57 East 77th Street

Upper East Side   |   Madison Avenue & Park Avenue

Building for sale
$ 8,995,000
Ownership Income Property
Lot Size 18'8"x102'7"
Floors/Apts 4/5
Status Active
Real Estate Taxes [Per Annum] $ 135,606
Building Type Townhouse
ASF/ASM 6,000/557
Listing ID: 79420TH

Property Description

Own a prime piece of income producing property off Museum Mile on a storied Upper East Side Historic block. 57 East 77th Street is centered among some of the finest medical services, excellent schools, and public transportation – not to mention Central Park, elegant boutiques, and diverse restaurants. This renovated six story rental building offers numerous opportunities. Just East of Madison Avenue, on an architecturally significant block, this unique red brick building currently houses twelve income producing rental units. Photos include representative units. The building is 18.9' x 56' on a 18.9' x 102' lot.

Renovations in 2008 included refreshing the façade, showcasing its large windows, ironwork and stunning red brick. The residential units are made up of twelve occupied apartments (two studios, three two bedrooms, and seven one bedrooms). All the rear units, and the two penthouses have outdoor space. Ten are free market and two are stabilized. Kitchens and baths are renovated, and many units have exposed brick, hardwood floors, split a/c units, terraces, and soaring ceilings. Laundry room is in the basement, and the elegant hallways, roof and boiler are well maintained.

57 East 77th Street is on a storied block where some buildings date to the 19th Century. “Most of the block was built up in 1877, with rows of houses for moderately well to do,” wrote Christopher Gray in his 2004 ‘Streetscapes’ column in ‘The New York Times’. He notes the Beaux-Arts house next door where Robert Redford played a CIA employee in “Three Days of the Condor”. The neighborhood is anchored by nearby medical facilities such as Lenox Hill Hospital, Hospital for Special Surgery, New York Presbyterian Hospital, schools such as PS 6, PS 77 Lower Lab, Birch Wathen Lenox, Marymount, Regis, Hewitt, Allen-Stevenson, Brearley, Spence, Chapin, Dalton, Lycee Francais, Eleanor Roosevelt and many more. Area restaurants include Cafe Boulud, JoJo, Paola's, JG Melon, EJ's, Candle Cafe, Persepolis, Three Guys, Bluestone Lane at the Church of Heavenly Rest on Fifth Avenue, and much more. Museum Mile includes the Frick Collection, Metropolitan Museum of Art, Neue Galerie, The Met Breuer and the Guggenheim. Upper East Side Stores include: Bloomingdales, The Apple Store, Ralph Lauren, Citarella, Butterfield, Gristedes, and a myriad of shops and boutiques.

This boutique building on a prime Upper East Side block is well situated for conversion to live with income, condominium conversion, long-term hold with upgrades while maintaining solid income, and of course a modern single unit home. Please contact exclusive brokers for more information.
Own a prime piece of income producing property off Museum Mile on a storied Upper East Side Historic block. 57 East 77th Street is centered among some of the finest medical services, excellent schools, and public transportation – not to mention Central Park, elegant boutiques, and diverse restaurants. This renovated six story rental building offers numerous opportunities. Just East of Madison Avenue, on an architecturally significant block, this unique red brick building currently houses twelve income producing rental units. Photos include representative units. The building is 18.9' x 56' on a 18.9' x 102' lot.

Renovations in 2008 included refreshing the façade, showcasing its large windows, ironwork and stunning red brick. The residential units are made up of twelve occupied apartments (two studios, three two bedrooms, and seven one bedrooms). All the rear units, and the two penthouses have outdoor space. Ten are free market and two are stabilized. Kitchens and baths are renovated, and many units have exposed brick, hardwood floors, split a/c units, terraces, and soaring ceilings. Laundry room is in the basement, and the elegant hallways, roof and boiler are well maintained.

57 East 77th Street is on a storied block where some buildings date to the 19th Century. “Most of the block was built up in 1877, with rows of houses for moderately well to do,” wrote Christopher Gray in his 2004 ‘Streetscapes’ column in ‘The New York Times’. He notes the Beaux-Arts house next door where Robert Redford played a CIA employee in “Three Days of the Condor”. The neighborhood is anchored by nearby medical facilities such as Lenox Hill Hospital, Hospital for Special Surgery, New York Presbyterian Hospital, schools such as PS 6, PS 77 Lower Lab, Birch Wathen Lenox, Marymount, Regis, Hewitt, Allen-Stevenson, Brearley, Spence, Chapin, Dalton, Lycee Francais, Eleanor Roosevelt and many more. Area restaurants include Cafe Boulud, JoJo, Paola's, JG Melon, EJ's, Candle Cafe, Persepolis, Three Guys, Bluestone Lane at the Church of Heavenly Rest on Fifth Avenue, and much more. Museum Mile includes the Frick Collection, Metropolitan Museum of Art, Neue Galerie, The Met Breuer and the Guggenheim. Upper East Side Stores include: Bloomingdales, The Apple Store, Ralph Lauren, Citarella, Butterfield, Gristedes, and a myriad of shops and boutiques.

This boutique building on a prime Upper East Side block is well situated for conversion to live with income, condominium conversion, long-term hold with upgrades while maintaining solid income, and of course a modern single unit home. Please contact exclusive brokers for more information.

Listing Courtesy of The Corcoran Group

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Apartment Features

A/C
57 East 77th Street Upper East Side New York NY 10075

Building Details [57 East 77th Street]

Ownership Income Property
Service Level Voice Intercom
Access Walk-up
Block/Lot 1392/26
Zoning R6
Building Type Townhouse
Floors/Apts 4/5
Lot Size 18'8"x102'7"

Building Amenities

Laundry Rooms

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Loan Amount

Klara Madlin

License

Licensed Real Estate Broker


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All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer.