for the sale of 313 & 319 East 95th Street, two ~37’ wide, six-story walk-up buildings located on the north side of East 95th Street between First and Second Avenues in Manhattan’s Upper East Side. 313 East 95th Street comprises approximately 16,902 gross sf above grade with 28 residential units (1 studio, 9 one bedrooms, and 18 two-bedrooms) and 2 commercial spaces. 319 East 95th Street also contains approximately 16,902 gross sf above grade featuring 30 residential units (5 studios, 10 one bedrooms, 14 two-bedrooms, and 1 three-bedroom). Combined, the properties total 33,804 gross sf approximately with 58 residential apartments and 2 commercial units, with 74% of apartments (43 units) currently free market and the remaining 15 units rent stabilized. Both properties feature similar infrastructure with central heating systems distributing steam via cast iron radiators, tenant-provided window air conditioning units, and individually metered electricity.

313 East 95th Street contains 28 residential apartments (85% free market) with current average rents of $2,220/month for studios, $2,620/month for one-bedrooms, and $2,971/month for two-bedrooms. The building also includes two commercial spaces leased to My One and Only Dog Salon ($30,900 increasing annually through April 2029) and Creative Speech Therapy Clinic ($30,816 increasing annually through May 2027). 319 East 95th Street houses 30 residential apartments (63% free market) with average rents of $2,271/month for studios, $2,484/month for one-bedrooms, $3,028/month for two-bedrooms, and $2,543/month for the three-bedroom unit. When viewed as a combined portfolio, the properties offer a weighted average rent of $2,262/month for studios, $2,548/month for one-bedrooms, and $2,997/month for two-bedrooms, with total annual commercial income of $61,716 providing additional stable revenue. When comparing the average in-place rents with the fair market projections, 313-319 East 95th Street is renting below market. The average studios and one-bedrooms across the two buildings are renting for $2,262 and $2,548 which are 25% and 33% below market, respectively. The two-bedrooms are renting for $2,997 on average, which represents a 31% dip from the fair market rate. When looking at the blended average across all unit types, the two buildings are renting 30% below market, implying there is embedded upside to be captured by prospective investors.