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421 East 82nd Street
Upper East Side, NYC
$6,595,000 Price
17 Bedrooms   17.3 Baths
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421 East 82nd Street, Upper East Side, NYC

Exclusive Offering: 421 East 82nd Street - Prime Yorkville Mixed-Use Investment with Significant Upside Potential Presented by The Gelbard-Kolbusz Team at Corcoran The Gelbard-Kolbusz Team at Corcoran is pleased to exclusively present 421 East 82nd Street, a rare and exceptional 20-unit...

Exclusive Offering: 421 East 82nd Street - Prime Yorkville Mixed-Use Investment with Significant Upside Potential Presented by The Gelbard-Kolbusz Team at Corcoran The Gelbard-Kolbusz Team at Corcoran is pleased to exclusively present 421 East 82nd Street, a rare and exceptional 20-unit mixed-use property located in the heart of Yorkville on Manhattan's Upper East Side. Offered for the first time in over 30 years and held by the same family for generations, this five-story asset represents a unique opportunity for investors seeking both stable in-place income and substantial value-add potential in one of New York City's most established residential enclaves. The building is 25ft x 62ft on a 25ft x 102.17ft lot comprising of approximately 9,450 square feet in a R8B zoned district with 2,196 additional FAR (as per PropertyShark ) and features a versatile and investor-friendly unit mix: Three (3) commercial units at the cellar level, two of which benefit from shared backyard space Five (5) studio apartments located on the first and second floors Twelve (12) one-bedroom apartments distributed from the first through fifth floors Of the 17 residential units, 16 are free market (94%), offering exceptional flexibility and income potential. With just one rent-stabilized unit and one currently vacant free market unit, the Property allows for immediate leasing upside while preserving long-term repositioning strategies. The building will be delivered occupied, subject to existing leases and current rent roll. Situated on the north side of East 82nd Street, between 1st Avenue and York Avenue, the Property is steps from neighborhood landmarks including Carl Schurz Park and John Jay Park . Transit access is superb, with close proximity to the 4, 5, 6, and Q subway lines, as well as multiple MTA bus routes, ensuring seamless connectivity throughout Manhattan. 421 East 82nd Street offers investors a diverse range of upside strategies including renovating and repositioning select residential units to achieve higher rents, enhancing common areas and building systems to increase long-term value, reconfiguring or upgrading commercial spaces to attract higher-yield tenants, or capitalizing on the property's high percentage of free market units for rent growth. Whether you're seeking a turnkey cash-flowing asset or a long-term redevelopment play, this well-located and historically stable property delivers a compelling investment profile in one of New York's most resilient and desirable neighborhoods.

Courtesy of Corcoran Group

Floorplan for 421 East 82nd Street

Floorplan for 421 East 82nd Street

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* All information furnished regarding property for sale, rental, financing or estimated mortgage rates is from sources deemed reliable but no warranty or representation is made as to the accuracy thereof. For further financing information, please contact a Brown Harris Stevens agent.

Listing Details

New Listing
Upper East Side, NYC
Type: Townhouse
Price: $6,595,000
Re Tax: $83,028
Date Listed: 6/18/2025
Web ID: 1117703356

Info & Amenities

Type: Mixed Use
Rooms: 32.0
Bedrooms: 17
Full Bathrooms: 17
Half Bathrooms: 3
Woodburning fireplaces: 1
Built: 1910
Pets allowed: Yes

Map of Area for 421 East 82ND Street

Get to Know Upper East Side

The Upper East Side is a prestigious residential neighborhood in Manhattan known for its historic charm, tree-lined streets, and cultural attractions. It encompasses the Museum Mile, featuring renowned institutions like the Metropolitan Museum of Art and the Guggenheim Museum. The area exudes an elegant and sophisticated atmosphere, attracting families, professionals, and art enthusiasts.

More About Upper East Side

Neighborhood Guide to Upper East Side

This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. ©2025 The Real Estate Board of New York, Inc., All rights reserved.

All information is from sources deemed reliable but is subject to errors, omissions, changes in price, prior sale or withdrawal without notice. No representation is made as to the accuracy of any description. All measurements and square footages are approximate and all descriptive information should be confirmed by customer. All rights to content, photographs and graphics are reserved to Brown Harris Stevens. Customer should consult with its counsel regarding all closing and tax costs. Broker represents the seller/owner on Broker's own exclusives, except if another agent of Broker represents the buyer/tenant, in which case Broker will be a dual agent, in Connecticut, or , in New York State and New Jersey, a dual agent with designated or disclosed agents representing seller/owner and buyer/tenant. Broker represents the buyer/tenant when showing the exclusives of other real estate firms. In Florida, Broker acts as a Transaction Broker with all sellers and buyers, unless a different form of agency has been established in writing. If you are looking to purchase or rent housing, are using a screen reader, and are having problems using this website, please call 1-212-712-1163 for assistance. All phone charges will be reimbursed by Brown Harris Stevens. Broker actively supports Fair Housing and Equal Housing Opportunities. BHS has adopted the attached policy statement - Prior to showing a homebuyer a property or providing services: (1) BHS does not require identification from a prospective homebuyer, (2) BHS may require a written agreement from a homebuyer before showing properties; and (3) BHS does not require a pre-approval for a mortgage loan in order to show a homebuyer properties. However, based upon the requirements of the seller, the building in which the properties is located, or others, some or all of the foregoing items may be required. Listing information for certain New York City properties provided courtesy of the Real Estate Board of New York's Residential Listing Service (the "RLS"). The information contained in this listing has not been verified by the RLS and should be verified by the consumer. The listing information provided here is for the consumer's personal, non-commercial use. Retransmission, redistribution or copying of this listing information is strictly prohibited except in connection with a consumer's consideration of the purchase and/or sale of an individual property. This listing information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. 2025 The Real Estate Board of New York, Inc., all rights reserved. RLS Data display by Brown Harris Stevens. Powered by Terra Holdings.