Platinum Properties is pleased to present 124 E 37th street, a five story plus basement townhouse located in prime Murray Hill, Midtown Manhattan. The address offers one of the most central location in all of New York City, close to all Park Avenue South offices, and to the vibrant Midtown South neighborhood hosting all the new technology startups and fashionable hotels. Also, the property is 4 blocks south of Grand Central Station, offering the easiest commute to Uptown, Midtown and Downtown Office Districts as well as the 7 train which offers a fast commute to the new Hudson Yards Office Neighborhood. Currently configured as three duplex apartments, the property can be renovated to luxury rentals yielding over $300,000 of Net Operating Income, or $65/sqft per year in rent. However, this unique opportunity to own a vacant townhouse on a charming tree lined block also provides the owner the choice of converting it to a 4 bedroom single family luxury townhouse with amenities such as a gym and a pool in the basement, an elevator, three floors of living and entertainment space with a patio/garden, 4 large bedrooms with en-suite bathrooms and a roof deck with Empire State Building views, for less than $1,500/sqft. Moreover, there is an extra ~5,000 sqft of unused air rights on the property. With almost no new inventory of townhouses, this building is a unique alignment of conditions to own one of the rarest assets in New York City that offers the greatest value growth potential in the future.
This property is off market, which means it's not currently listed for sale or rent on Zillow. This may be different from what's available on other websites or public sources.
