328 East 89th Street is a collection of four well-maintained brownstones located on the Upper East Side, comprising a total of 40 units across approximately 35,000 square feet. The buildings, owned by the same family for three generations, feature a mix of six rent-stabilized and two rent-controlled units, with 328 East 89th being fully free-market. This high percentage of free-market units presents various investment opportunities, including the potential to lease up remaining vacancies or convert units into luxury condominiums or single-family homes.
The apartments within the building are characterized by spacious layouts, with many featuring high ceilings, hardwood floors, and generous closet space. Notable units include half-floor-through layouts that offer both Northern and Southern exposure, as well as renovated eat-in kitchens equipped with stainless steel appliances. Some apartments also provide the flexibility of a second bedroom or office space, making them suitable for a variety of living arrangements.
Residents benefit from the building's proximity to the new Second Avenue subway line, enhancing accessibility to the rest of Manhattan. The area is also rich in amenities, with Whole Foods, Fairway Market, and a vibrant selection of shopping and nightlife options just a short distance away. This combination of location, well-maintained units, and investment potential makes 328 East 89th Street a noteworthy option for both homeowners and investors alike.