The Reel

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530 and 534 East 88th Street are two adjacent five story plus basement elevatored apartment buildings featuring 150’ of combined frontage on the south side of East 88th Street between York Avenue and East End Avenue. In total, the properties contain approximately 57,000 gross square feet and feature a total of seventy-three (73) residential units.

Additionally, six of the vacant units on the ground floor are currently constructed as the former sales office for the adjacent 170 East End Avenue condominium. The rent stabilized and rent controlled units are renting at an approximate average of only $14.68 and $9.85 per net square foot respectively with the total blended rent per square foot for all the units at only $28.57 approximately. These rent levels clearly are representative of the tremendous upside potential in these under market units.

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Neighborhoods: Upper East Side