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Luxury MultiFamily Property at 17 East 76th Street

Luxury MultiFamily Property at 17 East 76th Street
FOR SALE
View more

$24,700,000

17 East 76th Street, New York, NY 10021

9,411 SF

Square Feet

$2,625

PPSF

5

Units

4.0M

PPU

Property Description

Units

5 — PPU: 4.0M

17 East 76th Street sits midway between Fifth and Madison Avenues, half a block from Central Park, on one of the Upper East Side’s most prized townhouse blocks.


17 East 76th Street produces exceptionally strong annual income. It also presents future potential for conversion to a grand single-family townhouse with scale, elevator service, and modernized infrastructure already in place.


The residence retains the proportions and craftsmanship buyers expect- high ceilings, restored oak pocket-door parlors, and six relined wood-burning fireplaces- while operating with modern infrastructure, including a Swiss-engineered Bucher hydraulic elevator serving the garden through fourth floors and significant upgrades to mechanical, life-safety, and building systems. Outdoor space is unusually substantial for this location, totaling over 1,250 square feet across gardens and terraces, including a private rear garden and a Japanese-landscape terrace garden featured in Architectural Digest.


Built in 1895–96 as one of a sister row of limestone-and-brick residences, the home is known as the “Piscator House,” associated with the German director Erwin Piscator, co-founder of Epic Theatre alongside Bertolt Brecht. Spanning approximately 9,411 square feet across 5½ stories and 20 feet of width, the property was comprehensively reimagined in 2007 and refreshed in 2021–24, with a new Certificate of Occupancy issued in January 2023.


Landmark limestone façades, mature trees, and an intact, protected streetscape define this stretch of 76th- quiet, private, and enduring. The Mark and The Carlyle anchor the immediate corridor, while Sotheby’s new headquarters and Gagosian’s expansion nearby reinforce the area’s longstanding position at the center of New York’s cultural and residential landscape.


Property Details

Asset Type

MultiFamily

Year Built

1896

Zoning

R8B, LH-1A

Neighborhood

Lenox Hill

Submarket

New York

ZIP

10021

Listing Type

sale

Net Operating Income (NOI)

$0

Debt Service Coverage Ratio (DSCR)

0.00x

Cap Rate

0.00%

Cash Flow (Annual)

-$1,405,087

Cash-on-Cash Return

-22.75%

Monthly Debt Service

$117,091

Annual Debt Service

$1,405,087

View on Map

Address

17 East 76th Street

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New York MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale

No investors found in this market.

Contact the Listing Team

Loy Carlos

Loy Carlos

Licensed Associate Real Estate Broker

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Loy Carlos

Loy Carlos

Licensed Associate Real Estate Broker

4 closed

Call