$4,700,000
Updated 8 years ago
Off Market

328 East 74th Street

Upper East Side, Manhattan | First Ave & Second Ave

6,875 Square FeetRental Property

$4,700,000
floors / apts5 / 18
Lot Size25'x102'1"
Building TypeLow-Rise
RE Taxes$63,434
Price Per SF
$684

Listing Features

  • Spiral Staircase

Outdoor space and views

  • Courtyard
  • Townhouse Views

Building Amenities

  • Voice Intercom
  • Backyard
  • Laundry Room

Property Description for 328 East 74th Street

Property Description: Five story walk-up apartment building totaling 6,875 sq. ft., containing 18 residential apartments. For Sale: The property was converted to cooperative ownership in 1988. 328 East 74th Street Owners Corp, a cooperative housing corporation, acquired the land and building in a tax free exchange. Of the 18 apartments, one is occupied by a former shareholder with a life estate arrangement, the remainders of the units are rented to third parties by the seller, an investment group comprised of J.D. and Maria Coutinho. Of the 18 units, 4 are duplex one bedrooms (apartments LC, 1A, 4A and 4D) and the remainder are studios, two of which are loft studios—Units 4B &4C, with the life estate tenant residing in a five room unit with exclusive backyard access (LB). The annual income from these 18 apartments totals $367,000. Refer to enclosed rent roll for additional information on the investor held units. For more information please email Inna at [email protected].

Building Details for 328 East 74th Street

OwnershipRental Property
Building TypeLow-Rise
Service LevelVoice Intercom
AgePre-War
AccessWalk-up
Year Built1910
Floors/Apts5/18
Learn More About the Building

Transit and Citi Bike

Subway

72 St
0.11 miles
77 St
0.32 miles
68 St-Hunter College
0.39 miles

Citi Bike

E 74 St & 1 Ave
0.11 miles
E 75 St & 3 Ave
0.11 miles

Contact Agent

Contact Agent

Charles Coutinho
Coutinho Properties

Upper East Side | Manhattan

Quick Profile

Exuding a cosmopolitan, refined air that is reminiscent of Paris or other European cities, the Upper East Side (the UES, to local cognoscenti) has a reputation as being a bastion of wealth and privilege. Even though it was built by American “royalty” families like the Vanderbilts, Roosevelts, Kennedys, Carnegies and Rockefellers, whose elaborate mansions once anchored Fifth Avenue, there are affordable housing options throughout the neighborhood. The further east you move, away from Central Park and the more commercial avenues, the more likely you are to find quiet, tree-lined streets with historic townhouses and brownstones. Keep your eye out for reasonably priced apartments in pre-war low-rise and even a few high-rise buildings.

With abundant, beautifully landscaped green spaces, including the oasis of Central Park acting like a backyard, the area is quiet and lushly green. You can relax and unwind in John Jay Park, Carl Schurz Park or take a stroll along the East River Promenade. The whole neighborhood seems isolated from the workaday chaos of the city at large. Add to that the history of the neighborhood and the abundance of cultural institutions, and you have a uniquely welcoming neighborhood.

Known for its abundance of high-end retail shopping, especially on Madison Avenue, the Upper East Side is host to the Barneys New York flagship department store. Here you can find upscale goods, fashion and home decor items. You will also find the edgy runway-inspired Alexander McQueen collections. If you are dying to treat your feet to red-soled opulence, be sure to visit the Christian Louboutin boutique. These are only a small sampling of this high-end shopper’s paradise that features everything from designer boutiques that offer the ultimate in haute couture to resale shops where you can find last season’s best on sale at hefty discounts .

There are many unique dining experiences, from fine dining to the casual bite-on-the-go, awaiting you in the UES. Sushi is going through a renaissance in the city, and the best omakase-style sushi can be found at Sasabune on E 73rd Street. Omakase sushi means that you leave the choice of ingredients, preparation method and presentation to the chef. Elegant French cuisine can be experienced at JoJo, E 64th Street, housed in gorgeous townhouse. Just for fun, visit the Lexington Candy Shop on Lexington Avenue, to get a taste of an old-fashioned soda fountain.

All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer.
OLR ID: 43095TH