37 E 83rd St New York City, NY 10028
Property details
About 37 E 83rd St
**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.
Highlights
Summary
- MLS Number: RLS10969952
- MLS Name: RLS
- Office Name: Compass
- Office Phone: (212) 913-9058
- Office Email: daniel.marrello@compass.com
- Listing Agent: Jason Haber
- Agent Phone: (212) 203-9561
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Last updated on: 1/31/2025, 11:20:56 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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$6,950,000
37 E 83rd St
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Price information
Property sales
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Nearby schools
9
P.S. 6 Lillie D. Blake School
Public District KG-5
0.1 mi
•45 E 81st St Frnt 1
9
P.S. 290 Manhattan New School
Public District KG-5
0.5 mi
•311 E 82nd St
8
P.S. 527 East Side School For Social Action
Public District KG-2
0.6 mi
•323 E 91st St
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $531,708. Typical income of New York City, NY residents is $200k+ annually. The most common type of family is single, no kids. The most common level of education of people living in this area is post secondary degree.
How much money do the neighbors make?
What level of education do the neighbors have?
What types of families live nearby?
Are the neighbors home owners or renters?
How old are people in this area?
What do the neighbors do for fun?
Live Theatre
Art Museums
Hiking/backpacking
Where do the neighbors shop?
Bloomingdales
Crate & Barrel
H&M
Where do the neighbors go to eat?
Boston Market
Starbucks
Chipotle
What do the neighbors drive?
Mercedes
Audi
BMW
What do the neighbors listen to?
News
Alternative- Rhythmic Contemporary Hits
Frequently asked questions
About 37 E 83rd St
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.
In December 2024, from all listings sold in New York City, NY there were more than 215 sold above asking price, over 736 sold below and more than 870 were sold right at the asked price. Between November and December 2024, New York City, NY real estate market has seen decrease in the number of listings by 8.6%. In December 2024 median list price was $853,573 and the average listing age was 72 days.