502 East 81st Street
502 East 81st Street, New York, NY 10028
BBL 1015770049 · BIN 1091835
- Type
- Condominium
502 East 81st Street is a ground-up boutique condominium at the corner of York Avenue and East 81st — a genuinely scarce product type in Yorkville, where the housing stock skews to pre-war walk-ups, post-war white-brick rentals, and a handful of older co-ops. Developed by Rybak Development and designed by Zproekt Architecture with S20M as design architect, it is a small, ten-story building conceived around full-floor living: roughly ten condominium homes, most occupying an entire floor, each reached by a private elevator landing.
The building rose on a corner assembly that previously held low-rise commercial space, and it delivers what the surrounding inventory largely cannot — new construction, condominium ownership, contemporary ceiling heights and systems, and on-site parking, all on a quiet residential stretch of the far East Side. For a buyer who wants the flexibility of a condominium rather than the board process of a co-op, in a neighborhood that has historically offered very few new condos, 502 East 81st is a rare opening.
The location is the other half of the story: an East End block close to Carl Schurz Park and the East River esplanade, the Second Avenue Q at 86th Street, and the established Yorkville retail of York and First Avenues.
Architecture and residences
The building is a contemporary boutique tower — a restrained masonry-and-glass composition at ten stories, scaled to sit comfortably on a residential corner rather than to dominate it. The design prioritizes light and private outdoor space, with terraces on select homes and a corner exposure that opens views over the low-rise blocks toward the river.
The residences are built around full-floor living. With roughly ten homes across the building, the layouts run to expansive four-bedroom plans, plus a penthouse, each entered through a private elevator landing for the privacy of a single-family floor. New construction here means contemporary ceiling heights, modern mechanical and air systems, high-specification kitchens and baths, and the efficient, light-filled proportions to assess against actual older Yorkville alternatives. On-site enclosed parking and ground-floor retail round out the program.
Ownership and what buyers should know
As a new condominium, 502 East 81st has no co-op board admission — a purchase runs through the condominium's application and right-of-first-refusal process rather than a co-op board package and interview. Financing, leasing, subletting, and pied-à-terre, trust, LLC, and investment ownership should be confirmed in the current declaration, bylaws and house rules. For a buyer who wants new construction, full-floor scale, and condominium ownership on the far East Side, that combination is the building's core case.
The residences are offered under a condominium filing with the New York State Attorney General; confirm that the offering plan has been accepted for filing and review its current amendments. Common-charge and tax projections, finish selections, and closing mechanics follow that plan; we help buyers read it, benchmark the pricing against the limited new-condo set nearby, and structure the deal.
Building staffing and amenities
- Elevator
- YesSource: NYC Department of City Planning records (PLUTO)
- Amenities noted
- GarageSource: The Roebling Team's building profile
Staffing and amenities as our building profile and recent listing records describe them. A feature not listed is not confirmed absent. Outdoor space, parking and some facilities can belong to particular apartments or to a separate owner; confirm access for the specific apartment.
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Buying here? Condo closing costs with a mortgage typically run 3 to 6% of the price. See NYC co-op and condo closing costs, line by line.
What to know if you’re buying
This is a small new-development condominium; establish whether the specific unit is a sponsor sale or a resale before choosing the transaction assumptions. The defining advantages are flexibility and scale: a full-floor, four-bedroom home with private elevator-landing entry, contemporary systems, and the option of on-site parking. Buyers should weigh floor, exposure, and outdoor space, and review the offering plan's common-charge and tax projections alongside current bills and budgets; projections do not fix long-run carrying costs.
The small unit count does not establish current availability. Review active listings and recent transfers, and compare the actual floor and layout of each available home before setting an offer.
What to know if you’re selling
The condominium structure and new construction are the marketing core. Full-floor four-bedroom homes, private elevator landings, on-site parking, and contemporary systems distinguish a resale here from anything in Yorkville's older stock, and condominium ownership itself — no co-op board admission, with financing and ownership rules set by the governing documents — is a draw for the buyer this building attracts.
Benchmark a resale to the limited set of new and recent East Side condominiums rather than to the neighborhood's co-ops, and lead with what is scarce: new construction, full-floor scale, and parking on the far East Side. A resale runs through the condominium's application and right-of-first-refusal process rather than a co-op board; confirm the procedure and timing in the declaration and bylaws. Check current sponsor and resale listings before making a supply claim; a small total unit count does not establish resale availability or pricing strength.
Comparable buildings
If you're considering 502 East 81st Street, also evaluate these nearby Upper East Side and Yorkville buildings:
- 401 East 84th Street — Yorkville full-service building nearby
- 515 East 79th Street — East End cooperative a few blocks south
- 112 East 81st Street — East 81st Street co-op to the west
- 140 East 81st Street — established East 81st Street cooperative peer
- 163 East 81st Street — East 81st Street co-op on the corridor
More Upper East Side buildings
- 455 Main Street (Riverwalk Place) — 2004 condominium by SLCE Architects
- The Channel Club (455 East 86th Street) — 1986 condominium
- 460 East 79th Street — 1960 condominium
- 505 East 79th Street (East River House) — 1963 co-op by Philip Birnbaum & Associates
- 507 East 80th Street — 1925 condominium
- 510 East 80th Street (The Carriage House) — 1986 condominium by SLCE Architects
The neighborhood
For the full corridor — architecture, transit, and pricing across Upper East Side — read The Roebling Team Guide to Upper East Side.
How to read the facts on this page. Items attributed to an offering plan describe the building as it was offered at that filing — unit mix, square footage, the amenity program as planned. They are not a statement about how the building operates today. Tax and compliance figures are sourced separately to current City records and carry their own dates. House rules, staffing and fee policy can change by board resolution without any public filing: treat every policy line here as a starting point for diligence and confirm it with the managing agent. Where this page compares one building or neighborhood to another, that is our analysis of the recorded record — it names the measure, the period and the sample it rests on, and it is an observation about medians rather than a prediction about any particular apartment.
Considering a move at 502 East 81st Street?
Request a private building brief with the relevant comparable sales, current and off-market availability, and an apartment-specific view of value.
646.939.7375 · c.cohen@compass.com