Presenting asolidly structured,16-foot wide, Park Avenue corner townhouse in Upper Carnegie Hill for$1,900,000. The house is in need of renovation and upgrades. It will be DELIVERED VACANT, and is currently a legal 3-family with a 3-family Certificate of Occupancy (CoO) in place.Ascurrentlybuilt, there are approximately ~ 3500 square feet of livable space, plus garden and terrace spaces on several levels, and a private 1-car garage. With windows on three sides, this brick house has both southern and western exposures and is flooded with afternoon sunlight. Less than 5 minutes from Central Park, and two blocks from Mount Sinai Medicals new Guggenheim Pavilion, this house is a great investment in an up-and-coming neighborhood. For Investors: Convert and renovate this into a 1-family, 2-family, duplex or triplex, or leave as a 3-family. Alternatively, convert it into a condominium building with Mt. Sinai Residents, Doctors, and medical personnel. Many layouts and options are available. For Home Owners: Live in the entire 3500 square foot house with a garage, multiple terraces and decks, and plenty of room for the whole family and even a nanny or au pair or take part of the house for the family and supplement with 1 or 2 rental units. House as Currently Built:Ground Floor: 2 bedroom 1.0 bath apartment with a living-room with an open kitchen. Second Floor: 2 bedroom 1.5 bath apartment with living-room and kitchen and a balcony.Third & Fourth Floors: Duplex with 8 bedrooms and 4 bathrooms (4 Bed and 2 Bath per floor) and the kitchen. Air Rights: Approximately 760 square feet of air rights.Garage: The property has his own garage Upper Carnegie Hill gives you a great location, close to the Upper East Side and Mount Sinai Hospital without the higher price tag of similar properties just a few blocks south. For investors, the proximity to Mt. Sinai provides a large pool of high quality tenants right around the corner. For residents, Central Park and the 4/5/6 trains are a few blocks away, along with many cafes, restaurants, museums and other conveniences and activities. Recent Sales Comp: next door, 103 East 101st St. recently sold at a listing price of $1,675,000. It is only 15 wide vs. 16.5 for this house, is on a smaller lot, is not a corner property, and does not have a garage for a car.Market Rate Rentals: in the area for purposes of calculating cash flow and/or cap rate are:Studios: - $1,800 - $2,0001-Bedroom: $2,100 - $2,5002-Bedroom: - $3,000 - $3,500Owners Triplex - $6,000** Prices can vary based on number of bathrooms, outdoor space, washer dryer, utilities, etc.Building FeaturesPrice $1,900,000Lot: 16.5 x 75Lot s.f.: 1238Building: 16 x 60 with 3 story extensionZoning R7-2Additional s.f. ~ yes; can be addedBuilding s.f. ~ 3500FAR as built ~ 2.82Max Far ~ 3.44Year Built circa 1890Landmark: NoSchool District 4; JHS 13 Jackie Robinson (7-8) PS 72 (k-6)Current Taxes ~ $5175** All information is gathered from a third-party source and is deemed reliable.
Architecture Style: Other
Roof Type: Unknown
Rooms: Bedroom, Full Bath, Patio