$6,400,000
Updated 11 years ago
Sold

317 East 53rd Street

Sutton Place, Manhattan | Second Ave & First Ave

3,400 Square FeetMixed Use

$6,400,000
floors / apts3 / 4
Lot Size19'17"x100'45"
Built Size19'17"x100'45"
ZoneR8B &
Building TypeTownhouse
RE Taxes$55,032
Price Per SF
$1,882

Outdoor space and views

  • Porch

Building Amenities

  • Voice Intercom
  • Second Entry
  • Stoop Entry

Property Description for 317 East 53rd Street

Mix-Use Building for Sale. Unique Opportunity to develop a high end single family town-home that could sell over $1,800 a square feet. Unobstructed exposure from the North, South and West. Option also to keep it as a commercial mix use with commercial retail rents getting $130 to $160 a sq-ft and build on top luxury condo's or add high end rentals. Many options to create a great income stream or resale. Building is vacant. With 7,700 Gross square feet of build-able space and land selling north of 6 million in midtown east, very few development finds in the area..... Ground floor 19 x 100 deep, 2nd and 3rd floor 19 x 50 feet approximately. Plenty of space to extend those floors and also build up.

Property is a short walking distance from Manhattan office core, United Nations and the neighborhood's most popular restaurants. Within 200' of the property there are three prominent condominium towers under construction. These developments are selling over $2,000 a square foot and continue to transform the neighborhood. Brand new on the market.

Building Details for 317 East 53rd Street

OwnershipMixed Use
Building TypeTownhouse
Service LevelVoice Intercom
AgePre-War
AccessWalk-up
Year Built1900
Floors/Apts3/4
Learn More About the Building

Transit and Citi Bike

Subway

Lexington Av/53 St
0.16 miles
51 St
0.3 miles
59 St
0.42 miles
Lexington Av/59 St
0.42 miles

Railroad

Grand CentralLong Island Rail Road
0.49 miles

Citi Bike

E 55 St & 2 Ave
0.1 miles
E 54 St & 1 Ave
0.11 miles

Contact Agent

Contact Agent

Licensed As
Gordon Sokich
Broker
License#:
10491201144
Company:
Luxor Homes & Investment Realty, LLC
Gordon Sokich
Luxor Homes & Investment Realty, LLC

Sutton Place | Manhattan

Quick Profile

Sutton Place is usually described with favorable words like charming, cozy, great neighborhood, hidden gem, sanctuary, or even small village inside a big city. Those descriptions aren’t from real estate folks either, they’re from the people that live and work there, so it must be true.

The quiet and upscale neighborhood is more like an enclave. It’s bounded by East 53rd Street to the south, East 59th Street to the North, First Avenue to the west, and the East River to the east. Most residents will tell you that everything you’ll ever need is located in the neighborhood. When it’s time to venture out into the cityscape, Sutton Place is within easy reach to Midtown and cultural attractions like the Museum of Modern Art, Rockefeller Center, Central Park and other iconic sites.   

Manhattan has always had notable celebrity residents. But for unknown reasons, Sutton Place has had more than its share of superstars over the years. Some of the more iconic celebs include: Marilyn Monroe and Arthur Miller, Freddie Mercury, Sigourney Weaver, Joan Crawford, Michael Jackson and sister Latoya (Just for one summer).

Sutton Place is named after Effingham B. Sutton, a shipping merchant and entrepreneur. After hitting it big in the California gold rush, Sutton built brownstones along East 57th and East 58th streets with aspirations of making the section more residential. Poverty and crime dashed his dreams. The street gangs that hung out along the dead-ends and cul-de-sacs added to the neighborhood’s decay. Sutton was about to give up on his development endeavors but the Vanderbilt’s and the Morgan’s showed up in the 1920s and transformed the neighborhood. It soon became a wealthy enclave.

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.
OLR ID: 59616TH