313 & 319 East 95th Street

JLL has been retained on an exclusive basis to arrange for the sale of 313 & 319 East 95th Street, two ~37’ wide, six-story walk-up buildings located on the north side of East 95th Street between First and Second Avenues in Manhattan’s Upper East Side. 313 East 95th Street comprises approximately 16,902 gross sf above grade with 28 residential units (1 studio, 9 one bedrooms, and 18 two-bedrooms) and 2 commercial spaces. 319 East 95th Street also contains approximately 16,902 gross sf above grade featuring 30 residential units (5 studios, 10 one bedrooms, 14 two-bedrooms, and 1 three-bedroom). Combined, the properties total 33,804 gross sf approximately with 58 residential apartments and 2 commercial units. Both properties feature similar infrastructure with central heating systems distributing steam via cast iron radiators, tenant-provided window air conditioning units, and individually metered electricity.

313 East 95th Street contains 28 residential apartments (85% free market). The building also includes two commercial spaces leased to My One and Only Dog Salon (leased through April 2029) and Creative Speech Therapy Clinic (leased through May 2027). 319 East 95th Street houses 30 residential apartments (63% free market). When comparing the average in-place rents with the fair market projections, 313-319 East 95th Street is renting below market. The average studios and one-bedrooms across the two buildings are renting for 25% and 33% below market, respectively. When looking at the blended average across all unit types, the two buildings are renting 30% below market, implying there is embedded upside to be captured by prospective investors.