A Once In A Generation Opportunity

17 East 76th Street sits midway between Fifth and Madison Avenues, half a block from Central Park, on the Upper East Side’s most prized townhouse blocks. 17 East 76th Street is a 5-unit investment property with exceptionally strong annual income and long-term upside, while also presenting potential for conversion to a grand-single family townhouse. 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 51⁄2 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.