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Listing Courtesy of Compass
$ 6,950,000
Est. payment /mo
Active
37 E 83rd Street Manhattan, NY 10028
20 Beds
10 Baths
18,900 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Square Footage 18,900 sqft
Price per Sqft $367
Subdivision Upper East Side
MLS Listing ID RLS10969952
Style Walk-Up
Bedrooms 20
Full Baths 10
HOA Y/N Yes
Year Built 1920
Annual Tax Amount $94,116
Property Sub-Type Multi Family
Property Description
**CITY OF YES REZONING ALLOWS FOR FULL USE OF AIR RIGHTS***
Presenting a rare redevelopment opportunity at 37 East 83rd Street, a property with infinite potential, located on a picturesque tree-lined block just off Madison Avenue. This 5-story townhouse offers extraordinary opportunity for visionary buyers looking to capitalize on its vast air rights and flexible zoning.
Interested buyers can request a comprehensive redevelopment package, expertly prepared by Legeard Studio. This package includes: a detailed zoning analysis, feasibility study that outlines potential redevelopment options, execution-ready illustrative redevelopment budget & timeline, and renderings to help envision the true potential of this asset.
This property stands out as unique in the Upper East Side market, ideal for developers, investors and end-users seeking to maximize its potential. The non-landmarked status and significant air rights make it a prime candidate for redevelopment, whether the goal is to create monumental single family townhouse, rental building, condo development, mixed-use development, school, office, cultural institution, embassy or for a range of other uses.
Property Highlights:
Location: In the heart of the Upper East Side, one block from Central Park and the Metropolitan Museum of Art, and surrounded by the best of Madison Avenue.
Lot Size: The property boasts an expansive footprint that is 18' wide and 102' deep. It is currently built with approximately 5,760 square feet of interior living space.
Redevelopment Potential: With an additional 12,630 square feet of unused air rights, the total buildable space reaches up to approximately 18,390 square feet. The flexible mixed-use zoning allows for a wide array of possibilities.
Current Configuration: Currently configured as seven free-market residential units, including three one-bedroom apartments, one three-bedroom, one two-bedroom, and two studios.
Non-Landmarked: The property is non-landmarked, and in a multiple zoning district, providing even greater flexibility for redevelopment.
Delivery: The building can be delivered with the existing tenants or vacant.
Property tours and redevelopment consultations are available by appointment.
Please note all renderings are for illustrative purposes only and show the property as a multi-family and single family redevelopment, but other use cases are also permissible.
Presenting a rare redevelopment opportunity at 37 East 83rd Street, a property with infinite potential, located on a picturesque tree-lined block just off Madison Avenue. This 5-story townhouse offers extraordinary opportunity for visionary buyers looking to capitalize on its vast air rights and flexible zoning.
Interested buyers can request a comprehensive redevelopment package, expertly prepared by Legeard Studio. This package includes: a detailed zoning analysis, feasibility study that outlines potential redevelopment options, execution-ready illustrative redevelopment budget & timeline, and renderings to help envision the true potential of this asset.
This property stands out as unique in the Upper East Side market, ideal for developers, investors and end-users seeking to maximize its potential. The non-landmarked status and significant air rights make it a prime candidate for redevelopment, whether the goal is to create monumental single family townhouse, rental building, condo development, mixed-use development, school, office, cultural institution, embassy or for a range of other uses.
Property Highlights:
Location: In the heart of the Upper East Side, one block from Central Park and the Metropolitan Museum of Art, and surrounded by the best of Madison Avenue.
Lot Size: The property boasts an expansive footprint that is 18' wide and 102' deep. It is currently built with approximately 5,760 square feet of interior living space.
Redevelopment Potential: With an additional 12,630 square feet of unused air rights, the total buildable space reaches up to approximately 18,390 square feet. The flexible mixed-use zoning allows for a wide array of possibilities.
Current Configuration: Currently configured as seven free-market residential units, including three one-bedroom apartments, one three-bedroom, one two-bedroom, and two studios.
Non-Landmarked: The property is non-landmarked, and in a multiple zoning district, providing even greater flexibility for redevelopment.
Delivery: The building can be delivered with the existing tenants or vacant.
Property tours and redevelopment consultations are available by appointment.
Please note all renderings are for illustrative purposes only and show the property as a multi-family and single family redevelopment, but other use cases are also permissible.
Location
State NY
County New York
Interior
Furnishings Unfurnished
Fireplace No
Laundry Common On Floor, Common Area
Exterior
View Y/N No
Private Pool No
Building
Dwelling Type Townhouse
Story 5
New Construction No
Others
Pets Allowed Pets Allowed
Ownership None
Monthly Total Fees $7, 843
Pets Allowed Building Yes, Cats OK, Dogs OK
RLS Data display by Elegran | Forbes Global Properties
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