237-239 East 53rd
Street consists of two 27'2" wide adjacent mixed-use buildings, located on the
North side of East 53rd Street between Second and Third Avenue. Each property
consists of three retail units, while 237 East 53rd Street has 18 residential
units and 239 East 53rd Street has 17 residential units. Based on existing
rents, there is approximately 13% upside. It should be noted that the boiler is
shared by the neighboring buildings through an easement, and there exists an
agreement whereby 50% of the fuel bill is covered by the neighbors.
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Neighborhoods: Midtown East/ Agents: Clint Olsen