An exclusive off-market opportunity to acquire a boutique multifamily asset in Manhattan's prestigious Upper East Side. Located within the highly sought-after Lenox Hill neighbourhood, this fully occupied investment offers investors the opportunity to own a prime residential property in one of the world's most supply-constrained and resilient real estate markets.
The property is a boutique residential building positioned on First Avenue and surrounded by luxury residential developments, renowned medical institutions, premier retail destinations, and fine dining. The asset benefits from 100% occupancy and an in-place cap rate of approximately 6.0%, making it an attractive long-term investment with stable income and exceptional appreciation potential.
The Upper East Side continues to experience strong rental demand driven by healthcare, finance, technology, and professional employment sectors. Immediate access to NewYork-Presbyterian Hospital, Weill Cornell Medical Center, Memorial Sloan Kettering Cancer Center, Central Park, public transportation, and Manhattan's luxury retail corridors ensures consistent tenant demand and long-term value preservation.
This confidential off-market offering is ideally suited to family offices, institutional investors, private equity groups, and long-term buy-and-hold investors seeking a high-quality multifamily asset in one of New York City's premier investment locations. Additional information is available to qualified purchasers upon request.
