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Elevatored Apartment Building
For Sale
Contact for pricing
Pending

121 East 37th Street, New York, NY 10016

Twelve-unit building with storage, laundry facilities, and a recently installed boiler in Murray Hill.

Property SizeContact for details
Days on Market47

Property Features for 121 East 37th Street

General Information

Standard status Pending
Elevators Yes
Property subtype Multifamily
Zoning R8B

Units

Unit Mix 11 x 1BR, 1 x loft
Multifamily Units 12

Additional Details

Public Transit Yes

Amenities

storage space
laundry room

Building Details

Buildings 1
Listing Agency: Matthews
Listed By: Brock Emmetsberger · License #NY 10301208301
Source: Crexi
Added: Jul 21 Changed: Sep 1 Last Checked: Sep 2 at 11:11PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Matthews

Investment Insights

Based on property information with market context.

This elevatored apartment building spans a 25-foot-wide footprint and contains 12 apartments, including eleven 1BRs and one loft. Four units are occupied by rent-stabilized tenants, while the remaining apartments are vacant. Residents have access to storage space and a laundry room, and the property has a brand new boiler. Apartments on floors 2-5 feature 12-14’ ceilings.

Located in Murray Hill, the building is five blocks from Grand Central Terminal. R8B zoning supports medical and dental professional uses as well as community facility end-users, providing flexibility beyond the existing residential configuration.

Key Highlights

  • 12 units configured as eleven 1BRs and a loft
  • Four rent stabilized tenants; balance of units vacant
  • 25’ wide elevatored apartment building

Property Analytics

Current Use

Novo121 Vacation Rental

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Pet Grooming Service Butcher Buffet Locksmith Parking Lot & Garage

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

12
Residential units

Location Intelligence

Trade Area within ½ mile

82,950
Businesses Nearby

Demographics for 10016, NY

62,336
Population
36,985
Households
1.7
Avg Household Size
34
Median Age
82%
College-Educated
97%
High-School Grad
0.5 sq mi
ZIP Area
124,672
Density / Sq Mi
$153,065
Median Household Income
$107,691
Median Earnings
$3,321
Median Rent
$928,400
Median Home Value

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Apartment building - Twelve-unit building with storage, laundry facilities, and a recently installed boiler in Murray Hill.
Where is this apartment building located?
The property is located at 121 East 37th Street New York, NY.
What are key features of this property?
This property features: 12 units configured as eleven 1BRs and a loft; Four rent stabilized tenants; balance of units vacant; 25’ wide elevatored apartment building
(646) 933-2620 Call to check price and availability
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