331 52Nd StNew York, NY 10022

This exceptional 9-unit apartment building, located at 331 E 52nd St in New York City's Midtown East, presents a compelling investment opportunity. Built in 1910, this five-story, Class C building boasts 6,139 square feet on a 1,883 square foot lot (APN: 1345 - 115). Currently operating at 100% occupancy, the property features nine rent-stabilized units. Approximately half of the units have undergone recent renovations, incorporating high-end finishes and establishing a benchmark for current rental rates. The building's prime location offers unparalleled convenience, situated less than a five-minute walk from the Lexington Avenue/53rd Street subway station (E and M lines) and less than a mile from Grand Central Terminal, providing easy access to all of Manhattan and beyond. The R8B zoning designation further enhances the property's potential. This property offers a blend of strong current income and future upside potential, making it an attractive investment for discerning buyers seeking a well-located, updated multifamily asset in a thriving New York City neighborhood. The building consists of one structure and is situated in New York County, NY, 10022.