97 LEE AVENUE

Boutique living redefined in the heart of the Beaches. This iconic address boasts 6 multi-story lofts and 4 exquisite suites (10 large suites in total), following a significant two-year building restoration program (2021-25). With millions invested, over 65% of the property's square footage has been meticulously upgraded to luxury standards. All remodeled suites immediately captured significantly higher rents, proving that investment case to continue with luxury renovation plans as tenants churn. Tenants desire large multi-level lofts, complete privacy, luxury renos, with surface parking and no elevators! Nestled on a spacious 75x125 ft lot, the building showcases 11,000 sq ft of living space, complemented by 10 surface parking spots, 10 personal storage lockers, and various alfresco areas. With a blend of contemporary luxury, timeless exposed brick and beam, elegant hardwood floors, and abundant natural light, steps to Kew Gardens, the boardwalk, Financial District and More. Suites 1,3,4,8,6,10 were completely remodeled to luxury status (2021/25). Suite 10s renovation and restoration are complete, making it the newest finished unit. (id:67197)

Price

$8,449,000

Property Type

Multi-family

Transaction Type

For sale

Bathrooms

11

Parking

10

MLS® Number

E13780830

Interior Size

11232 sqft

Building Type

Multi-Family

Bathrooms

11

Cooling

Fully air conditioned

Fireplace

No

Heating

Baseboard heaters

Interior Size

11232 sqft

Water

Municipal water

Size Frontage

75 ft

Size Depth

125 ft

Acreage

No

Sewer

Storm sewer

Amenities Nearby

Public Transit, Recreation

• Public Transit
• Recreation