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Listing Courtesy of R New York
$725,000
Est. payment /mo
1 Bed
1 Bath
750 SqFt
Active
425 E 63rd Street #W-2F Manhattan, NY 10065
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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
HOA Y/N Yes
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
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
Interior
Interior Features Entrance Foyer
Cooling Wall Unit(s)
Fireplace No
Laundry Building Washer Dryer Install Allowed, Common Area
Exterior
Exterior Feature Building Storage, Building Courtyard, Building Garden
Private Pool No
Building
Dwelling Type None
Story 12
New Construction No
Others
Pets Allowed Pets Allowed
Ownership Condop
Monthly Total Fees $1, 762
Special Listing Condition Standard
Pets Allowed Building Yes, Yes
RLS Data display by Manhattan Miami Real Estate
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