425 E 63rd Street #W-2F Active

Manhattan,NY 10065

$ 725000

1 Bed

1 Bath

750 SqFt


Key Details

Property Type Condo

Sub Type condop

Listing Status Active

Purchase Type For Sale

Square Footage 750 sqft

Price per Sqft $966

Subdivision Upper East Side

MLS Listing ID RLS20049272

Bedrooms 1

HOA Fees $1,762/mo

Year Built 1956

Property Sub-Type condop

Property Description

***** INVESTOR UNIT- TENANT IN PLACE *****

Investor Special! This spacious 1-bedroom at 425 East 63rd Street offers an excellent 4.5% cap rate, making it a rare turnkey investment in the heart of Lenox Hill. With a tenant already in place, this unit provides immediate income and stable returns.

The residence itself features a generously sized living/dining area, a separate kitchen, hardwood floors, and excellent closet space. Oversized windows ensure great natural light and a quiet outlook, enhancing long-term rental appeal.

Investment Highlights:

4.5% cap rate

Tenant in place, immediate income

Low monthly carrying costs relative to rental income

Strong demand rental neighborhood

Building Features:

Full-time doorman

Elevator building with on-site laundry

Live-in resident manager

Pet-friendly (with board approval)

Location:
Situated on a quiet block in Lenox Hill, just steps from the East River promenade, Roosevelt Island tram, and convenient access to the Q/F/6 trains and crosstown buses. The area's shops, dining, and medical centers ensure consistent rental demand.

Additional Details:

Co-op with investor-friendly policies

Subletting permitted (with board approval)

Some Photos are virtually staged

Location

State NY

County New York

Building Detail https://nyc.manhattanmiami.com/nyc/buildings/the-royal-york

Interior

Cooling Wall Unit(s)

Laundry Building Washer Dryer Install Allowed,Common Area

Exterior

Exterior Feature Building Storage,Building Courtyard,Building Garden

Building

Dwelling Type None

Story 12

New Construction No

Others

Monthly Total Fees $1,762

Special Listing Condition Standard

Pets Allowed Building Yes,Yes

View More
Favorite Go Tour