Milton Coste

Licensed Real Estate Associate Broker

(917) 416-7433

SOLD FOR $4,750,000

· Closed April 3, 2017

183 Ave B
Closed For Sale Multi Family

$4,750,000

183 Ave B

East Village, Manhattan

183 Avenue B

MLS® #RLS10057392

RLS at REBNY

Listing by The Corcoran Group

Studio

Bedroom

0

Bath

N/A

Sq. Ft.

1910

Year Built

Quick Summary

Bedrooms Studio
Bathrooms 0
Year Built 1910
Neighborhood East Village

Property Highlights

  • Style: Prewar architecture
  • Character: Pre-war building (1910)

Property Details

Type Multi Family
Baths null Full
Pets Yes
Cross Street 11 ST & 12 ST
Year Built 1910
Architectural Style Prewar
Parcel # 0394-0005
Block/Lot 394/5

Listing History

Event Date Price Change
Listed Jan 9, 2017 $4,750,000 -
Currently Apr 27, 2026 $4,750,000 -

Description

Acquire a classic East Village, mixed-use building, with unbelievably low taxes of $4029 annually. The building features six income producing studio apartments over a vacant retail store ready for immediate occupancy, a large garden, and substantial build-able air rights. The residential portion is fully occupied, providing income from day one, with all tenants on one-year 'free-market' leases. The retail component is in the heart of the East Village and a short walk from densely populated Stuyvesant town. For a user it's exceptional - the store will be delivered vacant, allowing for immediate operation. 183 Avenue B has the potential to be almost doubled in size with 3400 SF of additional build-able air rights and no landmark restrictions, making it an ideal live/work opportunity. Gut renovated four years ago, this is a clean, solid investment asset, with room to grow. Financials: Income: $199,500 Expenses: $22,994 NOI: $176,506 Cap Rate: 3.7%

Building Information

The East Village remains New York’s epicenter of counter-culture and artistic expression. Known for its active street life, community gardens, and legendary music venues, the neighborhood offers an energy unlike any other. The real estate market is characterized by historic tenement-style cooperatives, historic low-rise walk-ups, and a growing selection of modern boutique condominiums that offer luxury amenities in Downtown Manhattan.

East Village Live Market Data

View Neighborhood

Active Listings

97

Median Asking Price

$1.29M

Median $/Sqft

$1,761

Avg Days on Market

N/A

New This Week

7

Price Reduced

25%

Sold (30 Days)

4

Median Sale Price

$1.41M

Live data from RLS at REBNY • Updated 4/26/26, 10:05 PM EST

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Location

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183 Ave B, East Village, New York County • Near 11 ST & 12 ST

Floor Plans

Floor Plan
Floor Plan

Building Information

Official NYC property records for this building

2025
Year Built
1 years old
12
Residential Units
R7A
Zoning District
Elevator Apartments

Tax & Assessment

Assessed Value: $615,600
Land Value: $429,750
Exemptions: $0

Note: Individual unit taxes may differ. Verify current tax bills with NYC DOF.

Lot Area: 1,779 SF
Building Area: 10,509 SF
Built FAR: 5.91
Allowed FAR: 4

Source: NYC PLUTO (Primary Land Use Tax Lot Output), NYC Department of City Planning (data.cityofnewyork.us)

Want help estimating ownership costs or understanding building compliance? Let's discuss

Frequently Asked Questions

Common questions about this property

According to MLS records, the building was constructed in 1910, making it approximately 116 years old.

Pets are permitted at this property. Contact the listing broker for weight limits or breed restrictions.

To schedule a private showing, contact Milton Coste at (917) 416-7433 or mcoste@kwnyc.com. Per REBNY guidelines effective 2025, a Buyer Representation Agreement is required before a buyer's broker can show you properties. You may attend open houses independently without one.

Have a question not answered here?

(917) 416-7433
MLS® ID: RLS10057392
First Listed: 1/9/2017
Closed: 4/3/2017
Contract Date: 1/9/2017

Listing Courtesy of The Corcoran Group - Greg Mire

Listing Contact: (917) 232-4458

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. ©2026 The Real Estate Board of New York, Inc., all rights reserved. This advertisement does not suggest that the broker has a listing in this property or properties or that any property is currently available.

Broker Commission Disclosure: Broker commissions are not set by law and are fully negotiable.

Buyer Notice: Planning to work with a buyer's broker? A Buyer Representation Agreement is required before your broker can show you properties, per REBNY/UCBA guidelines (effective 2025). You may attend open houses independently without one.

RLS at REBNY

RLS Data display by Keller Williams NYC. Data last updated on 4/27/2026 at 2:05 AM UTC

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