$15,000,000
Updated 9 years ago
Sold

323 East 79th Street

Upper East Side, Manhattan | Second Ave & First Ave

27,670 Square FeetDevelopment Site

$15,000,000
floors4
Lot Size27'x102'
Building TypeLow-Rise
RE Taxes$83,856
Price Per SF
$542

This property was sold for $12,750,000 on 11/15/17.

Building Amenities

  • Voice Intercom

Property Description for 323 East 79th Street

DEVELOPMENT SITE BUILDABLE TO 27,670 SQUARE FEET. 323 E 79, is a 27'-wide building with 8,080 SF on a 102'-deep lot, buildable to 27,670 SF for both residential and community facility uses in an R10A zoning district which permits base height of 125'-150' and total height of 210'. Based on a community facility footprint of 27' x 82' = 2,214 SF, the 27,670 buildable SF could be efficiently allocated on 12.5 floors which would fit easily within the maximum 150' base height. Based on a residential footprint of 27' x 72' = 1,944 SF, the 27,670 buildable SF could be efficiently allocated on 14.2 floors which could fit within the maximum 150' base height, but we would recommend construction of at least 1 penthouse level set back above the 150' building base. In fact, for residential use it might make sense to explore a design that features a 125' minimum base with a set-back tower rising up to the maximum 210' height allowed in the zone. 2700-5400 additional square feet with high ceilings can be built on 1-2 levels below ground. This property has the advantage of excellent light and open views as it sits on the north side of extra-wide E 79 with a sunny southern exposure.The property is close to the 6 and Q trains with access to Downtown, the Westside and Brooklyn.

Building Details for 323 East 79th Street

OwnershipDevelopment Site
Building TypeLow-Rise
Service LevelVoice Intercom
AgePre-War
AccessWalk-up
Year Built1930
Floors4
Learn More About the Building

Transit and Citi Bike

Subway

77 St
0.32 miles
86 St
0.35 miles
72 St
0.38 miles
86 St
0.45 miles

Citi Bike

E 78 St & 2 Ave
0.1 miles
1 Ave & E 78 St
0.12 miles

Contact Agents

Contact Agents

Lance Levine
Douglas Elliman
George Vanderploeg
Douglas Elliman
Steffen Kral
Douglas Elliman

Upper East Side | Manhattan

Quick Profile

Exuding a cosmopolitan, refined air that is reminiscent of Paris or other European cities, the Upper East Side (the UES, to local cognoscenti) has a reputation as being a bastion of wealth and privilege. Even though it was built by American “royalty” families like the Vanderbilts, Roosevelts, Kennedys, Carnegies and Rockefellers, whose elaborate mansions once anchored Fifth Avenue, there are affordable housing options throughout the neighborhood. The further east you move, away from Central Park and the more commercial avenues, the more likely you are to find quiet, tree-lined streets with historic townhouses and brownstones. Keep your eye out for reasonably priced apartments in pre-war low-rise and even a few high-rise buildings.

With abundant, beautifully landscaped green spaces, including the oasis of Central Park acting like a backyard, the area is quiet and lushly green. You can relax and unwind in John Jay Park, Carl Schurz Park or take a stroll along the East River Promenade. The whole neighborhood seems isolated from the workaday chaos of the city at large. Add to that the history of the neighborhood and the abundance of cultural institutions, and you have a uniquely welcoming neighborhood.

Known for its abundance of high-end retail shopping, especially on Madison Avenue, the Upper East Side is host to the Barneys New York flagship department store. Here you can find upscale goods, fashion and home decor items. You will also find the edgy runway-inspired Alexander McQueen collections. If you are dying to treat your feet to red-soled opulence, be sure to visit the Christian Louboutin boutique. These are only a small sampling of this high-end shopper’s paradise that features everything from designer boutiques that offer the ultimate in haute couture to resale shops where you can find last season’s best on sale at hefty discounts .

There are many unique dining experiences, from fine dining to the casual bite-on-the-go, awaiting you in the UES. Sushi is going through a renaissance in the city, and the best omakase-style sushi can be found at Sasabune on E 73rd Street. Omakase sushi means that you leave the choice of ingredients, preparation method and presentation to the chef. Elegant French cuisine can be experienced at JoJo, E 64th Street, housed in gorgeous townhouse. Just for fun, visit the Lexington Candy Shop on Lexington Avenue, to get a taste of an old-fashioned soda fountain.

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: 68575TH