Updated 4 years ago
Off Market
36 East 73rd Street
Upper East Side, Manhattan | Madison Ave & Park Ave
7,804 Square FeetMixed Use
$12,800,000 $13,800,000
floors / apts5 / 3
Lot Size20'x82'
Built Size20'x67'
ZoneC5-1
Building TypeTownhouse
RE Taxes$156,000
Price Per SF
$1,640
Listing Features
- Deco Fireplace
Building Amenities
- Voice Intercom
- Elevator
- Garden
- Roof Deck
Property Description for 36 East 73rd Street
Five-story mixed-use elevator building located at 36 East 73rd Street between Madison and Park Avenue in the heart of the Upper East Side, on a charming tree-lined street within steps of Central Park and Manhattan’s most exclusive boutiques. This is a unique opportunity for an end-user, investor, or retailer.
The Connoisseur Building is currently configured as a two-story retail store with three floors of residential space above, which are accessible by a keyed elevator. The future owner could reside above, rent out the retail component and enjoy the high rent district of Madison Avenue. The estimated rent from the retail portion will offset the carrying costs of this exceptional property. Renting out the entire building produces an even higher yield.
Currently the location of one of Manhattan’s longest-running antique stores, the property will be delivered vacant providing new owners the opportunity to make the building truly their own. The possibilities range from immediate move-in to value-adding upgrades including the construction of an additional floor or a roof deck.
The residential apartments are spacious with high ceilings and private keyed elevator landings. There is great natural light on each floor from the front and rear windows of the property. Each floor is overlooking the charming garden. The building mechanicals have been properly maintained.
While the Madison Business District calls for a high-end shop on the ground floor, the floors above can be configured flexibly (residential or commercial), depending on the best use scenario for the future owner.
The property is located within the Upper East Side Historic District. The LPC designation report describes the property as “non-contributing”; such buildings can usually be replaced by entirely new structures without objection from the Landmarks Preservation Commission.
The Connoisseur Building is currently configured as a two-story retail store with three floors of residential space above, which are accessible by a keyed elevator. The future owner could reside above, rent out the retail component and enjoy the high rent district of Madison Avenue. The estimated rent from the retail portion will offset the carrying costs of this exceptional property. Renting out the entire building produces an even higher yield.
Currently the location of one of Manhattan’s longest-running antique stores, the property will be delivered vacant providing new owners the opportunity to make the building truly their own. The possibilities range from immediate move-in to value-adding upgrades including the construction of an additional floor or a roof deck.
The residential apartments are spacious with high ceilings and private keyed elevator landings. There is great natural light on each floor from the front and rear windows of the property. Each floor is overlooking the charming garden. The building mechanicals have been properly maintained.
While the Madison Business District calls for a high-end shop on the ground floor, the floors above can be configured flexibly (residential or commercial), depending on the best use scenario for the future owner.
The property is located within the Upper East Side Historic District. The LPC designation report describes the property as “non-contributing”; such buildings can usually be replaced by entirely new structures without objection from the Landmarks Preservation Commission.
Building Details for 36 East 73rd Street
OwnershipMixed Use
Building TypeTownhouse
Service LevelVoice Intercom
AgePre-War
AccessElevator
Year Built1888
Floors/Apts5/3
Transit and Citi Bike
Subway
77 St
0.27 miles
68 St-Hunter College
0.29 miles
72 St
0.41 miles
Citi Bike
E 72 St & Park Ave
0.08 miles
5 Ave & E 72 St
0.12 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: 78249TH
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