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434 e 77th St - Upper East Side

Property Information
Price
$14,000,000
Price Per SF
$685
Property Type
Mixed Use
Use
Garage
ASF | SM
20,432 SF | 1,898 SM
Lease Type
N/A
Availability
Immediate
433 E 76th St / 434 E 77th St
Listing Description
The property is currently a block-thru parking garage encompassing five levels which two are below-grade. The property offers multiple development/ redevelopment opportunities and can be converted into a condominium while leaving part of the garage intact for income. The property will yield 20,432 square feet of above grade development space with the opportunity to retain all or a portion of the currently built 10,000 square feet of below-grade space for parking, storage, amenity, mechanical or other uses. Condominium development in this corridor of the Upper East Side is in very high demand. New luxury residential condominium projects in the area are achieving prices of $2,500 per square foot.
The garage is owner-operated and a management company can be easily arranged for if the new owner desires to keep the garage or a portion of the garage operational for income.
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  • 434 e 77th St
    Studio
    $14,000,000