326 E 93rd Street

Description

Presenting 326 East 93rd Street, a distinguished five-story, 10-unit multifamily property with an additional office suite, ideally positioned in Manhattan’s Yorkville neighborhood. Encompassing approximately 8,448 square feet, this high-performing asset has been improved with exceptional care and attention to detail and is offered in turnkey condition with an attractive 5.50% capitalization rate. The residential layout includes two one-bedroom apartments, Units 1A and 1B, along with eight two-bedroom apartments: Units 2A, 2B, 3A, 3B, 4A, 4B, 5A, and 5B. In addition to the 10 residential units, Unit 1C is configured as a two-room office with a half bath and direct access to the private rear garden, providing valuable flexibility for ownership, management, or administrative use. The residential mix includes seven free-market units, two rent-stabilized units, and one rent-controlled unit, creating a strong balance of current income, operational flexibility, and future value potential. A defining feature of the property is the expansive private landscaped rear yard, a rare amenity for a Manhattan multifamily building. Surrounded by mature greenery, flowering plantings, and established garden beds, the outdoor space offers a peaceful courtyard setting with ample room for seating, entertaining, and resident enjoyment. Direct access from the office suite further enhances the functionality of this exceptional outdoor area. Set along the tree-lined streets of the Upper East Side, the property is conveniently located near restaurants, shopping, parks, medical institutions, the Second Avenue subway, and the FDR Drive, providing easy access throughout Manhattan and beyond. Now available for a new owner or operator, its established income stream, turnkey condition, and efficient scale make it an ideal plug-and-play acquisition for an investor completing a 1031 tax-deferred exchange. 326 East 93rd Street presents a rare opportunity to acquire a substantial Yorkville multifamily asset offering immediate cash flow, private outdoor space, and meaningful future potential.