The Reel

Follow us:

A blog for breaking sales and neighborhood real estate news.

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.

Click here for listing details.

Neighborhoods: Midtown East