514 E 81st St - Apartments FOR SALE


New York, NY 10028- Upper East Side
$3,350,000 USD
516-510-5661
514 E 81st St, New York, NY for Sale
$3,350,000 USD
Apartments - FOR SALE
1/9
null | 4.3% Cap Rate

514 E 81st St
New York, NY 10028
Upper East Side


HIGHLIGHTS

  • Nine free market apartments.
  • Multi generation owner for past 80 years.
  • Prime upper east side property location.

OVERVIEW

Citadel is pleased to bring to market a 15 Unit Multifamily with 9 Free Market Apartments. This asset has been in the family for 4 Generations over 80 years. Currently there are no violations with 100% Rent Collections. The Upside of the Property stems from the Free Market Apartments that have below Market Rents. Each apartment has 2 bedrooms & 1 bath with an eat in kitchen. Located in the Upper East Side submarket of Yorkville between East End Avenue & York Avenue. Q Train is within 5 minutes walking distance on 83rd Street & 2nd Avenue. This is a long term Investment for a savvy Investor.

FOR SALE DETAILS

PRICE

$3,350,000 USD

PRICE/SF

$348 USD /SF

# OF UNITS

15

PRICE/UNIT

$223,333

CAP RATE

4.3%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

5

YEAR BUILT

1920

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.06 AC

LAND SF

2,548 SF

ZONING

R8B

APN/PARCEL ID

1577-0043

ASK ABOUT THIS PROPERTY

Richard ParsonsCitadel Realty Services, LLCMore Info
516-510-5661

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Richard ParsonsCitadel Realty Services, LLCMore Info
516-510-5661

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.