61 E 75th StNew York, NY 10021

Prime Central Park Location
61 East 75th Street is a rare find, ideally located between Madison Avenue and Park Avenue. Just a short walk from Central Park, this prime address is surrounded by a variety of dining options, charming cafes, and luxury retailers.

High-End Luxury Finishes
The free market apartments have been completely renovated, featuring hardwood floors throughout, granite countertops, ample cabinet and closet storage, and stainless steel appliances, including a microwave and dishwasher. Bathrooms include radiant heated floors, while each unit offers independent HVAC control, as well as ductless heating and cooling systems, new risers, and updated electrical systems.

Major Capital Improvements
Under current ownership, the property has undergone significant upgrades, including new structural framing, a brand-new roof, refreshed hallways, and rebuilt stairways.

Protected Tax Class 2B
With 9 apartments, 61 East 75th Street is in a tax class 2B, providing protection from significant tax increases. Rent increases are capped at 8% annually, with no more than 30% increase over a 5-year period.

Private Balcony Access
Five of the nine apartments feature large, private balconies with an abundance of natural light.

77% Free Market
With 7 out of 9 apartments designated as free market, the average rent at 61 East 75th Street is $4,300, allowing for strong cash flow with minimal expenses.