321-323 East 58th Street - Amazon Simple Storage Service (S3)
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Upper East Side Development Site With ±24,400 ZFA Square Feet
321-323 East 58th Street $7,200,000
Property Type: Residential Location: New York City, New York Neighborhood: Midtown Sub-District: Midtown East Number of Units: N/A Square Footage: 8,850
321-323 East 58th Street is located on the North side of East 58th Street between 1st and 2nd Avenues. The Property is a vacant four-story townhome (plus basement) in Sutton Place (Midtown East). The ±8,850 square foot building was constructed in 1958 and is situated on a ±3,100 square foot lot that offers ±31 feet of frontage along the northern side of East 58th Street. The ground floor and a portion of the basement were previously utilized by a restaurant. This space is grandfathered in for commercial use as the current zoning is “R8B” and would not typically allow this use. The 2nd, 3rd, and 4th floors are residential and offer flexible layouts that can be reconfigured to increase the number of bedrooms. Additionally, each of these upper floors has at least one spacious terrace. The Property also includes ±5,550 square feet of unused development rights. This offering presents a rare opportunity to acquire a townhouse steps from “Billionaires’ Row” along 57th Street. As recently noted in the Wall Street Journal, “Affluent out-of-towners are starting to spurn glitzy, full-service condo buildings as prices reach upward of $90 million, opting instead to buy older townhouses, which are seen as a better value”. The Property is close proximity to prime shopping including Bloomingdale’s iconic flagship store, a recently opened Whole Foods, world-class office towers, and numerous subway lines including the 4, 5, 6, E, F, M, N, Q, and R. Additionally, it is just short distance to Central Park, The United Nations, and the Upper East Side. The Property is ideal for a single family home, user, multi-family property, or a condominium conversion/development. Further, the ±3,100 square foot lot offers ±12,400 total buildable square feet. Based on the asking price, this equates to $580 per buildable square foot, well within the range of Manhattan development site prices.
PREVIOUS (/PROPERTIES/321-EAST-60TH-STREET/) NEXT (/PROPERTIES/34-WEST-17TH-STREET/)
Listing Contact Info Chris Matousek (/people/chris-matousek) Direc tor, Financ ial Servic es
646.658.7388
email (mailto:[email protected])
David Schechtman, Esq. (/people/david-schechtman-esq) Exec utive Managing Direc tor 646.658.7352
email (mailto:[email protected])
Location
Photos
(https://easternconsolidated.s3.amazonaws.com:443/../images/property(https://easternconsolidated.s3.amazonaws.com:443/../images/propertygalleries/321galleries/321323%20East%2058th%20Street/Aerial%20View.jpg) 323%20East%2058th%20Street/Cover.jpg)
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(https://easternconsolidated.s3.amazonaws.com:443/../images/property(https://easternconsolidated.s3.amazonaws.com:443/../images/propertygalleries/321galleries/321323%20East%2058th%20Street/Interior%20Pics%2011.jpg) 323%20East%2058th%20Street/Interior%20Pics%2012.jpg)
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(https://easternconsolidated.s3.amazonaws.com:443/../images/property(https://easternconsolidated.s3.amazonaws.com:443/../images/propertygalleries/321galleries/321323%20East%2058th%20Street/Interior%20Pics%2015.jpg) 323%20East%2058th%20Street/Interior%20Pics%2016.jpg)
(https://easternconsolidated.s3.amazonaws.com:443/../images/property(https://easternconsolidated.s3.amazonaws.com:443/../images/propertygalleries/321galleries/321323%20East%2058th%20Street/Interior%20Pics%202.jpg)323%20East%2058th%20Street/Interior%20Pics%203.jpg) Next
Documents 321 East 58th Street - Principal Confi Agreement (https://easternconsolidated.s3.amazonaws.com:443/properties/docs/321East58thStreetPrincipalConfiAgreement.pdf) 321 East 58th Street - Outside Broker Principal Registration (https://easternconsolidated.s3.amazonaws.com:443/properties/docs/321East58thStreetOutsideBrokerPrincipalRegistration.pdf)
Contact Us (/company/contact/) Privacy Policy (/company/privacy-policy/) © 2014 Eastern Consolidated. All Rights Reserved.
