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453 East 83rd Street - Availability Details

453 East 83rd Street, New York, NY 10028

  • For Sale $5,000,000
  • City New York
  • Neighborhood Yorkville
  • Zip Code 10028
  • Market Manhattan
  • Property Type Multi-Family
  • Property Size 6,915 Sqft
  • Lot Size 0.05 Acre
  • Year Built 1920
  • Year Renovated 1958
  • Date Updated 10 Jun, 2021
On the north side of East 83rd Street between 1st and York Avenues.
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Contacts

broker

DJ Johnston

B6 REAL ESTATE ADVISORS

(646) 933-2619

Highlights

  • 8 units, 5 vacant (1 free market, 4 rent stabilized) and 3 occupied (1 free market, 2 rent stabilized).
  • Property has potential as a future substantial rehabilitation project, a new residential development or as part of a development site assemblage.
  • Recent condo sales on the Upper East Side have averaged more than $1,800 per square foot. At that level, a condo conversion for this building would sellout in excess of $10,000,000.
  • Tax Class 2B – annual property tax increases capped.
  • Located steps from York Avenue, a popular residential neighborhood lined with restaurants, cafes, bars and an array of everyday service providers.
  • Location benefits from convenient transportation to Midtown, Manhattan and the city via the Q and 4, 5, 6 trains, access to the FDR and the 59th Street Bridge, excellent local schools, hospitals and healthcare facilities, and countless shopping, dining, recreation and entertainment options.
  • Includes approximately 6,760 SF of unused development rights.*

Attachments

Contact Listing Broker

broker

DJ Johnston

B6 REAL ESTATE ADVISORS

(646) 933-2619

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