Showings & open house by appointment only. Magnificent 20'-wide townhouse on a beautiful, tree-lined block off Park Avenue! This 5-story townhouse has 6,750 interior square feet (including a 950 square foot basement) and 500 square feet of outdoor space on three levels. Currently configured as a residence + office with private entrance, It generates $600,000 annually in gross income, perfect for an investor or live + income user. The net operating Income is approximately $510,000, resulting in an attractive 4.25% cap rate at the price of $12,000,000. Additionally, the 1,900 square foot ground floor medical office rents for $240,000 annually. The 4-bedroom residence on the top 4 floors is currently rented for $360,000 annually, but can be delivered vacant. It has 4,300 interior square feet, 500 exterior square feet, and features large rooms, high ceilings, excellent natural light, hardwood floors, and three outdoor spaces. Further beautiful details include six working fireplaces, ornate moldings and millwork, and solid cherry-wood doors. State-of-the-art systems and appliances have been installed in every part of the house and the workmanship is of the highest quality. Great outdoor space on three levels: large terraces at rear of second and third floors and small terrace at the front of the fifth floor. This is a comfortable, charming home in a prime Upper East Side location.
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.
