Three-Bedroom Co-op
219 E 83rd Street 2, Manhattan, NY 10028
For Sale
$1,795,000
A full-floor, second-level home features a separate office, in-unit laundry and a wood-burning fireplace.
Property Size1,700 SF
Price / SF$1,055
Days on Market158
Property Features for 219 E 83rd Street 2
General Information
Standard status
Size
Property subtype
Additional Details
Public Transit
Multifamily Units
Amenities
wood burning fireplace
in-unit washer/dryer
voice intercom system
Building Details
Building Size
Year Built
Listing Agency:
Sothebys International Realty
Listed By:
Sandra Rose Cohen
(917) 412-4918
Source:
Irynaferenets
Added: Jun 5
Changed: Nov 7
Last Checked: Nov 9 at 8:55AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Sothebys International Realty
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Investment Insights
Based on property information with market context.
This renovated 1,700-square-foot co-op occupies the full second floor of a townhouse built in 1920. The three-bedroom layout includes a dedicated office, two full bathrooms, a central kitchen, dining area and living room. Updated appliances include an induction cooktop and electric oven; the residence also has an in-unit washer and dryer, new windows and new air conditioning. A wood-burning fireplace, exposed brick and prewar details are among its interior features. Fifteen windows provide natural light, including four oversized south-facing windows in the living room.
The self-managed cooperative is at 219 East 83rd Street, two blocks from the 4, 5 and 6 trains and near the Q train. Financing of up to 80% is permitted. Pets require board approval.
The self-managed cooperative is at 219 East 83rd Street, two blocks from the 4, 5 and 6 trains and near the Q train. Financing of up to 80% is permitted. Pets require board approval.
Key Highlights
- 1,700 square feet across the full second floor
- Three bedrooms, a dedicated office and two full bathrooms
- 15 windows, including four oversized south‑facing windows in the living room
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$53,188
Cap Rate
2.96%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,063,760
$1.1M
Cap Rate 7%
$759,829
$759.8K
Cap Rate 9%
$590,978
$591.0K
Market Conditions
NOI Build-Up for 1,700 SF
Gross rent
$101.8K $59.88/SF
− Vacancy
−$5.1K −$2.99/SF
EGI
$96.7K $56.89/SF
− OpEx
−$43.5K −$25.60/SF
NOI
$53.2K $31.29/SF
Area
New York, NY
Vacancy
5.00%
Lease Rate
$59.88 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,063,760
Cap Rate 7%
$759,829
Cap Rate 9%
$590,978
Alternative Uses
Best Use
Apartment 5plus
$759.8K
$664.9K – $886.5K
NOI $53,188 @ 7.0% cap · market cap 2.96%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.19M
$1.04M – $1.39M
NOI $83,195 @ 7.0% cap · market cap 4.63%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
19,014
Businesses Nearby
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Business Placement
Demographics for 10028, NY
48,116
Population
29,535
Households
1.6
Avg Household Size
39
Median Age
83%
College-Educated
98%
High-School Grad
0.3 sq mi
ZIP Area
160,387
Density / Sq Mi
$168,125
Median Household Income
$116,860
Median Earnings
$2,702
Median Rent
$1,600,400
Median Home Value
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Market
Average Price Trend$/SF for Residential income properties in Manhattan, NY
Properties on Market for Residential income properties in Manhattan
Frequently Asked Questions
What type of property is this?
Residential income property - A full-floor, second-level home features a separate office, in-unit laundry and a wood-burning fireplace.
Where is this residential income property located?
The property is located at 219 E 83rd Street 2 Manhattan, NY.
What is the asking price?
The asking price for this property is $1,795,000.
What are key features of this property?
This property features: 1,700 square feet across the full second floor; Three bedrooms, a dedicated office and two full bathrooms; 15 windows, including four oversized south‑facing windows in the living room
