164 East 61st Street, New York, NY 10065

Upper East Side, Midtown East, New York, New York 10065

$10,995,000  

Listing ID Number

22465

Property Description

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.

Overview

Building Type:Live Plus Income Buildings, Mixed-Use Investment Buildings, Mixed-Use User Buildings, Townhouses
Location:Upper East Side
Lot Dimensions:20 x 100.42
Stories:5
Residential Units:4
Commercial Units:1
Zoning:R8B
FAR:4.0

Documents

Contact

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Aerial View


The information contained herein has either been given to us by the owner of the property or obtained from sources that we deem reliable. We have no reason to doubt its accuracy but we do not guarantee it. All zoning, buildable footages and uses must be independently verified. Vacancy factors used herein are an arbitrary percentage used only as an example. It does not necessarily relate to actual vacancy, if any. The value of this investment is dependent upon these estimates and assumptions made above, as well as the investment income, the tax bracket, and other factors which your tax advisor and/or legal counsel should evaluate. THE PROSPECTIVE BUYER SHOULD CAREFULLY VERIFY EACH ITEM OF INCOME, AND ALL OTHER INFORMATION HEREIN.