East 73rd Street property will be sold as part of bankruptcy proceedings

The property on 73rd Street formerly owned by Grace Kelly. (Getty, StreetEasy)

February 12th, 2021, by Erin Hudson

An Upper East Side building with a storied past is about to hit the market.

The 35-foot-wide property at 51-53 East 73rd Street, which was owned by Grace Kelly before she became European royalty, is slated to list next month. Built in the 1880s, the building is between Park and Madison avenues, two blocks from Central Park.

Until recently, the property was split between rental apartments and medical offices, though all tenants have been gone since a year ago. Greg Corbin of Rosewood Realty Group, who is handling the sale, said it will be marketed as a single-family mansion development opportunity.

Shaun Rose, who is also working on the listing for Rosewood, noted that the 12,000-square-foot home also has air rights that could allow a new owner to expand the property by about 2,000 square feet. Both declined to comment on pricing.