Updated 8 years ago
Off Market
323 East 53rd Street
Sutton Place, Manhattan | Second Ave & First Ave
16 Rooms8 Beds4 Baths9,800 Square FeetDevelopment Site
$8,900,000
floors / apts6 / 9
Lot Size20'x100'
Built Size20'x70'
ZoneR8B
Building TypeDevelopment Site
RE Taxes$42,431
Price Per SF
$908
Listing Features
- High Ceilings
- Moldings
- New Windows
- Central AC
- Central Heat
Outdoor space and views
- Garden
Building Amenities
- Full-Time Doorman
- Alarm System
- Elevator
- Fitness Facility
- Garden
- Resident Lounge
- Roof Deck
- Stoop Entry
- Storage
Property Description for 323 East 53rd Street
Attention Builders: Nest Seekers International has been retained on an exclusive basis to arrange for the sale of 323 East 53rd Street a 20’ wide new construction luxury Condo development project. All structural steel, concrete and metal framing is completed, as well as, and all rough mechanical, plumbing and HVAC work. The building will be delivered with the sheetrock 80% complete. Current plans have been fully approved by the Department of Buildings and construction is underway to build ten residences: six one bedroom/one bathroom homes and four one bedroom/one bathroom homes with private balconies. The project is less than 3 months from completion and presents an incredible opportunity for an investor, developer or user to acquire a nearly-completed condo development project with significant upside and conversion potential.
The boutique development was constructed with a traditional paneled limestone fac¸ade. Each of the beautifully appointed residences offer open layouts, floor-to-ceiling tilt-n-turn Kolbe windows, tray ceilings, central heating and cooling, and in-unit washer/dryer hookups. The homes are configured with open, chef’s kitchens and are prewired for central monitoring security system with a virtual doorman.
Through the gracious lobby, residents will be greeted by the buildings doorman and can enjoy building amenities such as a commercial sized elevator, package room, cold storage, and a common roof deck. Through the lobby, there is a residents lounge with a sprawling 618sf garden that can be left as is or turned into an additional apartment.
323 East 53rd Street presents a rare opportunity to acquire a nearly-completed new construction condo development within one of New York City’s most sought after neighborhoods. The property is ideal for an array of potential purchasers including investors seeking a sleek modern building for yield or live plus income. The building is located in the heart of Midtown East between quiet residential enclaves, as well as Manhattan's epicenter of business and diplomacy. Steps from Midtown Manhattan and the United Nations complex nearby as well as fantastic shopping, nightlife and transportation, residents have the convenience of being a stone's throw to most of what Manhattan has to offer. A walk-to-work proximity to the office towers of midtown also puts cultural gems like Carnegie Hall and the Museum of Modern Art plus Fifth Avenue fashion all within a moment's notice. Newly-landscaped waterfront parks and river walks showcase the expansive natural beauty of the East River and Roosevelt Island.
GROSS SQ FT: 9,800
LOT DIMENSIONS: 20’ X 100’
BUILDING DIMENSIONS: 20’ X 70’
PROJECTED SELL OUT: $11,500,000
The boutique development was constructed with a traditional paneled limestone fac¸ade. Each of the beautifully appointed residences offer open layouts, floor-to-ceiling tilt-n-turn Kolbe windows, tray ceilings, central heating and cooling, and in-unit washer/dryer hookups. The homes are configured with open, chef’s kitchens and are prewired for central monitoring security system with a virtual doorman.
Through the gracious lobby, residents will be greeted by the buildings doorman and can enjoy building amenities such as a commercial sized elevator, package room, cold storage, and a common roof deck. Through the lobby, there is a residents lounge with a sprawling 618sf garden that can be left as is or turned into an additional apartment.
323 East 53rd Street presents a rare opportunity to acquire a nearly-completed new construction condo development within one of New York City’s most sought after neighborhoods. The property is ideal for an array of potential purchasers including investors seeking a sleek modern building for yield or live plus income. The building is located in the heart of Midtown East between quiet residential enclaves, as well as Manhattan's epicenter of business and diplomacy. Steps from Midtown Manhattan and the United Nations complex nearby as well as fantastic shopping, nightlife and transportation, residents have the convenience of being a stone's throw to most of what Manhattan has to offer. A walk-to-work proximity to the office towers of midtown also puts cultural gems like Carnegie Hall and the Museum of Modern Art plus Fifth Avenue fashion all within a moment's notice. Newly-landscaped waterfront parks and river walks showcase the expansive natural beauty of the East River and Roosevelt Island.
GROSS SQ FT: 9,800
LOT DIMENSIONS: 20’ X 100’
BUILDING DIMENSIONS: 20’ X 70’
PROJECTED SELL OUT: $11,500,000
Listing History for 323 East 53rd Street
Now
06/04/2018
POM by Bianca D'Alessio
Nest Seekers International
03/06/2018
TOM by Bianca D'Alessio
Nest Seekers International
Building Details for 323 East 53rd Street
OwnershipDevelopment Site
Building TypeDevelopment Site
Service LevelFull-Time Doorman
AgePost-War
AccessElevator
Year Built2018
Floors/Apts6/9
Transit and Citi Bike
Subway
Lexington Av/53 St
0.15 miles
51 St
0.28 miles
59 St
0.42 miles
Lexington Av/59 St
0.42 miles
Railroad
Grand CentralLong Island Rail Road
0.48 miles
Citi Bike
E 55 St & 2 Ave
0.1 miles
E 51 St & 2 Ave
0.11 miles
Contact Agents
Contact Agents
Bianca D'Alessio
Nest Seekers International
Ryan Serhant
Nest Seekers International
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: 20950TH
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