162 east 83rd street

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ESTATE SALE UPPER EAST SIDE ELEVATORED TOWNHOUSE

162 EAST 83RD STREET New York, NY 10021 PROPERTY INFORMATION LOCATION:

Located on the south side of 83rd Street between Third and Lexington Avenue.

BLOCK / LOT:

1511/144

LOT DIMENSIONS:

18.42’ x 122.33’

(SF Irr. Approx.)

LOT AREA:

2,260

(SF Irr. Approx.)

BUILDING SIZE GROUND FLOOR:

18.5’ x 33’ SF =

575

(SF Irr. Approx.)

SECOND FLOOR:

18.5’ x 72’ SF = 1,290

(SF Irr. Approx.)

THIRD FLOOR;

18.5’ x 48’ SF =

915

(SF Irr. Approx.)

FOURTH FLOOR:

18.5’ x 48’ SF =

915

(SF Irr. Approx.)

FIFTH FLOOR:

18.5’ x 48’ SF =

915

(SF Irr. Approx.)

BUILDING INFORMATION GROSS SQUARE FOOTAGE:

4,610

STORIES:

5

NUMBER OF UNITS:

2 Duplexes

ZONING / FAR:

R8B/4.0

BUILDABLE SQUARE FOOTAGE:

9,040

EXISTING SQUARE FOOTAGE:

4,610

(SF Irr. Approx.)

DEVELOPMENT RIGHTS:

4,430

(Subj. to Sliver Law) (SF Irr. Approx.)

DELIVERED VACANT:

Yes

HISTORIC DISTRICT/LANDMARK:

No

TAX ASSESMENT (14/15): REAL ESTATE TAXES (14/15):

$237,888

(SF Irr. Approx.)

(SF Irr. Approx.)

$45,653

PROPERTY DESCRIPTION:

R EDU CED P RI CE : $8, 9 0 0 ,00 0

$8,200,000

Ma s s e y K n a k a l Re a l t y Se r v i c e s h a s b e e n re t a i n e d o n a n e xc l u s i ve b a s i s t o a r r a n g e t h e Sa l e o f 1 6 2 E a s t 8 3 rd St re e t l o c a t e d o n t h e s o u t h s i d e o f E a s t 8 3 rd St re e t b e t we e n T h i rd a n d L e x i n g t o n Ave n u e . T h i s e l e va t o re d t ow n h o u s e i s c o n f i g u re d a s t w o d u p l e x u n i t s , o f w h i c h , o n e o c c u p i e s t h e 2 n d a n d 3 rd f l o o r s a n d i s a p p rox i m a t e l y 2 , 2 0 5 s q u a re f e e t , w h i l e t h e o t h e r u n i t o c c u p i e s t h e 4 t h a n d 5 t h f l o o r, a n d i s a p p rox i m a t e l y 1 , 8 3 0 s q u a re f e e t . Bu i l d i n g s t o r a g e a n d m e c h a n i c a l s a re l o c a t e d o n t h e g ro u n d f l o o r a s t h e re i s n o e x i s t i n g b a s e m e n t . T h e p ro p e r t y r u n s o n g a s , c o n t a i n s o p e r a t i o n a l f i re p l a c e s a n d h a s c e n t r a l a i r i n e a c h o f t h e d u p l e xe s . T h e l o t d e p t h i s a n a m a z i n g 1 2 2 ’ w h i l e t h e b u i l d i n g i s b u i l t o n l y 7 2 ’ o n t h e s e c o n d f l o o r, s e t b a c k t o 3 3 ’ o n t h e g ro u n d f l o o r, a n d b u i l t 4 8 ’ o n f l o o r s 3 - 5 . T h e t ow n h o u s e i s n o t L a n d m a rk e d n o r l o c a t e d i n a Hi s t o r i c Di s t r i c t g i v i n g a p ro s p e c t i ve p u rc h a s e r t h e u n i q u e o p p o r t u n i t y t o u s e t h e re m a i n i n g a p p rox i m a t e l y 4 , 4 3 0 s q u a re f e e t o f d e ve l o p m e n t r i g h t s t o a d d o n t o t h e b a c k o f t h e p ro p e r t y a n d / o r i n c re a s e t h e h e i g h t . Pl e a s e re f e r t o p a g e 1 5 o f o u r m a rk e t i n g b ro c h u re f o r a c o m p l e t e a n d p ro f e s s i o n a l zo n i n g s t u d y. T h e p ro p e r t y w i l l b e d e l i ve re d va c a n t , a n d p rov i d e s a u n i q u e o p p o r t u n i t y f o r a n i n ve s t o r, d e ve l o p e r, o r u s e r t o ow n a r a re t ow n h o u s e w i t h s o m u c h u p s i d e p o t e n t i a l i n o n e o f t h e m o s t s o u g h t a f t e r re s i d e n t i a l n e i g h b o r h o o d s i n t h e c o u n t r y.

