500 E 81st St New York, NY 10028

Listing office BKREA b*@bkrea.com Show Phone

Listing date Apr 11, 2026

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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.

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FAQs

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.