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28969511

313 E 95th St, New York, NY 10128

LB
NY NY 10401345491
JLL - New York City, New York
HO
NY 10401321782
JLL - New York City, New York
JLL
TG
NY 10401246250
JLL
JLL - New York City, New York
Listed by JLL - New York City, New York, JLL
$11,500,000
170 days on market
Updated 170 days ago

313 East 95th Street

Details
Property Type Multifamily
Sub Type Apartment Building
Square Footage 16,902
Units 30
Price per SqFt $680
Buildings 1
Stories 6

Multifamily | 30 Units | $383,333/unit

Marketing description

JLL has been retained on an exclusive basis to arrange for the sale of 313 East 95th Street, a ~37’ wide, six-story walk-up building 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 approx. 16,902 gross sf above grade with 28 residential units (1 studio, 9 one bedrooms, and 18 two bedrooms) and 2 commercial spaces. 86% of apartments (24 units) are currently free market and the remaining 4 units rent stabilized. The property features 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 and two commercial spaces leased to My One and Only Dog Salon through April 2029 and Creative Speech Therapy Medical Clinic through May 2027. When comparing the average in-place rents with the fair market projections, 313 East 95th Street is renting below market. The average studios and one-bedrooms across the building are renting 35% below market, and looking at the blended average across all unit types, the building is renting 28% below market, implying there is embedded upside to be captured by prospective investors.

Investment highlights

  • 28 Residential Units and 2 Stores across 17K Square Feet

  • 30% Upside on Resting FM Rents

  • Value Add Via Lease Turns & Renovations

  • Upper East Side Rent Dislocation Provides Greater Path for Rent Growth

  • Excellent Connectivity via the 4, 5, 6, and Q

Listing Contacts

LB
NY NY 10401345491
JLL - New York City, New York
HO
NY 10401321782
JLL - New York City, New York
JLL
TG
NY 10401246250
JLL
JLL - New York City, New York
Listed by JLL - New York City, New York, JLL

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Additional Information

Name
Logan Boenning
License
NY 10401345491
Brokerage
JLL
Brokerage Phone
2124182630
Title
Broker
Brokerage Address
330 Madison Avenue
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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