Cushman &Wakefield has been exclusively hired to sell 164 East 61st Street,
a five-story, mixed-use property comprised of 4 full floor apartments and
a commercial space on the ground floor. The building underwent a full
renovation in recent years which transformed the property to an ultra-high
end townhouse rental building. Each unit was designed, renovated, and
decorated with thought and luxurious materials, creating the ideal live/
work or live/invest opportunity. Each unit boast high ceilings, oversized
windows and personal washers and dryers. In addition, some have skylights,
outdoor space, and bay windows. They were renovated in 2013 with highend
details and are being rented at $96/sf. With the ability to vacate the
residential portion within a year, this is an ideal opportunity to convert the
building to a luxury townhouse in a block where they trade for as much as
$2,500/SF.
The high end renovations and vacant commercial space present the ideal
live/work, live/invest or single family conversion opportunity in one NYC’s
most sought after neighborhoods.