3 Beds
4 Baths
6,730 SqFt
3 Beds
4 Baths
6,730 SqFt
Key Details
Property Type Townhouse
Sub Type Townhouse
Listing Status Active
Purchase Type For Sale
Square Footage 6,730 sqft
Price per Sqft $1,478
Subdivision Lenox Hill
MLS Listing ID RPLU-33422737355
Bedrooms 3
Full Baths 3
Half Baths 3
HOA Y/N No
Year Built 1910
Annual Tax Amount $153,192
Property Description
Elegantly located just off a prime stretch of Madison Avenue on a charming tree-lined block, the building is zoned for both residential and multiple business classes, providing a unique opportunity to redevelop this prime 20' 87' parcel with app. 6,730 ft of interior space and app. 500 ft of exterior, for a total including the lower level of app. 8,070 ft of interiors.
Presently configured with 2 floors noted antique gallery with app 1,340 ft footprint on the ground level and 1st floor, and app (Commercially zoned). 1,340 ft of lower-level space, highlighted by prominent glass vitrines at street level; the building comes with a separate residential entrance that leads to elevator to 3 residential units (5 units total).
A large-sized elevator, designed to transport wide-ranging artworks and furniture, connects every level along with a separate staircase. The 3 upper residential floors currently contain 3 full-floor rental apartments, which can easily be combined into a sprawling triplex with roof deck or converted into other layouts.
Based upon current zoning and entitlements, the building plot comes with a total of 10,500 ft of Air Rights, enabling 1 additional level of interior space (half floor), plus a developable roof terrace.
Adjacent to the premier stretch of high end Madison Avenue boutiques, with convenient access to the Upper East Side's premier cultural and recreational landmarks, the property benefits from robust foot traffic and efficient links to public transportation.
This elegant and adaptable property awaits new owners with a new vision to maximize its potential and underlying value.
For Residential Buyers: Possibility to transform it back to a full residential TH.
For Commercial Buyers: Possibility of building the full lot, as and additional half a floor with a terrace..
Location
State NY
County Newyork
Rooms
Basement Other
Ensuite Laundry Building Other, Washer Hookup, In Unit
Interior
Laundry Location Building Other,Washer Hookup,In Unit
Cooling Electric
Fireplaces Number 3
Fireplaces Type Other
Fireplace Yes
Appliance Washer Dryer Allowed
Laundry Building Other, Washer Hookup, In Unit
Exterior
View Y/N No
View Other
Porch None
Private Pool No
Building
Dwelling Type Townhouse
Story 5
New Construction No
Others
Pets Allowed Pets Allowed
Ownership None
Monthly Total Fees $12, 766
Special Listing Condition Standard
Pets Description Building Yes, No
MORTGAGE CALCULATOR
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