$8,000,000
SOLD JUL 11, 2025
20 Beds
10 Baths
18,900 Sq Ft
1920 Built

Sale Details

Date Sold: July 11, 2025

$423 Per Sq Ft

5% Below List Price

333 Days on Market

Highlights

  • No HOA
  • Laundry Facilities
  • 3-minute walk to Ancient Playground
  • P.S. 6 Lillie D. Blake Rated A
  • No Heating

About This Home

As of July 2025

**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.

Last Agent to Sell the Property

Jason Haber

Compass License #10301205227 Listed on: 06/14/2024

Compass

Co-Listed By

Brandon Major

Compass License #10401252640

Last Buyer's Agent

Michael Biryla

The Agency Brokerage License #10401267013

The Agency Brokerage

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $94,116

Year Built

  • Built in 1920

Lot Details

  • Lot Dimensions are 18.000000x102.170000

Home Design

  • 18,900 Sq Ft Home
  • Entry on the 1st floor

Bedrooms and Bathrooms

  • 20 Bedrooms
  • 10 Full Bathrooms

Utilities

  • No Cooling
  • No Heating

Listing and Financial Details

  • Tax Block 01495

Community Details

Overview

  • No Home Owners Association
  • 9 Units
  • Upper East Side Subdivision
  • 5-Story Property

Amenities

  • Laundry Facilities

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$94,116

Year Built

Built in 1920

Lot Details

0 Sq Ft Lot

Listing Details

  • Property SubType: Multi Family
  • Property Type: Residential
  • Neighborhood: Upper East Side
  • Architectural Style: Walk-Up
  • Entry Level: 1
  • Structure Type: Townhouse
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 5

Interior Features

  • Fireplace: No
  • Living Area: 18900.0
  • Living Area Units: Square Feet

Beds/Baths

  • Full Bathrooms: 10
  • Bathrooms Integer: 10
  • Bedrooms: 20

Exterior Features

  • View: No

Garage/Parking

  • Garage: No
  • Attached Garage: No

Utilities

  • Laundry Features: Common On Floor, Common Area
  • Cooling: No
  • Heating: No

Condo/Co-op/Association

  • Common Charge/Maintenance Fee Frequency: Monthly
  • Association: No
  • Common Interest: None

Lot Info

  • Lot Size Units: Square Feet
  • Lot Size Dimensions: 18.000000x102.170000

Building Info

  • New Construction: No
  • Units: 9
  • Total Stories: 5
  • Year Built: 1920

Rental Info

  • Furnished: Unfurnished

Tax Info

  • Tax Block: 01495
  • Tax Lot: 0000
  • Tax Annual: 94116.0

Multi Family

  • Building Area Units: Square Feet

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/11/2025 07/11/25 Sold $8,000,000 +15.1% $423 / Sq Ft
05/14/2025 05/14/25 Pending -- -- --
11/14/2024 11/14/24 Price Changed $6,950,000 -7.3% $368 / Sq Ft
09/03/2024 09/03/24 Price Changed $7,495,000 -10.7% $397 / Sq Ft
06/14/2024 06/14/24 For Sale $8,395,000 -- $444 / Sq Ft
Source: Real Estate Board of New York (REBNY)

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2026 $104,885 $839,085 $160,715 $678,370
2025 $97,132 $839,081 $188,255 $650,826
2024 $97,132 $776,928 $472,500 $567,755
2023 $92,352 $752,853 $218,188 $534,665
2022 $85,288 $1,358,550 $472,500 $886,050
2021 $85,511 $1,598,400 $472,500 $1,125,900
2020 $80,507 $1,679,400 $472,500 $1,206,900
2019 $75,080 $1,724,400 $472,500 $1,251,900
2018 $75,717 $597,637 $182,101 $415,536
2017 $73,439 $579,114 $199,563 $379,551
2016 $68,825 $536,217 $203,848 $332,369
2015 $36,846 $496,498 $206,219 $290,279
2014 $36,846 $459,721 $206,993 $252,728
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Real Estate Board of New York (REBNY)

MLS Number: RLS10969952

Real Estate Board of New York (REBNY)

APN: 01495-0023

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