120 E 37th St
7 Unit Block of Flats £5,669,128 (£809,875/Unit) New York, NY 10016
INVESTMENT HIGHLIGHTS
- 100% Free Market Building
- Option to buy as bulk condo package and sell off each unit as individual condo
- Walking Distance to Major Employers and Grand Central Station (4/5/6/7/S/Metro-North/LIRR)
- Completely Redeveloped in 2024
- Ideally Located on a Brownstone and Single-Family Townhouse Block
EXECUTIVE SUMMARY
Avison Young, as the exclusive agent, is pleased to offer for sale 120 East 37th Street (the “Property”), a five-story multifamily brownstone ideally situated on the south side of tree-lined East 37th Street, between Lexington Avenue and Park Avenue—an area synonymous with single-family townhouses. The newly redeveloped, 100% free-market Property comprises seven (7) residential units across 6,803± square feet.
This beautiful and historic brownstone has been meticulously redeveloped with style in mind, with no detail spared. Starting with the exterior, the façade has been fully restored, and ownership has created a private backyard for the first-floor unit, as well as a massive private roof deck for the fifth-floor unit, offering stunning views of both the Empire State Building and the Chrysler Building. Each unit features new oak flooring, custom Italian-made cabinetry, Carrara marble-inspired bathrooms, recessed lighting, open-concept kitchens, stainless steel appliances, in-unit washer and dryer, and split-system HVAC.
The Property is being offered either as a traditional multifamily rental building or a bulk-condo package. Ownership has filed condo plans and can deliver the building with each unit designated as an individual condo in a market where sales prices average—and often exceed—$1,600 per square foot, providing investors with a strong spread between acquisition price and condo exit value.
This beautiful and historic brownstone has been meticulously redeveloped with style in mind, with no detail spared. Starting with the exterior, the façade has been fully restored, and ownership has created a private backyard for the first-floor unit, as well as a massive private roof deck for the fifth-floor unit, offering stunning views of both the Empire State Building and the Chrysler Building. Each unit features new oak flooring, custom Italian-made cabinetry, Carrara marble-inspired bathrooms, recessed lighting, open-concept kitchens, stainless steel appliances, in-unit washer and dryer, and split-system HVAC.
The Property is being offered either as a traditional multifamily rental building or a bulk-condo package. Ownership has filed condo plans and can deliver the building with each unit designated as an individual condo in a market where sales prices average—and often exceed—$1,600 per square foot, providing investors with a strong spread between acquisition price and condo exit value.
PROPERTY FACTS
| Price | £5,669,128 |
| Price Per Unit | £809,875 |
| Sale Type | Investment |
| No. Units | 7 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | C |
| Lot Size | 0.05 AC |
| Building Size | 6,803 SF |
| Number of Floors | 5 |
| Year Built | 1892 |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | Avg. Rent.Mo | SF |
|---|---|---|---|
| 1+1 | 6 | - | - |
1 of 1
Walk Score®
Walker's Paradise (99)
Transit Score®
Rider's Paradise (100)
Bike Score®
Very Bikeable (79)
PROPERTY TAXES
| Parcel Number | 0892-0073 | Improvements Assessment | £414,757 |
| Land Assessment | £347,089 | Total Assessment | £624,761 |
ZONING
| Zoning Code | R8B (Medium density residential district) |
