For Sale
$5,888,888

524 82Nd St New York, NY 10028

4-Unit Multifamily Investment

Overview

Added:
Dec 11, 2024
Days on market:
127
This stunning five-story, four-unit brownstone, located at 524 E 82nd St, New York, NY 10028, presents a unique investment opportunity. Built in 1920 and fully renovated in 2017, this 5,985 square foot property offers a compelling blend of classic charm and modern luxury. The building features a spacious owner's duplex with private garden access, and three additional luxury floor-through apartments, all currently operating at market rate. Conveniently situated near Carl Schurz Park and the East Side Esplanade, this property benefits from its proximity to upscale dining, shopping, and the Second Avenue Q line. The 19-foot-wide lot offers potential for expansion via available air rights, making it an attractive proposition for both owner-users and investors seeking a high-return asset in a prime Upper East Side location. The asking price is $5,888,888, with a price per unit of $1,575,000. This exceptional property represents a rare opportunity to acquire a meticulously maintained, high-value asset in one of Manhattan's most desirable neighborhoods. The building's strong rental income stream, combined with its potential for future development, makes it an ideal investment for discerning buyers.

Highlights

  • $5,888,888 asking price for a four-unit apartment building.
  • Multifamily investment opportunity in a prime Upper East Side location.
  • Four units, including an owner's duplex and three luxury floor-through apartments.
  • 5,985 square feet, five stories, built in 1920, fully renovated in 2017.
  • $1,575,000 per unit price.

Property Details for 524 82Nd St

Property type
Apartment buildings
Square Feet
5,985 SF
Year Built/Renovated
1920/2017
Buildings
1
Stories
5
Units
4

Location Insight

City
New York
County
New York
State
New York
Latitude
40.7726501
Longitude
-73.9478876
524 82Nd St, New York, New York

FAQs

What type of property is this?
Apartment building - 4-Unit Multifamily Investment
Where is the apartment building located?
The property is located at 524 82Nd St New York, NY.
What is the asking price?
The asking price for this property is $5,888,888.
What are key features of this property?
This property features: $5,888,888 asking price for a four-unit apartment building.; Multifamily investment opportunity in a prime Upper East Side location.; Four units, including an owner's duplex and three luxury floor-through apartments.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
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524 82Nd St
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