This exclusive off-market multifamily investment offers the opportunity to acquire a boutique residential asset in Manhattan's prestigious Upper East Side. Located in the highly sought-after Lenox Hill neighborhood, the property combines stable occupancy with exceptional long-term appreciation potential in one of the world's most supply-constrained residential markets.
Positioned at 1290 First Avenue, the approximately five-story residential building benefits from an outstanding location surrounded by luxury residential developments, premier retail, renowned restaurants, and internationally recognised medical institutions including NewYork-Presbyterian Hospital, Weill Cornell Medical Center, Memorial Sloan Kettering Cancer Center and the Hospital for Special Surgery. Excellent public transportation and proximity to Central Park further enhance the property's long-term appeal to residents and investors alike.
The Upper East Side continues to experience strong rental demand supported by the healthcare, finance, technology and professional services sectors. High barriers to entry, limited development opportunities and continued international investment make this an attractive acquisition for family offices, institutional investors, private equity groups and long-term buy-and-hold buyers seeking wealth preservation and capital appreciation.
Additional information is available to qualified purchasers upon execution of the required confidentiality agreement.
