11 East 78th Street

11 East 78th Street, New York, NY 10075

  • For Sale Subject To Offer
  • Property Type Multi-Family
  • Property Size 11,750 SF
  • Units 16
  • Additional Rent Contact for pricing
  • Date Updated Nov 18, 2024
Exclusive Sale Retention: BKREA is exclusively retained to arrange the sale of 11 East 78th Street, a 25-foot-wide elevator building with approximately 11,750 gross square feet and 16 residential units. Location Details: Located on East 78th Street between Fifth and Madison Avenues on Manhattan's Upper East Side. Steps from Central Park and The Metropolitan Museum of Art, offering residents prime access to attractions. Site Specifications: Building includes 16 units: 1 three-bedroom apartment, 8 one-bedroom apartments, and 7 studios. 81% of units are free-market with 3 rent-stabilized units, allowing revenue growth as market rents rise. Development Plans: Suited for a user buyer who may occupy the three-bedroom penthouse, which features a private outdoor space and in-unit washer-dryer. Neighborhood Demand Drivers: Situated on a quiet Upper East Side block near Central Park and Northwell Hospital. Close to top schools: PS-6, Rudolf Steiner, Dalton, Spence, St. Bernard’s, and Nightingale. Accessible by the 77th Street 6 train, the 83rd Street Q train, and the 86th Street 4, 5, and 6 trains. Opportunity Highlights: The immediate area includes renowned dining (Serafina, Sant Ambroeus) and luxury retail (Veronica Beard, Vera Wang, Carolina Herrera). Positioned in a highly desirable neighborhood, the property appeals to investors looking for prime location with user occupancy potential.Exclusive Sale Retention: BKREA is exclusively retained to arrange the sale of 11 East 78th Street, a 25-foot-wide elevator building with approximately 11,750 gross square feet and 16 residential units. Location Details: Located on East 78th Street between Fifth and Madison Avenues on Manhattan's Upper East Side. Steps from Central Park and The Metropolitan Museum of Art, offering residents prime access to attractions. Site Specifications: Building includes 16 units: 1 three-bedroom apartment, 8 one-bedroom apartments, and 7 studios. 81% of units are free-market with 3 rent-stabilized units, allowing revenue growth as market rents rise. Development Plans: Suited for a user buyer who may occupy the three-bedroom penthouse, which features a private outdoor space and in-unit washer-dryer. Neighborhood Demand Drivers: Situated on a quiet Upper East Side block near Central Park and Northwell Hospital. Close to top schools: PS-6, Rudolf Steiner, Dalton, Spence, St. Bernard’s, and Nightingale. Accessible by the 77th Street 6 train, the 83rd Street Q train, and the 86th Street 4, 5, and 6 trains. Opportunity Highlights: The immediate area includes renowned dining (Serafina, Sant Ambroeus) and luxury retail (Veronica Beard, Vera Wang, Carolina Herrera). Positioned in a highly desirable neighborhood, the property appeals to investors looking for prime location with user occupancy potential.

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Highlights

  • Strong Rent Growth Potential
  • 81% of units are free market, offering significant potential for rent
  • increases. There is also an opportunity to capitalize on the high
  • end rental market in a prime Upper East Side location.
  • Unique Owner-User Opportunity
  • A three bedroom penthouse is available for personal occupancy
  • by the future owner. This offers the potential for luxury living
  • while generating income from the other units.
  • Stable Long-Term Investment
  • Upper East Side real estate has historically shown strong
  • appreciation over time. There is consistent demand for housing
  • in this desirable neighborhood.
  • Prime Location
  • The property is located steps from Central Park, as well as
  • popular hotels such as The Mark, The Surrey and The Carlyle,
  • renowned cultural institutions like the Met, and high-end retail
  • shops along Madison Avenue
  • Convenient Accessibility
  • Within walking distance to multiple subway lines, including the
  • 4, 5, 6, and Q trains and the M79 bus

Contacts

broker

Bob Knakal

BKREA

Location

Getting Around

  • Walk Score ®

    98/100 Walker's Paradise
  • Transit Score ®

    100/100 Rider's Paradise
  • Bike Score ®

    82/100 Very Bikeable
Powered by Walk Score ®
  • City New York, NY
  • Neighborhood Lenox Hill
  • Zip Code 10075
  • Market Manhattan

