87

Livability Score

306 East 81st Street

Yorkville
FOR SALE
EST. $23705 / MO
$6,350,000
$1548/sq ft
DETAILS
4 bedrooms 4100 sq ft
4 bathrooms Zip: 10028
Purchase MLS: 16660699

Located just off the corner of 81st Street and 2nd Avenue, on the south side of the street sits 306 East 81st Street, a four story, two family mixed use townhouse that can be delivered vacant or with the two existing tenants in place. Property is not landmarked or in a historic district and with the existing air rights intact, opportunity to live with income or operate a business and rent out exists. At roughly 4,100 square feet this building is currently configured with ground floor retail and a total of two apartments above. The ground retail is occupied by Sandro's, a very well regarded Italian restaurant, with its own separate entrance and use of the full basement. Restaurant is currently paying $106,950 per annum. The restaurant is approximately 1,350 square feet plus use of the basement for storage purposes and is on a month to month basis. A stooped entrance takes you to the residential portion of the building. On the second floor is the entrance to a lovely one bedroom, 1.5 bath apartment with a large south facing terrace. This free market, 1,050 square foot unit has original details, pre-warm charm, a working fireplace, high ceilings and a large bedroom with plenty of closet space. The current lease is expiring in August of 2017 at which point it will be on a month to month. They are currently paying $3,000/month. The third and fourth floor is a 3 bedroom plus home office, 1.5 bath 1,700 square foot duplex apartment that offers high ceilings, an open, oversized kitchen, large living room and a washer/dryer. Currently vacant, rent is projected at roughly $6,000 per month. The entire building can be delivered with the existing tenants in place or completely vacant. Ideally suited as a single family conversion, continued mixed use, live/work for a restaurant operator, or the potential exists to use the ground floor for other retail use. Suitable for a 1031 exchange buyer. Building is gas heated and has had a new roof recently put on and has roughl

Additional listing info available.

Estimate mortgage
20%
$23705/MO

3.812% Interest

30 YR Fixed

This property has mostly high ratings.

Fort Knox

99

Pretty much like living in a bank vault.

306 East 81st Street is the lap of safety luxury

Uncertain

69

It's fairly clean up in here

Nothing's going to make you act a fool up in 306 East 81st Street

Delectable

83

Take off that toolbelt and enjoy your new home

Kick back, relax, you've got at quality home in 306 East 81st Street

Dirt Cheap

99

It's like Publisher's Clearing House just rang your doorbell.

Living at 306 East 81st Street will literally make you feel like you've won the grand prize - every day

Safety

99

Pretty much like living in a bank vault.


306 East 81st Street is the lap of safety luxury

Violent
Violent
Low risk of violent crimes in this area
Non violent
Non Violent
A really safe place to live
Security
Security
No security related issues to note

Environment

69

It's fairly clean up in here


Nothing's going to make you act a fool up in 306 East 81st Street

Health
Health
No indication of major environmental health hazards present
Outdoor
Outdoor
Below average street cleanliness
Utilities
Utilities
Heat and water systems seem to be working great
Pest control
Pest Control
This building appears to be pest-free

Quality

83

Take off that toolbelt and enjoy your new home


Kick back, relax, you've got at quality home in 306 East 81st Street

Noise
Noise
Indications that noise may be bothersome for residents
Physical condition
Physical Condition
Building appears to be in excellent shape
Nuisance
Nuisance
No significant nuisance issues
Building management
Building Management
No history of conflict between residents and management

Expenses

99

It's like Publisher's Clearing House just rang your doorbell.


Living at 306 East 81st Street will literally make you feel like you've won the grand prize - every day

Utility expenses
Utility Expenses
Low utility expenses
Other expenses
Other Expenses
Court cases
Court Cases
No significant court cases reported
Other info
Other Info
Investigate this section further to learn about other potential issues

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