For further information or inspection, please contact Exclusive Agents:

Robert Knakal

Chairman [email protected] 212.696.2500 x7777

Thomas Gammino

Senior Vice President of Sales [email protected] 212.696.2500 x7727

Jonathan Hageman

Sales Team Manager [email protected] 212.696.2500 x7773

Brett Weisblum

Associate Director of Sales [email protected] 212.696.2500 x7784

Louis Marchetta

Associate [email protected] 212.696.2500 x5143

The information contained herein has either been given to us by the owner of the property or obtained from sources that we deem reliable. We have no reason to doubt its accuracy but we do not guarantee it. All zoning, buildable footages and uses must be independently verified. Vacancy factors used herein are an arbitrary percentage used only as an example. It does not necessarily relate to actual vacancy, if any. The value of this investment is dependent upon these estimates and assumptions made above, as well as the investment income, the tax bracket, and other factors which your tax advisor and/or legal counsel should evaluate. THE PROSPECTIVE BUYER SHOULD CAREFULLY VERIFY EACH ITEM OF INCOME, AND ALL OTHER INFORMATION HEREIN.

275 Madison Avenue • Third Floor • New York, NY 10016 • 212.696.2500 • Fax 212.696.0333 www.masseyknakal.com THE BRONX BROOKLYN MANHATTAN NASSAU NEW JERSEY  QUEENS STATEN ISLAND WESTCHESTER

ESTATE SALE UPPER EAST SIDE ELEVATORED TOWNHOUSE

162 EAST 83RD STREET New York, NY 10021

For further information or inspection, please contact Exclusive Agents:

Robert Knakal

Chairman [email protected] 212.696.2500 x7777

Thomas Gammino

Senior Vice President of Sales [email protected] 212.696.2500 x7727

Jonathan Hageman

Sales Team Manager [email protected] 212.696.2500 x7773

Brett Weisblum

Associate Director of Sales [email protected] 212.696.2500 x7784

Louis Marchetta

Associate [email protected] 212.696.2500 x5143

The information contained herein has either been given to us by the owner of the property or obtained from sources that we deem reliable. We have no reason to doubt its accuracy but we do not guarantee it. All zoning, buildable footages and uses must be independently verified. Vacancy factors used herein are an arbitrary percentage used only as an example. It does not necessarily relate to actual vacancy, if any. The value of this investment is dependent upon these estimates and assumptions made above, as well as the investment income, the tax bracket, and other factors which your tax advisor and/or legal counsel should evaluate. THE PROSPECTIVE BUYER SHOULD CAREFULLY VERIFY EACH ITEM OF INCOME, AND ALL OTHER INFORMATION HEREIN.

275 Madison Avenue • Third Floor • New York, NY 10016 • 212.696.2500 • Fax 212.696.0333 www.masseyknakal.com THE BRONX BROOKLYN MANHATTAN NASSAU NEW JERSEY  QUEENS STATEN ISLAND WESTCHESTER