Property Description for 214 East 35th Street
214 East 35th St is a well-maintained 4-story, four family townhouse located in the heart of Murray Hill on a lovely tree lined block. The exposed brick lobby is sure to charm. All units are occupied, with tenants paying nearly market rate rent, and can be delivered vacant. This property is not landmarked.
The building currently consists of a 2-bedroom 1-bath garden apartment, 2-bedroom 1-bath second floor apartment with 11-foot ceilings and decorative moldings and renovated kitchen, 2-bedroom 1-bath third floor apartment, and 1-bedroom 1-bath fourth floor apartment with skylights. All units are bright and have newly refinished hardwood floors, decorative fireplaces, and washer/dryer in each unit.
The building can serve in its current form as a free market floor-through apartment investment, can be converted back to a 9-unit SRO + 1 apartment occupancy to maximize cap rate, or can be converted into a luxurious single-family mansion.
214 East 35th St is located close to many gyms, bars and restaurants, as well as 3 blocks from Fairway Market and Trader Joes, and a close walk to the 4, 5, 6, and 7 trains.
