Marcus & Millichap - Tri Borough Multi-Family

529 East 83rd Street

529 East 83rd Street
, Manhattan

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Price: $6,000,000
Building Size: 9,190 Square Feet
Property Type: Multi Family
Exclusive Listing Team:
Matt Fotis
Tel: (212) 430-5206
Matthew(dotted)Fotis(at)marcusmillichap(dotted)com
INVESTMENT OVERVIEW:

Marcus & Millichap is pleased to offer 529 East 83rd Street, located between York Avenue and East End Avenue in the Upper East Side section of Manhattan. The subject property is a five-story residential building that consists of 15 residential units. The property is built 25 feet by 84 feet and sits on a 25-foot by 102.17-foot lot with approximately 9,190 gross square feet. Under the current zoning there are approximately 1,031 square feet of developable air rights. The property is zoned R8B (Block: 1580, Lot: 10)

This property offers investors the opportunity to capitalize on the most desirable residential markets in Manhattan, which is traditionally known for the strongest medical neighborhood in the country and a large population of high net worth individuals and professionals.

This location will benefit tremendously from the Second Avenue subway and all the new developments occurring on the Upper East Side.