For Sale
$2,900,000

62 131St StNew York, NY 10037

5-Unit Brownstone, Vacant, Renovated

Overview

Added:
Dec 11, 2024
Days on market:
117
This exceptional East Harlem investment opportunity presents a fully renovated, six-story elevator building at 62 East 131st Street, New York, NY 10037. Built in 1926 and extensively renovated in 2013, this 6,013 square foot brownstone boasts five spacious, vacant, free-market apartments, each approximately 900 square feet. Currently configured as one-bedroom units, these apartments offer the potential for conversion to two-bedroom units, significantly increasing future value. Each unit enjoys individual elevator access via a newly installed elevator system. The property is ideally suited for owner-occupancy, with the potential to generate rental income from the remaining units. Alternative uses include a single-family conversion or individual sale as condos or co-ops. The building benefits from a protected tax class 2A, resulting in low taxes. A full Certificate of Occupancy is anticipated by year-end. The lot size is 1,749 square feet, and the asking price is $2,900,000, or $580,000 per unit. The property is zoned R7B. This is a rare opportunity to acquire a meticulously renovated multifamily building in a prime Manhattan location.

Highlights

  • Fully renovated 6-story elevator building (2013) with 5 spacious (900± SF) 1-bedroom apartments totaling 6,013± SF.
  • Units feature individual elevator access and potential for 2-bedroom conversions.
  • Delivered vacant with a new elevator and keyed access to each unit.
  • Ideal for owner-occupancy with rental income potential, single-family conversion, or condo/co-op conversion.
  • Benefits from low taxes due to protected Tax Class 2A; full Certificate of Occupancy expected by year-end.

Property Details for 62 131St St

Property type
Apartment buildings
Square Feet
6,013 SF
Year Built/Renovated
1926/2013
Buildings
1
Stories
6
Units
5

Location Insight

City
New York
County
New York
State
New York
Latitude
40.809036
Longitude
-73.9371876
62 131St St, New York, New York

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62 131St St
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