Investors Only! Tenant in place through October two thousand twenty-seven. Current cap rate three point eight percent.

All showings by appointment with twenty-four hour advance notice.

The Opportunity
A rare opportunity to acquire a fully renovated, income-producing luxury condominium in one of Manhattan's premier white-glove buildings. 120 East eighty-seventh Street, Unit R14F is being offered with a high-quality tenant in place through October two thousand twenty-seven, delivering immediate cash flow with no leasing risk or vacancy exposure.
Currently generating an approximate three point eight percent cap rate, the investment offers both stability and built-in growth. The existing lease steps to ten thousand seven hundred fifty dollars per month in November two thousand twenty-six, with current market rents for similar residences achieving approximately eleven thousand five hundred dollars per month, presenting additional upside at renewal. This is a turnkey acquisition with income from day one, a near-term increase already secured, and future appreciation potential.

The Apartment
Meticulously renovated to an uncompromising standard, this two-bedroom, two-bathroom home , and exceptional natural light throughout.

The expansive living and entertaining space is defined by , recessed lighting, and bespoke custom finishes. < br>< br>The< strong > open chef's kitchen is thoughtfully designed with < strong>Bosch stainless steel appliances , a five-burner gas range , Caesarstone countertops , a Kraus deep sink , custom floor-to-ceiling cabinetry , and a striking blue agate quartz backsplash with integrated LED lighting.< br >< br >The offers generous proportions , a large walk-in closet , and a spa-quality en-suite bath with premium fixtures , designer tilework , a soaking tub with shower , and a washer/dryer . The is well-scaled with custom built-ins and access to a fully renovated second bathroom finished to the same high standard .< br >< br>A leads to an approximately400-square-foot upper-level bonus space , ideal for a home office , media room , or flexible use ,with additional storage throughout (not included in the stated square footage).< br >< strong >< br>The Building
Located withinone of the Upper East Side's most sought-after full-service condominiums,residents enjoy comprehensive suite of luxury amenities including indoor swimming pool,fully equipped gym,yoga room,and children's playroom.< br />< strong >< br />The Location
Set in heart of<[number]#Contact us today for tour of this exceptional property.#