49 E 74th Street, New York City, NY 10021

• 9 beds |
• 10 baths |
• 7,783 sqft

Property Description

49 East 74 Street is a gut renovated 9-unit, five-story Elevator townhouse between Madison Avenue and Park Avenue with 8 one-bedroom apartments and a ground floor through unit with garden patio. All apartments are 100% free market and are fully tenanted with a 1% vacancy rate. Building is approximately 7,800 sq ft. built 20’ x 86’ on a 102-foot lot. 49 East 74 Street was gut renovated in 2006 and features an Elevator, communal furnished roof deck, deep high-ceilinged cellar with individual tenant storage closets, and a large laundry room with 3 washers and dryers. All apartments have individual thermostats for heat and air conditioning with compressors on the roof. The building’s gas lines were replaced throughout from the street in 2021 with the addition of new mechanicals for heating and hot water. All apartment kitchens are electric for cooking and have been meticulously renovated after each tenant turnover. This property features a unique opportunity for investors seeking a turn-key, fully leased property in a AAA location or convert to Single Family, as all leases are short-term. With its amenities and attractive rent basis, ownership has enjoyed extremely quick turnover when an apartment becomes available. 49 East 74 Street offers potential investors an opportunity to capitalize on future rent upside in a beautifully renovated property in the middle of sought-after Lenox Hill. Please contact the agent for listing set up.

Listing Status:

Active

Date Added:

April 24, 2025

Data Last Updated:

May 20, 2026 at 7:19AM

Listing Office:

Compass : (212) 913-9058

Listing Agent:

Timothy E Desmond : (646) 263-4061

MLS ID:

RLS20018797

Interior

• Laundry: Common On FloorCommon Area
• A/C: None
• Heating: None
• Fireplace: Fireplaces: 0

Exterior

• General: Building Roof Deck

Construction

• General: 5

Location

• HOA Amenities: 0.0Monthly
• Originating MLS: RLS_REBNY
• County: New York

Lot

• Zoning: 1389-0031

Financial

• Source: RLS_REBNY