Newmark has been retained on an exclusive basis to arrange for the sale of 153-159 East 96th Street. The 37,065 square foot multifamily offering is located on the north side of East 96th Street between Lexington and Third Avenues in the Upper East Side neighborhood of Manhattan.

153-159 East 96th Street is a well maintained, elevator asset and consists of 40 residential units. The unit mix is comprised of 35 one-bedroom and 5 two-bedroom style apartments. The building is entirely rent regulated and 100% occupied. The property offers over $164,000 of preferential rents which will allow future ownership the ability to capture rental upside upon unit turnover. There are also approximately 57,795 SF of available air rights (As-of-Right).

Addiitionally, there is an opportunity to convert ground floor units to commercial space creating unregulated revenue potential and investment flexibility.

Located in one of the most coveted neighborhoods in Manhattan, the Upper East Side is a vibrant and dynamic neighborhood known for its art galleries, dining scene and trendy boutiques. The property at 153-159 East 96th Street boasts premier access to public transportation steps away from the train, less than two blocks away from the line and positioned among three bus stops making it a convenient hub for residents.