514 E 81st St
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514 E 81st St
15 Unit Apartment Building $3,350,000 ($223,333/Unit) 4.30% Cap Rate New York, NY 10028
Investment Highlights
- Nine free market apartments.
- Prime upper east side property location.
- Multi generation owner for past 80 years.
Executive Summary
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.
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.
Property Facts
| Price | $3,350,000 | Apartment Style | Mid Rise |
| Price Per Unit | $223,333 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.06 AC |
| Cap Rate | 4.30% | Building Size | 9,630 SF |
| No. Units | 15 | No. Stories | 5 |
| Property Type | Multifamily | Year Built/Renovated | 1920/1967 |
| Property Subtype | Apartment |
| Price | $3,350,000 |
| Price Per Unit | $223,333 |
| Sale Type | Investment |
| Cap Rate | 4.30% |
| No. Units | 15 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid Rise |
| Building Class | C |
| Lot Size | 0.06 AC |
| Building Size | 9,630 SF |
| No. Stories | 5 |
| Year Built/Renovated | 1920/1967 |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 5 | - | 642 |
| 2+1 | 10 | - | 906 |
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Walk Score ®
Walker's Paradise (96)
Transit Score ®
Rider's Paradise (100)
Bike Score ®
Very Bikeable (81)
PROPERTY TAXES
| Parcel Number | 1577-0043 | Improvements Assessment | $645,750 |
| Land Assessment | $147,150 | Total Assessment | $792,900 |
PROPERTY TAXES
Parcel Number
1577-0043
Land Assessment
$147,150
Improvements Assessment
$645,750
Total Assessment
$792,900
zoning
| Zoning Code | R8B |
| R8B |
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514 E 81st St
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