38 East 63rd Street
Office | 6,712 SqFt
Marketing description
Cushman & Wakefield, in partnership with The Modlin Group & BHS, has been exclusively retained to offer for sale the 100% fee simple interest in 38 East 63rd Street (the "Property"), a 6,712 square foot community facility townhouse located on 63rd Street between Madison Avenue and Park Avenue, one of the most desirable locations on the Upper East Side.
38 East 63rd Street will be delivered 100% vacant, offering an extraordinary opportunity for a wide range of future uses. Investors and end-users alike may choose to maintain the property as a premier commercial asset—ideal for medical use, private member's club, non-profit institution, a mission or consulate, a house of worship—or to convert it into a trophy-quality single-family townhome.
The Property is located on one of the premier blocks on the Upper East Side. Nestled between Madison and Park Avenues, the property benefits from immediate proximity to world-class flagship retail, luxury hotels, and renowned cultural institutions, while also enjoying the quieter, more reserved character of a predominantly residential street lined with some of Manhattan's most prestigious townhomes.
Situated directly beside The Lowell Hotel, home to the renowned restaurant Majorelle, 38 East 63rd Street occupies one of the most coveted addresses in New York City. Countless iconic fashion brands are located within the immediate area including Hermès, Chanel, Giorgio Armani, Oscar de la Renta, Versace, and Bottega Veneta. The property can be accessed via the Lexington Avenue–63rd Street station (F and Q trains), and is also served by multiple bus lines.
Investment highlights
- Exceptionally rare opportunity to acquire a highly versatile community facilitytownhouse on East 63rd Street just off Madison Avenue—positioned for a wide range of uses in one of the Upper East Side's most prestigious corridors.
- Delivered 100% vacant, the property represents a prime opportunity for various community facility commercial uses. Iconic commercial townhouse with exceptional architectural details including: Original 1880 brick and limestone bow-front façade with center entry, featuring classic upper east side detailing and multiple windows providing abundant light. Formal lobby with spacious commercial elevator, 10' 5" ceilings, multiple outdoor spaces, and flexible interior layout.
- Unique opportunity for an owner or user to control the entire building and tailor it to private office, gallery, showroom, member's club, or potential residential use- maximizing value through complete customization.
- Prime location just east of Madison Avenue, surrounded by global luxury flagships including Hermès, Chanel, Bottega Veneta, Giorgio Armani, and Versace, as well as premier hotels such as The Lowell, and prominent cultural institutions like the Fifth Avenue Synagogue, with world-class museums a short distance away.
- Located just off Madison Avenue on a quiet, tree-lined street in the heart of the Upper East Side
- Historic brick-and-limestone façade, formal lobby, and refined architectural details
- Commercial elevator, multiple outdoor spaces, and 10' 5" ceilings
- Five stories of open and private space plus basement
- Potential conversion to a partial or full luxury residential use
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