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Multifamily

226 East 83rd Street

226 E 83rd St, New York, NY 10028

Listing Price: $13,000,000

Cap Rate
4.20%
Number of Units
31
Price/Unit
$419,355
Price/Gross SF
$731.45
Gross SF
17,773

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.

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.

Exclusively Listed By

  • Joe Koicim

    Licensed Associate Real Estate Broker

    (212) 430-5147

    Email Joe

    License(s): NY: 10311201039, NY: 10301208718

    Manhattan

  • Logan Markley

    Licensed Real Estate Salesperson

    (212) 430-5194

    Email Logan

    License(s): NY: 10401268674

    Manhattan

  • Peter Von Der Ahe

    Licensed Associate Real Estate Broker

    (212) 430-5114

    Email Peter

    License(s): NY: 10301209838, NY: 31VO0942643

    Manhattan

Financing By

Multifamily

226 East 83rd Street

Listing Price: $13,000,000

Cap Rate
4.20%
Number of Units
31
Price/Unit
$419,355
Price/Gross SF
$731.45
Gross SF
17,773

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.

Exclusively Listed By

  • Joe Koicim

    Licensed Associate Real Estate Broker

    (212) 430-5147

    Email Joe

    License(s): NY: 10311201039, NY: 10301208718

    Manhattan

  • Logan Markley

    Licensed Real Estate Salesperson

    (212) 430-5194

    Email Logan

    License(s): NY: 10401268674

    Manhattan

  • Peter Von Der Ahe

    Licensed Associate Real Estate Broker

    (212) 430-5114

    Email Peter

    License(s): NY: 10301209838, NY: 31VO0942643

    Manhattan

Financing By

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