B6 Real Estate Advisors has listed 303 – 305 E. 93rd St., two contiguous four-story multifamily walkup buildings in the Yorktown section of Manhattan’s Upper East Side. The firm’s Thomas Gammino and Patrick Donahue have the listing, for which ownership is requesting proposals.
The 14,850-square-foot property, which will be delivered nearly vacant, is a candidate for sub rehabilitation in a flourishing rental market and offers the opportunity for further development with available air rights, says B6. The ownership, OHI Asset (NY) 2nd Avenue, LLC, has approximately 13,000 square feet of air rights available for purchase.
In all, the property contains 30 residential units evenly divided between 303 and 305 E. 93rd, with one ground-floor retail unit. 303 is currently vacant, while 305 has four occupied units.
The property is located near the Second Avenue retail and restaurant corridor and in one of the city’s most active rental markets.
Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 16-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 7-10 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces.
Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications.
Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).