524 E 82nd Street, New York, NY 10028

Description

Upper East Side Townhouse Elegance with Income-Generating Potential  

A rare opportunity to own a fully renovated, 20-foot wide, 4-family townhouse on a quiet, tree-lined block in the heart of the Upper East Side. Perfect for the discerning end-user who seeks the charm of townhouse living with the advantage of rental income, 524 East 82nd Street is an elegant blend of lifestyle and smart investment.  
With a total of 5,985 SF across five floors with a finished garden level, this sun-filled building has been fully modernized while maintaining its original charm. Whether you're looking to occupy the sprawling 4-bedroom, 2-bath owner's duplex and offset your costs with monthly rental income-or hold the entire building as a high-yield asset with a projected 4.77% CAP rate -this property delivers.  

The Owner's Duplex:
4 Beds 2 Baths Private Outdoor Oasis  
Gracing the parlor and garden levels, the owner's duplex is a sophisticated 4-bedroom, 2-bath residence that seamlessly marries historic charm with modern refinement. Soaring ceilings, oversized windows, and a decorative fireplace create an inviting ambiance, while the chef's kitchen -thoughtfully renovated with sleek stainless steel appliances-caters to both everyday living and effortless entertaining.  
Enjoy the convenience of an in-unit washer/dryer and the comfort of split-system heating and cooling throughout. Step outside to a lushly landscaped private patio , your own serene retreat in the city, with direct access to a fully finished garden level featuring a second kitchen, full bath, and private entrance-perfectly suited for a guest suite, home office, or additional living space tailored to your lifestyle.  
Interior SF (incl. Garden level): 2,394 SF  
Outdoor SF: 680 SF  

Residence 2:   
2 Beds 1 Bath   Full-Floor Layout In-Unit W/D  
Located on the second floor, this spacious 2-bedroom apartment features an intuitive layout with well-proportioned bedrooms large enough to accommodate king-sized beds and one features a huge walk-in cedar closet .  The generously sized living room includes two ceiling fans, ample space for a large sectional, and a full-sized dining table. The windowed eat-in kitchen offers full-sized stainless steel appliances, plentiful cabinetry, and countertop space, along with a dedicated area for a dining nook or home office setup.  
The recently renovated bathroom boasts excellent storage and clean, modern finishes. There is also in-unit washer/dryer.   

Residence 3:  
2 Beds + Study 1 Bath Full-Floor Charm with Modern Updates  
Located on the third floor (just two flights up), this full-floor residence blends classic brownstone character with thoughtful renovations. Featuring two spacious bedrooms plus a separate study , high ceilings , large windows, and original pre-war details throughout, such as decorative fireplaces, the apartment offers warmth and charm with modern conveniences.  
The kitchen and bathroom have been recently renovated, and the home includes stainless steel appliances , dishwasher , and in-unit washer/dryer.

Residence 4:  
3 Beds 1 Bath Full-Floor Unit with Skylights  
Perched on the top floor, this sun-drenched 3-bedroom home features multiple skylights, open views, and excellent light throughout the day. The layout offers great separation of space with three true bedrooms, a generous living/dining area, and a full-size kitchen with dishwasher, gas stove, and stainless steel appliances. In-unit washer/dryer completes the package.  
Investor Highlights  

• 4 free-market units , each with in-unit laundry and dishwashers  

• Units 2-4 are currently rented   

• Projected rents total $29,150/month  

• Low operating expenses: updated mechanicals, new water heaters (2022), and HVAC systems on all floors  

• Annual taxes: $58,015 Insurance est. $6,000 Utilities est. $5,000  

• Fully gut-renovated in 2017  

• Multiple skylights and original pre-war detailing   

• Gas cooking in all units  

• Solid rent roll with upside potential  

• Street parking, close to Carl Schurz Park, East River Esplanade, and Q/4/5/6 trains