154 85Th StNew York, NY 10028

Property Details for 154 85Th St

Year built

1920

Lot size

0.06 AC

Property size (Sq ft)

5,840 SF

Zone code

R8B

Property type

Investment properties

Property subtype

Live-work space

APN

01513-0049

APU

15130049

Description

This exceptional four-story, mixed-use townhouse at 154 East 85th Street in Manhattan offers a unique investment opportunity. The property boasts 5,840 square feet of net rentable space, currently 100% occupied by two tenants. The lower two floors house a thriving multi-specialty medical practice with over 39 locations throughout New York City, operating under a corporate-guaranteed, net lease agreement with a five-year term commencing April 1, 2024, and including rent bumps. The upper two floors consist of a luxurious duplex apartment featuring high-end appliances, oak flooring, custom molding, an elevator, and a security system. Built in 1920 and renovated in 2001, this Class A property sits on a 2,435 square foot lot (23.83 feet by 102.17 feet) in a highly desirable Upper East Side location, just blocks from Central Park and conveniently located near the 4, 5, 6, and Q subway lines. The property generates a strong net operating income (NOI) of $369,814. This fee-simple ownership presents a compelling investment opportunity in a prime Manhattan location with a stable, high-quality tenant base. The building features one building with four stories.

• CAP approach

  CAP return

  Valuation

  6%

  $1,100,800

  6.5%

  $1,016,130

  7%

  $943,545

• Comparable approach

  Method

  Valuation

  Relative Method

  $778,316

  Geo Method

  $778,316

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $1,988,630

  Retail / Commercial

  $1,019,760

  Hospitality / Lodging

  $745,499

  Office

  $1,010,090

  Institutional / Educational

  $1,056,360

  Residential Income

  $1,235,940

  Multifamily

  $1,482,320

  Automotive / Energy

  $905,453

  Parking / Income-Based Land

  $312,461

  Restaurant / Food Service

  $528,495

  Healthcare / Senior Housing

  $1,042,020

Location Insight

City

New York

County

New York

State

New York

Latitude

40.7784

Longitude

-73.9558

CBSA code

35620

CBSA name

NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].