Perfectly situated between 1st & 2nd Avenue on a tree-lined street, 329 East 52nd Street is a five story, 19 foot wide multi-family building. Spanning a total of 6,366 square feet with an additional 1,167 of unused FAR, the property consists of ten residential units, eight of which are free-market. Of the ten units, (4) are one bedrooms and (6) are converted two bedrooms, boasting exposed brick and decorative fireplaces throughout. In addition to the residential units, the property has a floor-through basement level with street access and office/community facility use is permitted on the first floor.
Located in heart of Midtown East, the property enjoys a central location along with the coveted charm and atmosphere of Sutton Place. Fully occupied and in excellent condition, this unique opportunity offers immediate cash-flow with upside and potential for a future conversion.