Listed by Corcoran Chelsea/Flatiron
$82,500,000
303 East 37th Street
Details
Property Type Multifamily
Sub Type Apartment Building
Units 83
Price per SqFt $509
Year Built 1941
Buildings 1
Stories 6
Acreage 16200.000
Zoning C1-9, TA
Prewar Conversion Opportunity with 160,000 square feet of possibilities. Prime downtown Manhattan
Marketing description
Built in 1941, this impeccably maintained Art Deco cooperative seamlessly blends timeless architectural charm with modern convenience. The building's striking dual butterfly-wing tower design is anchored by an elegant Art Deco lobby, rich in original detailing that evokes a bygone era of craftsmanship and style.
Rising six stories, 303 East 37th Street offers an intimate, boutique feel with well-curated amenities including a central laundry room, video intercom system, bike room, dual private storage rooms, and a peaceful common courtyard. A dedicated live-in superintendent ensures exceptional maintenance and resident care.
South-facing residences enjoy open views over the Queens Midtown Tunnel entrance, while the neighboring St. Vartan Park provide a rare two-block buffer of open sky, greenery, and natural light-enhancing both privacy and livability.
Situated just minutes from Grand Central Terminal, residents benefit from easy access to the S/4/5/6/7 trains, as well as the nearby East River Esplanade, offering scenic paths for biking, jogging, or relaxing waterfront walks. The building's walkability and connectivity are unparalleled.
Each of the 83 apartments is infused with distinctive prewar character, showcasing unique layouts, charming architectural details, and a warmth that's rarely replicated in modern construction. But beyond its residential appeal lies an extraordinary development opportunity. With 80,000 square feet of existing space and an additional 80,000 square feet of buildable potential, 303 East 37th Street presents a rare chance to reimagine a historic property in a premier Midtown East location. Currently configured as 83 units-with only three rent-stabilized apartments-this cooperative is exploring the dissolution of its current structure and opening the door to a bold new vision.
Whether you're an investor, developer, or visionary buyer, this property is a canvas ready for transformation. With a fantastic location, a stunning architectural foundation, and endless potential, 303 East 37th Street is ready to be reimagined-and we're here to help bring that vision to life.
Investment highlights
- Asking price: $83,500,000
- Ppsf (existing): $1,031/ft
- Buildable ppsf (total): $509/ft
- Residential square footage (existing) ~80,000 square feet
- Maximum usable floor area ~162,000 square feet
- Bike room
- Central laundry room
- Dishwashers Allowed
- Elevator
- Live-in super
- No washer/Dryers allowed
- Storage with fee ($60/mo)
Listing Contacts
Listed by Corcoran Chelsea/Flatiron
Valuation Calculator
Login or Sign up to see Valuation Metrics
Sign up for Crexi to see valuation metrics for this property
Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$--
$--
Valuation Metrics
0
DSCR
--
Cap Rate
--
ROI
Map
Broker Selected Comps View More Comps
Similar Properties
Additional Information
Name
License
Brokerage
Brokerage Phone
Title
Brokerage Address
Is there information that looks off?



















