Upper East Side Development
For Sale
Contact for pricing
Pending
500 E 81st St, New York, NY 10028
31,042 BSF development site in the Upper East Side.
Lot Size0.07 Acres
Days on Market111
Property Features for 500 E 81st St
General Information
Standard status
Pending
Lot size
0.07 Acres
Property subtype
Land
Listing Agency:
BKREA
(917) 509-9501
Listed By:
Bob Knakal · License #NY 10301211305
Source:
Crexi
Added: Apr 11
Changed: Jul 10
Last Checked: Jul 30 at 2:37PM
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 BKREA
Investment Insights
Based on property information with market context.
Located on the southeast corner of East 81st Street and York Avenue in the Upper East Side, this offering presents a development opportunity with a total of 31,042 BSF. The site includes two tax lots totaling approximately 3,104 SF, with 25 feet of frontage along the Avenue and 98 feet along the side street. Zoned R10, the site allows for a maximum residential FAR of 10.0. Currently, 500 East 81st Street features a 4-story mixed-use building on the corner and a 1-story commercial building in the rear, while 502 East 81st Street is improved by a 5-story elevator building containing 13 units. 502 East 81st Street is currently vacant and will be delivered as-is, allowing prospective developers to begin demolition almost immediately. 500 East 81st Street is partially occupied and will become vacant in early 2023. The location is accessible via the N, Q, R, 4, 5, and 6 trains, providing north and south service throughout the East Side of Manhattan. The FDR highway is less than 1 minute away, offering access to all points in the city and the outer boroughs, including La Guardia Airport, which is 20 minutes away.
Key Highlights
- 31,042 BSF development opportunity in the Upper East Side.
- R10 zoning district with a maximum residential FAR of 10.0.
- Two tax lots totaling approximately 3,104 SF with 25’ of frontage along York Avenue and 98’ along East 81st Street.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
21,711
Businesses Nearby
Explore this area
Business Placement
Demographics for 10028, NY
48,116
Population
29,535
Households
1.6
Avg Household Size
39
Median Age
83%
College-Educated
98%
High-School Grad
0.3 sq mi
ZIP Area
160,387
Density / Sq Mi
$168,125
Median Household Income
$116,860
Median Earnings
$2,702
Median Rent
$1,600,400
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Commercial land - 31,042 BSF development site in the Upper East Side.
Where is this commercial land located?
The property is located at 500 E 81st St New York, NY.
What are key features of this property?
This property features: 31,042 BSF development opportunity in the Upper East Side.; R10 zoning district with a maximum residential FAR of 10.0.; Two tax lots totaling approximately 3,104 SF with 25’ of frontage along York Avenue and 98’ along East 81st Street.
