A private sale of a legendary Upper East Side spacious townhouselocated at 73rd street between Park and Madison Avenues with anopportunity to add up to three stories. There will be instant approvalfor a Family and Staff, and under private ownership: complete freedomto secure and renovate as desired. This would be an ideal DiplomaticResidence, Mission or Consulate.This fabulous Queen Anne style townhome was built in 1910 and is a citylandmark located steps from the Central Park, the "Museum Mile", MetropolitanMuseum, and the very best schools. The area is well known for its high profileneighbors and represents most secure and safe neighborhood in the country.Such personalities as George Soros, Harry Bela>Property Tax Bill $105,000.00Operating Expenses $205,000.008 Studios, and 10 One Bedroom apartments, 4 of which are large floor through.• Huge basement• Washing machines and dryers• Storage rooms• New Roof• New boilerRecently sold:08/24/2012 - 26 E 73rd St, 6900 SF - $21M/ $3043 per SF 01/08/2013 -108 E 78thSt,5,436 SF - $7.91M / $1455 per SF 05/15/2013 - 740 Park ave, 10,000 SF -$52.5M / 5250 per SFMedium is $3249 per SF Estimate: $3249 per SF x 12,321 SF = $40MTo increase the income renovation needs to be done, up to three more storiescan be also constructed. According to RTD, monthly luxury rent in the area is$11.32 per sq. ft per year. The property may also be converted to a boutiquehotel and is expected to collect around $4,5 million a year at 19,714 sq. ft.with 3 stories added.
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