Upper East Side multi-unit property offered for sale

JLL Capital Markets has been retained to arrange the sale of 322 East 90th St., a five-story walk-up apartment building located on Manhattan’s Upper East Side. The asking price is $7.85 million.

Located on the south side of East 90th Street, between 1st and 2nd Avenues, the building features 16 apartments, 10 of which are open market. The accommodations are configured as two studios, five one-bedroom apartments, eight two-bedroom apartments and one three-bedroom apartment. Most units have been recently remodeled and feature high-end finishes, including built-in washer/dryers, built-in Bose speaker systems, and latch locks.

A Butterfly virtual doorman system monitors access to the property, which is steps from the 86th Street subway station and a quick transfer into Midtown and Downtown Manhattan. Nestled between Carl Schurz Park to the east and Central Park to the west, 322 East 90th St. is also just steps from Ruppert Park.

A JLL team led by managing directors Hall Oster, Jonathan Hageman and Guthrie Garvin, vice president Teddy Galligan and partners Jack Norton, Jake Russell and Braedon Gait represent the seller.

“Given the property’s access to outdoor space and its superior condition compared to a comparable product in the submarket, 322 East 90th St. represents an attractive living option for young target rental professionals.” of the neighborhood,” Oster said.

“322 East 90th St. is poised to benefit from a post-COVID rent rebound and will appeal to investors looking for an easy-to-maintain building, primarily on the open market, with rising short-term rents. and long-term,” Hageman added.

JLL Capital Markets is a global, full-service provider of capital solutions for property investors and occupiers. The firm’s in-depth knowledge of the local market and global investors provides the best solutions for clients, whether it is investment sales advice, debt advice, equity advice or recapitalization. The firm has more than 3,000 capital markets specialists worldwide with offices in nearly 50 countries.

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