$22,750,000
Updated 11 years ago
Off Market

336-340 East 81st Street

Upper East Side, Manhattan | Second Ave & First Ave

Income Property

$22,750,000
floors7
Building TypeLow-Rise

Building Amenities

  • Voice Intercom
  • Elevator

Property Description for 336-340 East 81st Street

The subject properties are a seven story elevator building and a four story walkup building located on the south side of East 81st between First and Second Avenue. The recent renovations in 65% (52/80) of the residential units include stainless steel kitchens, washer & dryer, recessed lighting and granite countertops. There are six additional units in the process of being renovated. There is a new sidewalk and the elevator machine room and cab have been recently upgraded. The electric has been upgraded with breakers in each apartment. The two buildings share a gas boiler. In addition to upside from the large portion of RS units, there are also approved plans to add a fifth floor to 340 E81 in addition to the possibility for the owner to recapture and convert the ground floor storage unit and office.

Building Details for 336-340 East 81st Street

OwnershipIncome Property
Building TypeLow-Rise
Service LevelVoice Intercom
AgePre-War
AccessElevator
Floors7
Learn More About the Building

Transit and Citi Bike

Subway

86 St
0.27 miles
77 St
0.37 miles
86 St
0.4 miles
72 St
0.47 miles

Citi Bike

E 84 St & 1 Ave
0.16 miles
E 78 St & 2 Ave
0.18 miles

Contact Agent

Contact Agent

Thomas Gammino
Cushman & Wakefield

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: 35814TH