Multifamily
226 East 83rd Street
226 E 83rd St, New York, NY 10028
Listing Price: $13,000,000
Investment Overview
Marcus & Millichap is pleased to exclusively offer 226 East 83rd Street for sale, positioned on a pristine block on the highly sought-after Upper East Side. Located on the South side of 83rd Street between Second and Third Avenues, this 31-unit building is approximately 17,770 square feet. 226 East 83rd Street is built 42’ x 85’ situated on a 42.42’ x 102.17’ lot (Block: 1528 and Lot: 36). The property is zoned R8B and is Tax Class C7.
226 East 83rd Street
Investment Highlights
- Unit Mix: This property consists of 31 units, 27 of which are residential units and 3 that are commercial. Of the 27 residential units, there are 13 two-bedroom units and 15 one-bedroom units.
- Light Value Add: With roughly 75% of the units being free market, there is an immediate opportunity to reposition existing units to achieve higher rents.
- Economies of Scale: This opportunity will allow any purchaser to gain an immediate Upper East Side presence.
Listing Price: $13,000,000
Investment Highlights
- Unit Mix: This property consists of 31 units, 27 of which are residential units and 3 that are commercial. Of the 27 residential units, there are 13 two-bedroom units and 15 one-bedroom units.
- Light Value Add: With roughly 75% of the units being free market, there is an immediate opportunity to reposition existing units to achieve higher rents.
- Economies of Scale: This opportunity will allow any purchaser to gain an immediate Upper East Side presence.
Investment Overview
Marcus & Millichap is pleased to exclusively offer 226 East 83rd Street for sale, positioned on a pristine block on the highly sought-after Upper East Side. Located on the South side of 83rd Street between Second and Third Avenues, this 31-unit building is approximately 17,770 square feet. 226 East 83rd Street is built 42’ x 85’ situated on a 42.42’ x 102.17’ lot (Block: 1528 and Lot: 36). The property is zoned R8B and is Tax Class C7.
