Updated 4 years ago
Off Market
138 East 74th Street
Upper East Side, Manhattan | Park Ave & Lexington Ave
9 Beds3 Baths3,931 Square FeetMixed Use
$5,350,000
floors / apts4 / 3
Lot Size18'8"x68'2"
Built Size19'x51'5"
ZoneC1-8X
Building TypeTownhouse
RE Taxes$88,931
Price Per SF
$1,361
Outdoor space and views
- Terrace
Building Amenities
- Voice Intercom
Property Description for 138 East 74th Street
JLL has been retained on an exclusive basis to arrange
for the sale of 138 East 74th Street, a 4-story mixed-use
walk up building in the heart of the Upper East Side. The
property is ideally located near the south west corner of
Lexington Avenue and East 74th Street, featuring nearly
20’ of frontage and 3,933 gross square feet. The existing
building features two commercial spaces on the ground
and second floors totaling 2,207 GSF. Currently, this space
is occupied by KRB, an antique, furniture, and décor
shop for the home curated by the well-known interior
designer, Kate Rheinstein Brodsky. Above the retail store
are two residential units. Each unit measures 863 SF and
is configured as a three bedroom one bath. The third floor
unit benefits from a private terrace which overlooks 74th
Street. Upon the sale of the property, the building will be
delivered completely vacant.
138 East 74th Street presents a unique opportunity for
either an investor or a user. An investor will have the option
to add significant value to the building through renovating
the upstairs apartments and can look to take advantage
of the ~7,500 square feet of available development
rights. Due to the vacant delivery, 138 East 74th Street is
extremely well-positioned for a commercial user group to
immediately occupy the space and benefit from the rights
of ownership.
The property lands in the C1-8X zoning district, which
permits residential or commercial use up to 11,502 ZFA
as-of-right. The building also lands in the Upper East Side
Historic District, requiring future ownership to obtain LPC
approval for any new alterations or construction affecting
the building.
Conveniently located in prime Upper East Side, 138 East
74th Street has access to some of the city’s most wellknown shops, museums, galleries, recreational options,
and restaurants. Regarded as one of only a handful of firstclass shopping locations, Fifth, Madison, and Lexington
Avenues offer a staggeringly impressive display of elite
retailers. Just a few blocks away are the world-famous
Frick Collection and Metropolitan Museum of Modern Art.
The variety of dining options on the Upper East Side is
astounding. Notable restaurants include Saint Ambroues,
JG Melon, and Laduree. Finally, Central Park is within
walking distance of the property.
Listing History for 138 East 74th Street
Now
06/07/2022
POM by Bob Knakal
JLL
03/01/2022
$5,350,000
Initial Price by Bob Knakal
JLL
Building Details for 138 East 74th Street
OwnershipMixed Use
Building TypeTownhouse
Service LevelVoice Intercom
AgePre-War
AccessWalk-up
Year Built1910
Floors/Apts4/3
Transit and Citi Bike
Subway
77 St
0.16 miles
72 St
0.26 miles
68 St-Hunter College
0.28 miles
Citi Bike
E 72 St & Park Ave
0.14 miles
3 Ave & E 72 St
0.14 miles
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: 83775TH
Find home. Discover happiness.