37 East 83rd Street
Description
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:...*City of Yes Rezoning now allows for full use of the 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.
Additional renderings are coming soon. Please note, all renderings are for illustrative purposes only.
Amenities
- Walk Up
- Laundry in Building
- Voice Intercom
- Midrise
Property Details for 37 East 83rd Street
| Status | Sold |
|---|---|
| Days on Market | 333 |
| Taxes | $7,844 / month |
| Maintenance | - |
| Min. Down Pymt | - |
| Total Rooms | 15.0 |
| Compass Type | Multi Family |
| MLS Type | - |
| Year Built | 1920 |
| Lot Size | 1,839 SF / 18' x 102' |
| County | New York County |
| Buyer's Agent Compensation | 2.5% |
Building
37 E 83rd St
Location
Building Information for 37 East 83rd Street
Payment Calculator
$46,835 per month
30 year fixed, 6.15% Interest
$38,991
$7,844
$0
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1Property History for 37 East 83rd Street
| Date | Event & Source | Price |
|---|---|---|
| 07/11/2025 | Sold Manual | $8,000,000 |
| 05/13/2025 | Contract Signed Manual | — |
| 11/14/2024 | Price Change Manual | $6,950,000 |
| 09/03/2024 | Price Change Manual | $7,495,000 |
| 06/14/2024 | Listed (Active) Manual | $8,395,000 |
| 01/02/2018 | $9,750,000 | |
| 08/02/2017 | $9,750,000 |
For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Schools near 37 East 83rd Street
Rating | School | Type | Grades | Distance |
|---|---|---|---|---|
| Public - | PK to 5 | |||
| Public - | 6 to 8 | |||
| Public - | 6 to 8 | |||
| Public - | 6 to 8 |
Rating | School | Distance |
|---|---|---|
P.S. 6 Lillie D Blake PublicPK to 5 | ||
Nyc Lab Ms For Collaborative Studies Public6 to 8 | ||
Lower Manhattan Community Middle School Public6 to 8 | ||
Jhs 167 Robert F Wagner Public6 to 8 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
Neighborhood Map and Transit
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This 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. The source of the displayed data is either the property owner or public record provided by non-governmental third parties. It is believed to be reliable but not guaranteed. This information is provided exclusively for consumers’ personal, non-commercial use. The data relating to real estate for sale on this website comes in part from the IDX Program of OneKey® MLS. Information Copyright 2026, OneKey® MLS. All data is deemed reliable but is not guaranteed accurate by Compass. See Terms of Service for additional restrictions. Compass · Tel: 212-913-9058 · New York, NY 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 information is not guaranteed, should be independently verified and may not reflect all real estate activity in the market. Offers of compensation set forth here are for other RLSParticipants only and may not reflect other agreements between a consumer and their broker.©2026 The Real Estate Board of New York, Inc., All rights reserved.