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50-54 East 81st Street
Upper East Side, Manhattan | Madison Ave & Park Ave
45 Rooms23 Beds24 Baths21,516 Square FeetDevelopment Site
$52,445,000
$52,445,000
Updated 9 years ago
Off Market

50-54 East 81st Street

Upper East Side, Manhattan | Madison Ave & Park Ave

45 Rooms23 Beds24 Baths21,516 Square FeetDevelopment Site

$52,445,000
floors / apts5 / 13
Building TypeTownhouse
Price Per SF
$2,437

Listing Features

  • Architectural Dtls
  • Spiral Staircase

Outdoor space and views

  • Balcony
  • Terrace

Building Amenities

  • Voice Intercom
  • Alarm System
  • Garden
  • Roof Deck

Property Description for 50-54 East 81st Street

Unique opportunity to combine 50 East 81st Street, 52 East 81st Street, and 54 East 81st Street and create a 60-foot wide mansion in one of the most desirable residential neighborhoods on the Upper Eastside.

A three-parcel combination, which would offer approximately 21,516 square feet with a potential of building approximately 3,003 square feet additionally, ending with approximately 24,519 square feet of living space, presents a range of possibilities. Convert and completely redesign as a magnificent single-family home, operate two townhouses as residential rental properties while occupying just the third are just two options. With additional FAR and the absence of a landmark designation, the potential to upgrade or redevelop is practically limitless.Wonderfully located on the south side of picturesque and tree-lined 81st Street, the buildings sit mid-block between Madison and Park Avenues. Central Park and the Metropolitan Museum of Art are around the corner, putting these properties squarely amidst the best culture, recreation, dining, and retail offered anywhere in Manhattan.

About 50 East 81st Street:
Currently configured with a physician's office at grade, plus two residential apartments on each of the next four floors. Estimated at 1,700 square feet the office can be accessed either from the main building or through a separate side entrance. It is also connected to a charming, south-facing garden. All eight of the residential units have high ceilings, period details, ornate mantelpieces, and oversized windows. Six of the eight can be delivered vacant. Rent stabilized tenants occupy the remaining two. Beautiful sight lines to the south face capture other townhouses. This property also has a full cellar level with attractive ceiling height and a partially poured concrete floor. In addition, there is a full set of stairs connecting the fifth floor and a large, flat roof.

About 52 East 81st Street:
52 East 81st Street is a grand 20-foot wide, 5-story townhome with stunning proportions and exquisite architectural detail throughout its gracious approximately 5,776 square feet of living space. It features a deep, lushly planted south garden and serene terrace. Currently configured as three units (two duplex apartments and one floor-through), 52 East 81st Street may be delivered vacant, affording the rare opportunity for a discerning buyer to create a custom single-family dream home in an unrivaled Upper East Side location, or benefit from the income of a multi-family property.

About 54 East 81st Street:
54 East 81st Street is a grand single-family limestone mansion, beautifully reconstructed to the highest standard, throughout its approximately 8,375 square feet of magnificent interior space and approximate 2,040 square feet in the delightful South garden, balcony, and fully-finished roof deck with a hot tub. Intelligently designed, this exceptional home features a high-speed Federal elevator, radiant floor heating throughout, a snowmelt system in both the front and rear gardens, dumbwaiter with dual openings, a noise-cancellation and vibration dampening system between each floor, and a central vacuum system. An integrated smart-home AMX system controls the advanced 16-camera security system, Sonos audio, automated shades, Lutron lighting, televisions, 5 GHZ Wi-Fi, and a dual central heating/cooling system with two climate zones in each room. A stunning Archimedean spiral staircase with oak risers and a cast iron filigree banister opens to a circular skylight, which allows abundant natural light to flood into the center of the home. Grand windows, astounding room proportions, and soaring ceilings throughout the residence create a bright, airy feel. Impeccable home finishes include an exterior facade built of the finest Indiana limestone, walnut hardwood flooring, Calacatta marble countertops, and extensive custom millwork.

Listing History for 50-54 East 81st Street

Now
12/01/2017
POM by David E. Kornmeier
Brown Harris Stevens
10/30/2017
$52,445,000 [-$1,000,000] [1.9%]
Price Drop by David E. Kornmeier
Brown Harris Stevens
Load More

Building Details for 50-54 East 81st Street

OwnershipDevelopment Site
Building TypeTownhouse
Service LevelVoice Intercom
AgePre-War
AccessWalk-up
Year Built1921
Floors/Apts5/13
Learn More About the Building

Transit and Citi Bike

Subway

77 St
0.23 miles
86 St
0.3 miles
86 St
0.45 miles

Citi Bike

Madison Ave & E 82 St
0.08 miles
E 84 St & Park Ave
0.17 miles

Contact Agents

Contact Agents

David Kornmeier
Brown Harris Stevens
Maren Faiella
Brown Harris Stevens
Leonel Piraino
Brown Harris Stevens

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.

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Featured on the Linecity Blog

The MEDIAN

Manhattan | August 2023

According to New York City records, the median price for an apartment in Manhattan for the month of August 2023 was $1,150,000.  The price represents a minimal decrease of .02% from the median price of $1,175,000 recorded in August 2022.  The number of apartment sales, however, fell from 1,546 to 1,204 reflecting a year-over-year decreas...

posted on December 8, 2023
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: 70374TH
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