121 East 83RD Street, New York City, NY 10028
Listing Courtesy of Leslie J Garfield & Co Inc
$11,450,000
Potential Rebate: $171,750
Overview
121 East 83rd Street presents a rare chance to own a historic 25-foot-wide Carriage House on a charming, tree-lined street in the heart of the Upper East Side, just blocks from Central Park and Museum Mile. This distinguished property boasts a rich history, having originally served as a private stable for Frank W. Woolworth, the retail magnate who founded the F.W. Woolworth Company. It later became the studio and private residence of renowned photographer Carl Fischer, its most recent owner, where some of the worlds most iconic magazine covers were created. Currently, the property is configured with doctors offices on the ground floor and basement, and a residential duplex above, encompassing a total of 7,825 square feet. While 121 East 83rd Street can continue to be used as an income producing asset, it also offers tremendous potential for conversion into a grand single-family home. Highlights include a curb-cut for private parking, 13' ceilings on the ground floor, ample space for creating a terrace or roof deck, and available Floor Area Ratio (FAR) to expand the property to a total of 10,420 square feet. Located on the prestigious Upper East Side, this property is nestled in a vibrant neighborhood known for its elegant brownstones, world-class museums, and proximity to Central Park. Residents enjoy an array of upscale dining, shopping, and cultural experiences, making it one of the most desirable areas in New York City.
Home Features
- •In Unit
- •Smoke Free
- •Washer Dryer Allowed
Estimated Monthly Payment
$56,579 per month
30 year fixed, 6.28% Interest
Estimated Rebate for this Home
One-time rebate at closing
$171,750
Monthly savings impact
$477/mo
💡 Estimated at 1.5% of purchase price
The rebate is paid to you at closing and can help offset closing costs or other expenses.
Calculator Disclaimer: This calculator provides estimates for informational purposes only. Actual monthly payments, interest rates, taxes, and rebate amounts may vary. The rebate calculation is an estimate and subject to final terms. This information is not provided by the Real Estate Board of New York (REBNY).
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RLS IDX Data display by Real Estate Rebate Team. This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. ©2025 The Real Estate Board of New York, Inc., All rights reserved. IDX information is provided exclusively for consumers’ personal, non-commercial use and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer and for no listing shall the number of bedrooms listed be considered a legal conclusion.
The Real Estate Rebate Team
Listing Courtesy of Leslie J Garfield & Co Inc
Data Source: TRESTLE #RLS20004185
Price Analysis
Compare average listing prices and value metrics for 121 East 83RD Street against the surrounding Upper East Side market.
Average List Price
Price Per SqFt
4.90% Higher
than the Upper East Side price-per-sq-ft average
This building commands a premium compared to the neighborhood baseline. This typically indicates superior amenities, newer construction, or prime positioning within Upper East Side.
Upper East Side
Overview of Upper East Side
The Upper East Side (UES) is the epitome of classic New York wealth and culture. Stretching from Central Park to the East River, it is home to Museum Mile, Madison Avenue fashion, and some of the most prestigious addresses in the world. For buyers seeking Upper East Side Manhattan real estate, it offers a lifestyle of polished elegance and safety.
Living in the Upper East Side ranges from the ultra-luxury of Fifth Avenue to the bustling, younger energy of Second Avenue. As a premier Manhattan NYC neighborhood, it remains the gold standard for residential stability and top-tier schools.
Real Estate & Housing Market
The market for homes for sale in the Upper East Side is surprisingly diverse. While famous for $20 million townhouses and co-ops, the eastern avenues (Yorkville) offer excellent value for studios and one-bedrooms.
It is valid to say it has two markets: the "Gold Coast" west of Lexington (historic, expensive, co-op heavy) and the area east of Lexington (more condos, more rentals, more affordable).
Lifestyle & Community
The lifestyle on the UES is refined. Residents spend weekends at the Met or the Guggenheim, jogging in Central Park, and dining at established bistros. It is less trendy than downtown but more livable.
The community is generational. You will see grandmothers and toddlers who both grew up in the neighborhood. It feels established, clean, and manicured.
Transportation & Accessibility
The Upper East Side was transformed by the Second Avenue Subway (Q train), which relieved pressure on the 4/5/6 line. Now, the area feels incredibly connected to Midtown and downtown.
The crosstown buses through the park (at 65th, 79th, 86th, 96th) are vital lifelines to the West Side.
Parks, Schools & Amenities
Central Park is the neighborhood's front yard. Carl Schurz Park on the East River is a hidden gem with a dog run and promenade.
Amenities are world-class. The area has the highest concentration of private schools in the city (Dalton, Spence, Chapin) and top hospitals (Lenox Hill, Mt Sinai), making it a magnet for families and professionals.
Who This Neighborhood Is Best For
The Upper East Side is best for families, culture lovers, and anyone who wants a classic, safe, and green New York City experience.
