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    303 E 37Th St New York, NY 10016

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    For Sale
    Contact for pricing

    Prewar building with significant development potential in Midtown East.

    Property size:
    80,000 SF
    Lot size:
    0.38 Acres

    Property Features for 303 E 37Th St

    General Information

    Size
    80,000 SF
    Lot size
    0.38 Acres

    Source: The Corcoran Group | Chelsea/Flatiron Agent Meris G Blumstein

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Midtown East Development Opportunity

    This six-story building at 303 East 37th Street offers a boutique feel with amenities including a central laundry room, video intercom system, bike room, dual private storage rooms, and a common courtyard. A live-in superintendent provides maintenance and resident care. The property features 83 apartments, each with prewar character, unique layouts, and architectural details. The building offers a development opportunity with 80,000 square feet of existing space and an additional 80,000 square feet of buildable potential. Currently configured as 83 units, with three rent-stabilized apartments, this cooperative is exploring the dissolution of its current structure.
    Location Intelligence

    Current Use by Public Records

    Hall of Fame Deposition ... Court Reporter LuvHangul Clothing Store Karstadt Lester PE Engineering Consultant Theresa Ventimiglia Legal Services Max Hilaire Photographer

    Suggested Use

    Restaurant Realty agency Hair Salon Spa & Massage Dental Office Nail Salon Food Market Grocery Store Daycare Center Pharmacy

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    New York
    County
    New York
    State
    New York
    Longitude
    -73.9741965
    Latitude
    40.7466692

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    FAQs

    What type of property is this?
    Apartment building - Prewar building with significant development potential in Midtown East.
    Where is this apartment building located?
    The property is located at 303 E 37Th St New York, NY.
    What is the asking price?
    The asking price for this property is $82,500,000.
    What are key features of this property?
    This property features: - Significant development opportunity: 80,000 sq ft existing, plus 80,000 sq ft buildable.; - Premier Midtown East location.; - Opportunity to reimagine a historic property.
    (917) 613-8553
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    303 E 37Th St New York, NY 10016
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    New York, NY 10016
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    303 E 37Th St New York, NY 10016
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