**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.
Property Details
Property Features
Property Information:
Architectural Style: Walk-Up
Year Built: 1920
Living Area: 18,900 SqFt
Listing Office:
Office Name: Compass
Office Phone: (212) 913-9058
Listing Agent: Jason Haber
Agent Phone: (212) 203-9561
Interior Features
Bedroom and Bathroom Information:
Full Bathrooms: 10
Total Bedroom Count: 20
Exterior Features
Parking Information:
Attached Garage: No
Price Information
Listing Price Info
Price Summary:
List Price: $6,950,000
Price Per SqFt: $368/SqFt
HOA Fees:
Amount: $0
Frequency: Monthly
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Listing information for certain New York City properties provided courtesy of the Real Estate Board ofNew York’s Residential Listing Service (the “RLS”). The information contained in this listing has not beenverified by the RLS and should be verified by the consumer. The listing information provided here is forthe 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. Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
This advertisement does not suggest that the broker has a listing in this property or properties or that any property is currently available. Last updated on: 12/22/2024, 8:20:55 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Property Sales & Tax
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Schools
Schools Nearby
The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.
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Nearby Schools
9
/10
P.S. 6 Lillie D. Blake School
45 E 81st St Frnt 1
Distance between this listing and this school0.09 miles
Public District Grades KG-5
9
/10
P.S. 290 Manhattan New School
311 E 82nd St
Distance between this listing and this school0.45 miles
Public District Grades KG-5
8
/10
P.S. 527 East Side School For Social Action
323 E 91st St
Distance between this listing and this school0.65 miles
Public District Grades KG-2
Nearby Schools
8
/10
J.H.S. 167 Robert F. Wagner School
220 E 76th St
Distance between this listing and this school0.49 miles
Public District Grades 6-8
9
/10
East Side Middle School
331 E 91st St
Distance between this listing and this school0.66 miles
Public District Grades 6-8
9
/10
Yorkville East Middle School
1458 York Ave
Distance between this listing and this school0.75 miles
Public District Grades 6-8
Nearby Schools
8
/10
Eleanor Roosevelt High School
411 E 76th St
Distance between this listing and this school0.69 miles
Public District Grades 9-12
4
/10
Life Sciences Secondary School
320 E 96th St
Distance between this listing and this school0.80 miles
Public District Grades 8-12
5
/10
Global Learning Collaborative (The)
145 W 84th St
Distance between this listing and this school0.88 miles
The neighbors living near this home have an average income of $531,708. The majority of New York, NY residents have income $200k+ annually. The majority of families are single, no kids. Residents of this area typically have post secondary degree education.
All data provided by Home Junction and Claritas
Frequently Asked Questions About 37 E 83rd St
What is the listing price of this property?
The listing price of 37 E 83rd St property is $6,950,000.
What type of property is this?
The property 37 E 83rd St is a townhouse located in New York City, New York, 10028.
Is this property for sale now?
Active Listing: 37 E 83rd St is For Sale (Active/New) which means the seller is accepting offers.
How many bedrooms and bathrooms does this property have?
The property at 37 E 83rd St has 20 bedrooms and 10 bathrooms.
What is the square footage of this property?
The property 37 E 83rd St is 18,900 SqFt (source: MLS/tax record).
Which year was this property built?
The year of construction for 37 E 83rd St is 1920.
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This home is located at 37 E 83rd St in New York City, NY and zip code 10028 in the Upper East Side neighborhood. This 18,900 square foot home was built in 1920. Features: 20 bedrooms, 10 bathrooms. It has been listed on Rocket Homes since June 14, 2024 and is currently priced at $6,950,000.
While more than 220 listings in New York, NY in November 2024 were sold above asking price, there were more than 769 listings sold at asking price, and more than 758 were sold below. Between October 2024 and November 2024, New York, NY real estate market has seen decrease in the number of listings by 7.2%. Listings spent 85 days on the market in November 2024, and had a median list price of $850,115 during the same period.
From Rocket Homes Real Estate and based on county public records data.
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