Upper East Side Value-Add Potential | 20 Apartments

For Sale

518 E 83rd St, New York, NY 10028

This New York property for sale is located at 518 E 83rd St. The current listed sale price for Upper East Side Value-Add Potential | 20 Apartments is $8,000,000. Upper East Side Value-Add Potential | 20 Apartments is situated on a lot that is 0.06 acre in size.

Contacts

Lev Mavashev

Alpha Realty

Daniel Aminov

Alpha Realty

Property Details

  • Property Type Multi-Family
  • Property Size 8,120 SF
  • Units 20
  • Lot Size 0.06 Acre
  • Cap Rate % 6.6
  • # of Floors 5
  • Year Built 1910
  • Date Updated Aug 10, 2026

  • Scalable Residential Mix: A substantial 20-unit building providing the density required for efficient management and diversified income.

  • 95% Free-Market Status: Nearly entirely exempt from rent regulation, offering ownership absolute control over lease terms, renovations, and market-rate adjustments.

  • Significant Rental Upside: Current rents are trending approximately 15–20% below market rates, providing a clear and immediate path to increased NOI through mark-to-market renewals or cosmetic upgrades.

  • Lifestyle & Connectivity Hub: Surrounded by Michelin-starred dining, elite boutiques, and lush parks, with seamless proximity to major transit lines for effortless citywide access.

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Getting around

  • 96/100

    Walk Score ®

  • 100/100

    Transit Score ®

  • 80/100

    Bike Score ®

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Location

  • City New York, NY
  • Neighborhood Yorkville
  • Zip Code 10028
  • Market Manhattan

Points of Interest

  • 83rd Street & 2nd Avenue at Northeast Corner

    0.33 miles

  • 86th Street & 2nd Avenue at Southeast Corner

    0.37 miles

  • 86th Street & 2nd Avenue at Northeast Corner

    0.37 miles

  • East 86th Street & Lexington Avenue at Southeast Corner

    0.59 miles

  • East 86th Street & Lexington Avenue at Northeast Corner

    0.59 miles

  • East 86th Street & Lexington Avenue at Southwest Corner

    0.60 miles

  • East 86th Street & Lexington Avenue at Northwest Corner

    0.62 miles

  • East 77th Street & Lexington Avenue at Northeast Corner

    0.63 miles

  • East 77th Street & Lexington Avenue at Southeast Corner

    0.64 miles

  • 72nd Street & 2nd Avenue at Northwest Corner

    0.64 miles

  • plugNYC

    0.25 miles

  • ChargePoint

    0.35 miles

  • Shell

    0.69 miles

  • Mobil

    1.02 miles

  • Citgo

    1.09 miles

  • BP

    1.11 miles

  • Atlantic

    1.25 miles

  • Lukoil

    1.41 miles

  • Sunoco

    1.48 miles

  • FLO

    1.72 miles

  • Surrey Garage

    0.30 miles

  • Motorgate Public Parking Garage

    0.58 miles

  • Knickerbocker Plaza Car Park

    0.59 miles

  • Quik Park

    0.62 miles

  • Astor Terrace Parking Garage

    0.67 miles

  • iClean

    0.72 miles

  • Metropolitan Museum

    0.90 miles

  • MPG

    1.03 miles

  • Mount Sinai

    1.07 miles

  • Loeb Boathouse Parking Lot

    1.08 miles

  • Courtyard

    0.48 miles

  • Ronald McDonald House New York

    0.51 miles

  • The Franklin

    0.55 miles

  • The Carlyle

    0.80 miles

  • The Mark

    0.83 miles

  • The Surrey

    0.86 miles

  • Super 8

    0.87 miles

  • House ZAZA

    0.91 miles

  • Baymont

    1.01 miles

  • The Gardens Sonesta ES Suites

    1.02 miles

  • D'Agostino

    0.17 miles

  • Gristedes

    0.22 miles

  • Morton Williams

    0.22 miles

  • Agatha & Valentina

    0.28 miles

  • C-Town

    0.40 miles

  • Fairway Market

    0.41 miles

  • Prime Gourmet Market

    0.50 miles

  • Whole Foods Market

    0.52 miles

  • Target

    0.55 miles

  • Nordstrom

    0.67 miles

Contact Upper East Side Value-Add Potential | 20 Apartments
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