Asking Price Contact for pricing
NOI Net Operating Income N/A
Cap Rate N/A
Asking Price Contact for pricing
NOI Net Operating Income N/A
Cap Rate N/A

Documents

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Create an account on the Investor Center to save your search and investment preferences, save and share opportunities, access exclusive documents, and more. More questions? Visit our FAQ. You'll need to sign a Confidentiality Agreement (CA) to access exclusive documents in the Deal Room. Signing the CA means you agree not to divulge or release sensitive information related to this property. More questions? Visit our FAQ.

Attributes

Building Area

Property Description

JLL has been retained on an exclusive basis to arrange for the sale of 17 East 70th Street. The 13-unit multifamily townhouse is just steps from Central Park and is on the north side of East 70th Street between Fifth and Madison Avenue. The property contains 13 total units, of which, 11 of are residential apartments with the remaining 2 being used as office space. Currently, out of the 11 residential units, 5 are free market, 3 are rent stabilized, and 3 are rent controlled.

Investment Highlights

The property is ideally located just steps from Central Park, one of the most desired locations in all of New York City. Given the location and free market status of the majority of the units, the potential for a single-family residence is clear. A potential purchaser could utilize and/or live in a portion of the free market space until at such time when this type of conversion is the most economically viable. As such, the path to this execution where assets trade for upwards of $3,000/psf, and the surrounding area’s incredible restaurants, high end shopping and iconic NY Landmarks, presents an incredibly rare investment opportunity steps from Central Park.

Last Updated Date: 09 Sep 2021
Bob Knakal
Bob Knakal
Chairman, NY Investment Sales, New York Office Co-Head
License details
NY-10311207925
Clint Olsen
Clint Olsen
Managing Director, Capital Markets
License details
NY-10301212298

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Last Updated Date: 09 Sep 2021

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