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In Contract

53 East 77th Street

$26,000,000 ($1,793 per ft2) | 6+ beds | Approx. 14,500 ft2
Building Profile  | 
430 days on Market

Townhouse Facts

  • Year Built: 1900
    Minimum Down: 20%
    Total Floors: 6
    Listed: Oct 18, 2023
    Days on Market: 430
    Building Type: Townhouse
    Neighborhood: Park/Fifth Ave. to 79th St. (Manhattan)
    Listing viewed 162 times
Monthly Real Estate Taxes: $33,111
Total Taxes & Fees: $33,111 ($2.28/ft2)
Est. Monthly Mortgage: $138,104
Total Est. Monthly Carrying Cost: $171,215 ($11.81/ft2)
Note: the above is based on a down payment of 20% ($5,200,000), which is the minimum amount permitted by the building.

Insider Highlights

  • Prime Location: This spacious property is located in the prestigious Park/Fifth Ave. to 79th St. neighborhood, right off Madison Avenue, across from The Carlyle and The Mark Hotel, offering a prime location for a variety of uses.
  • Versatile Usage: The property is commercially zoned, making it suitable for a variety of uses including a school, private club, office, diplomatic residence, institution, and retail mixed building. It can also be used as a grand residence, art gallery, foundation, or headquarters.
  • Potential for Conversion: With over 14,500 square feet of space and more than 6 bedrooms, this property has the potential for conversion into a grand mansion.
  • Historic Charm: Built in 1900, this historic building adds a touch of charm and character to any venture.
  • Ample Amenities: The building amenities include a garden, rooftop terrace, and an elevator. The property also has windows on the north, south, and west, providing ample natural light.
  • Renovation Potential: The building has great bones and proportions, indicating its potential for renovation and customization.

Description

Trophy Building: Ideal Grand Residence, Art Gallery, Foundation, or Headquarters

53 East 77th Street has gone through many permutations as a single-family mansion, Funk and Wagnall’s library, Cello restaurant, a recording studio, and currently is used to market museum-quality furniture. The building has great bones and proportions with windows on the north, south, and west. Phenomenal location, as it is right off Madison Avenue across from The Carlyle and The Mark Hotel.

The property is commercially zoned and ideal for an art gallery, school, private club, office, diplomatic residence, institution, and retail mixed building with residential space above office/commercial floors.

A buyer could convert this 14,500 sq ft+ building into a grand mansion.

Co-Exclusive.

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Building Amenities

  • Garden
  • Rooftop Terrace
  • Elevator
Listing courtesy of Brown Harris Stevens Residential Sales LLC

Pricing History

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Area info for 53 East 77th Street

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Subways

  1. 6
at Lexington Ave 0.17 miles
  1. 4
  2. 5
at Lexington Ave 0.48 miles

Pricing comparison

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