Last updated on Apr 3, 2026

518 East 83rd Street

Overview of 518 East 83rd Street

518 East 83rd Street is a five-story rental building located in the heart of Yorkville, Manhattan, featuring 20 units, including 18 one-bedroom apartments, 1 two-bedroom unit, and 1 studio. The building is characterized by its quiet tree-lined street and proximity to both Central Park and Carl Schurz Park, providing residents with access to some of the city's most desirable outdoor spaces. The building has recently installed a new boiler and has potential for expansion with air rights of approximately 7,000 to 8,000 square feet, making it an attractive investment opportunity with a current cap rate of 3.4% and potential for growth to 5.1% by April 2023. The apartments at 518 East 83rd Street offer a variety of layouts, with many units featuring high ceilings, ample living spaces, and modern amenities. Notable features include fully furnished options, renovated kitchens and bathrooms, and bright exposures that enhance the living experience. The building is pet-friendly and provides easy access to public transportation, with the Q train at 86th Street and the 4, 5, and 6 trains nearby, ensuring seamless travel throughout Manhattan and beyond. Residents can enjoy the convenience of nearby shopping and dining options, as well as the tranquility of the surrounding parks. The building's mix of charm and modern updates makes it a desirable location for both long-term residents and those seeking short-term rentals. With its well-maintained units and prime location, 518 East 83rd Street stands out as a noteworthy option in the competitive New York City rental market.

Doorman

None

Type

Rental

Year Built

1910

Apartments

20 (view all units)

Floors

Neighborhood

Yorkville (Manhattan)

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Pre War

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RLS IDX Data display by CityRealty.com, LLC. This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. ©2026 The Real Estate Board of New York, Inc., All rights reserved. IDX information is provided exclusively for consumers’ personal, non-commercial use and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer and for no listing shall the number of bedrooms listed be considered a legal conclusion.

All closed sales data has been provided by the New York City Department of Finance via the Automated City Register Information System (ACRIS). No warranty or representation is made as to the accuracy of any data provided by ACRIS or any other sources.

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An equal housing opportunity

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518 East 83rd Street

Overview of 518 East 83rd Street

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