339 E 82nd Street, New York City, NY 10028

339 East 82nd is a 21-ft wide townhouse with 8 vacant units and endless possibilities. For the investor, this building is almost ready to go—six units in great condition with only two of which that need renovations to rent. The 2nd and 4th floors have soaring ceilings and the front units are bathed in light. The backyard is huge –21×34 feet—with trees and plants and open sky views. It’s a great investment opportunity on a beautiful tree-lined block with a just-finished, new construction building right next door with units all sold at upwards of $2300psf. Interior square footage is currently at 4,630 with a FAR of 4, giving 8,568 allowable sq. ft. So you can either add floors or create square footage in the backyard. Zoning is R8B.

Conversely, this house is primed and ready to be turned into an epic single-family home. In a location wedged between all of the best schools in the city, this huge home can be the perfect solution if you need the space but don’t want to leave the city. There is ample room for an elevator and the 12-ft ceilings on the 2nd floor would make a stunning and grand sitting room. The possibility of SEVEN bedrooms (yes, 7!) with plenty of room in the backyard for a swing set and hot tub. It’s your house and your rules- make it what you want!

The house is located off of 2nd Avenue, a few blocks from 5th Avenue and a few blocks from East End and Carl Schurz Park. In addition, some of the hottest new store openings in the city are right here. The newest La Pecora Bianca, Anita Gelato, the always-fun Penrose and most importantly, the Metropolitan Museum of Art just 5 blocks away. This neighborhood is popping right now and so is its real estate.