322 74Th StNew York, NY 10021

  • Residential income properties
  • 8,500 SF
For Sale
$8,150,000 View listing

Property Details for 322 74Th St

Year built
1910
Lot size
0.06 AC
Property size (Sq ft)
8,500 SF
Zone code
R8B
Property type
Residential income properties
Property subtype
Residential income homes
APN
01448-0044
APU
14480044

Description

This exceptional five-story, 8,500 square foot mixed-use apartment building, located at 322 East 74th Street in Manhattan's Upper East Side, presents a lucrative investment opportunity. Boasting 25 feet of frontage on East 74th Street, between 1st and 2nd Avenues, the property comprises twenty residential units

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $1,742,577
    6.5%
    $1,608,532
    7%
    $1,493,637
  • Comparable approach

    Method
    Valuation
    Relative Method
    $1,721,446
    Geo Method
    $1,721,446
  • Alternative Use

    Use
    Valuation
    Residential
    $1,608,532
    Hospitality
    $1,473,407
    Educational
    $1,225,857
    Medical
    $1,268,016
    Retail
    $1,906,889
322 74Th St, New York, New York

Location Insight

City
New York
County
New York
State
New York
Latitude
40.7696
Longitude
-73.9567
CBSA code
35620
CBSA name
NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2024
$175,753
$167,400
$1,238,400
$1,405,800
-
$372,000
$2,902,000
$3,274,000

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