Upper East Side Development Site With ±24,400 ZFA Square Feet
321-323 East 58th Street $7,200,000
Property Type: Residential Location: New York City, New York Neighborhood: Midtown Sub-District: Midtown East Number of Units: N/A Square Footage: 8,850
321-323 East 58th Street is located on the North side of East 58th Street between 1st and 2nd Avenues. The Property is a vacant four-story townhome (plus basement) in Sutton Place (Midtown East). The ±8,850 square foot building was constructed in 1958 and is situated on a ±3,100 square foot lot that offers ±31 feet of frontage along the northern side of East 58th Street. The ground floor and a portion of the basement were previously utilized by a restaurant. This space is grandfathered in for commercial use as the current zoning is “R8B” and would not typically allow this use. The 2nd, 3rd, and 4th floors are residential and offer flexible layouts that can be reconfigured to increase the number of bedrooms. Additionally, each of these upper floors has at least one spacious terrace. The Property also includes ±5,550 square feet of unused development rights. This offering presents a rare opportunity to acquire a townhouse steps from “Billionaires’ Row” along 57th Street. As recently noted in the Wall Street Journal, “Affluent out-of-towners are starting to spurn glitzy, full-service condo buildings as prices reach upward of $90 million, opting instead to buy older townhouses, which are seen as a better value”. The Property is close proximity to prime shopping including Bloomingdale’s iconic flagship store, a recently opened Whole Foods, world-class office towers, and numerous subway lines including the 4, 5, 6, E, F, M, N, Q, and R. Additionally, it is just short distance to Central Park, The United Nations, and the Upper East Side. The Property is ideal for a single family home, user, multi-family property, or a condominium conversion/development. Further, the ±3,100 square foot lot offers ±12,400 total buildable square feet. Based on the asking price, this equates to $580 per buildable square foot, well within the range of Manhattan development site prices.
PREVIOUS (/PROPERTIES/321-EAST-60TH-STREET/) NEXT (/PROPERTIES/34-WEST-17TH-STREET/)
Listing Contact Info Chris Matousek (/people/chris-matousek) Direc tor, Financ ial Servic es
646.658.7388
email (mailto:[email protected])
David Schechtman, Esq. (/people/david-schechtman-esq) Exec utive Managing Direc tor 646.658.7352
email (mailto:[email protected])
Location
Photos
(https://easternconsolidated.s3.amazonaws.com:443/../images/property(https://easternconsolidated.s3.amazonaws.com:443/../images/propertygalleries/321galleries/321323%20East%2058th%20Street/Aerial%20View.jpg) 323%20East%2058th%20Street/Cover.jpg)
(https://easternconsolidated.s3.amazonaws.com:443/../images/property(https://easternconsolidated.s3.amazonaws.com:443/../images/propertygalleries/321galleries/321323%20East%2058th%20Street/Interior%20Pics%201.jpg)323%20East%2058th%20Street/Interior%20Pics%2010.jpg)
(https://easternconsolidated.s3.amazonaws.com:443/../images/property(https://easternconsolidated.s3.amazonaws.com:443/../images/propertygalleries/321galleries/321323%20East%2058th%20Street/Interior%20Pics%2011.jpg) 323%20East%2058th%20Street/Interior%20Pics%2012.jpg)
(https://easternconsolidated.s3.amazonaws.com:443/../images/property(https://easternconsolidated.s3.amazonaws.com:443/../images/propertygalleries/321galleries/321323%20East%2058th%20Street/Interior%20Pics%2013.jpg) 323%20East%2058th%20Street/Interior%20Pics%2014.jpg)
(https://easternconsolidated.s3.amazonaws.com:443/../images/property(https://easternconsolidated.s3.amazonaws.com:443/../images/propertygalleries/321galleries/321323%20East%2058th%20Street/Interior%20Pics%2015.jpg) 323%20East%2058th%20Street/Interior%20Pics%2016.jpg)
(https://easternconsolidated.s3.amazonaws.com:443/../images/property(https://easternconsolidated.s3.amazonaws.com:443/../images/propertygalleries/321galleries/321323%20East%2058th%20Street/Interior%20Pics%202.jpg)323%20East%2058th%20Street/Interior%20Pics%203.jpg) Next
Documents 321 East 58th Street - Principal Confi Agreement (https://easternconsolidated.s3.amazonaws.com:443/properties/docs/321East58thStreetPrincipalConfiAgreement.pdf) 321 East 58th Street - Outside Broker Principal Registration (https://easternconsolidated.s3.amazonaws.com:443/properties/docs/321East58thStreetOutsideBrokerPrincipalRegistration.pdf)
Contact Us (/company/contact/) Privacy Policy (/company/privacy-policy/) © 2014 Eastern Consolidated. All Rights Reserved.
