37 E 83rd St, New York, NY 10028

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 from Compass 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 as-of-right. 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. Please note, all renderings are for illustrative purposes only.