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518 East 83rd St., New York, NY 10028

$8,700,000
Active Listing
Listing Details:
$8,700,000 Price
Single-Family Townhouse Property Type
Yorkville Neighborhood
20 Beds
21 Baths
-- Approx. Sq. Ft.
$10,226 RET
Key Features:
Prewar
Allows Pets
Description:

Welcome to 518 East 83rd Street .

This 5-story rental building features 20 units for rent with a basement office(can use as another one bed room). The building contains 1 two-bedroom unit that connects to a large outdoor space, 18 one-bedrooms and 1 studio apartment. New boiler just installed and have enough space to build laundry room in basement.

This walk-up building has potential for building upwards with air rights of approximately 7,000 - 8,000 square feet. With occupancy currently at 100% - the cap rate is at 3.4% and potential for increasing the projected cap of 5.1% by April 2023. 19 units are free market and 1 unit is stabilized.

This building is located near shoppings and Gracie Square.

518 East 83rd Street

Listing courtesy of The Corcoran Group

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