Points of Interest

  • East 77th Street & Lexington Avenue at Northwest Corner

    0.23 miles

  • East 77th Street & Lexington Avenue at Southwest Corner

    0.23 miles

  • 77th Street

    0.24 miles

  • East 77th Street & Lexington Avenue at Northeast Corner

    0.24 miles

  • East 77th Street & Lexington Avenue at Southeast Corner

    0.25 miles

  • East 86th Street & Lexington Avenue at Southwest Corner

    0.45 miles

  • East 86th Street & Lexington Avenue at Southeast Corner

    0.45 miles

  • East 86th Street & Lexington Avenue at Northwest Corner

    0.46 miles

  • East 86th Street & Lexington Avenue at Northeast Corner

    0.47 miles

  • 83rd Street & 2nd Avenue at Northeast Corner

    0.54 miles

  • ChargePoint

    0.33 miles

  • FLO

    0.97 miles

  • Tesla Supercharger

    0.97 miles

  • plugNYC

    0.99 miles

  • Shell

    1.05 miles

  • Mobil

    1.50 miles

  • Citgo

    1.76 miles

  • BP

    1.77 miles

  • Atlantic

    1.83 miles

  • Sunoco

    1.92 miles

  • Metropolitan Museum

    0.13 miles

  • Loeb Boathouse Parking Lot

    0.27 miles

  • iClean

    0.41 miles

  • Quik Park

    0.53 miles

  • Surrey Garage

    0.69 miles

  • Knickerbocker Plaza Car Park

    0.81 miles

  • Astor Terrace Parking Garage

    0.88 miles

  • Champion Parking

    0.97 miles

  • Mount Sinai

    1.03 miles

  • MPG

    1.12 miles

  • The Mark

    0.05 miles

  • The Carlyle

    0.12 miles

  • The Surrey

    0.13 miles

  • The Franklin

    0.53 miles

  • Ronald McDonald House New York

    0.69 miles

  • Plaza Athénée

    0.71 miles

  • La Quinta Inn

    0.76 miles

  • Lowell Hotel

    0.79 miles

  • The Gardens Sonesta ES Suites

    0.81 miles

  • International Student Center

    0.85 miles

  • Serafina Juice Bar

    0.03 miles

  • Serafina Fabulous Pizza

    0.03 miles

  • Tokogawa

    0.04 miles

  • Sant Ambroeus

    0.05 miles

  • Cafe Boulud

    0.13 miles

  • Sistina

    0.14 miles

  • Three Guys

    0.14 miles

  • Nectar of 82nd Street

    0.18 miles

  • Caravaggio

    0.21 miles

  • Met Dining Room

    0.21 miles

  • New York University Institute of Fine Arts

    0.04 miles

  • Rudolf Steiner School

    0.06 miles

  • Ramaz Upper School

    0.09 miles

  • Allen-Stevenson School

    0.21 miles

  • Marymount School of New York

    0.28 miles

  • Regis High School

    0.33 miles

  • Ramaz School

    0.36 miles

  • Birch Wathen Lenox School

    0.38 miles

  • Public School 37

    0.42 miles

  • Buckley School

    0.43 miles

  • Manhattan Schoolhouse

    0.48 miles

  • Arc En Ciel

    0.79 miles

  • Playhouse Prep

    0.88 miles

  • Columbus Pre-School

    0.96 miles

  • Preschool of America

    0.97 miles

  • New York Kids Club

    1.09 miles

  • Bright Horizons

    1.11 miles

  • All My Children Daycare

    1.13 miles

  • NY Kids Club

    1.16 miles

  • Sunshine Learning Center

    1.19 miles

Frequently Asked Questions

How much does 11 East 78th Street cost?

The sale price for 11 East 78th Street is available upon request. Contact the listing broker for more information.

What is the total square footage of 11 East 78th Street?

11 East 78th Street totals 11,750 square feet.

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Contact Listing Broker

broker

Bob Knakal

BKREA