20’ x 100’ Built 88’ Deep with a 3 story extension.
This turn-of-the-century brownstone is located on a prime block only a few yards from the Park (Between Central Park West and Columbus Avenue). Like many townhouses, it was reconfigured as a multi-unit building before WWII. This one has 10 apartments, and was gut renovated about 25 years ago. While the building could certainly remain a rental property, it could also be re-converted to single family living. The distinguished rusticated stone and gracious pilasters of the façade are waiting only for a little attention to resume all their hauteur. Many of the original carved and mirrored fireplaces still adorn the exposed brick walls of the apartments, testifying, like the soaring 15’ ceilings, to the care and expense once lavished on this home.
This building currently has six free-market rentals, three rent-stabilized units, and one rent-controlled apartment. Arrangements could be made for a multi-floor owners unit to include the parlour floor, leaving apartments above to contribute income. The South-facing garden in the rear would be an ideal summer dining space, and the parlour floor would be breathtaking if reunited.
A new gas boiler provides heat throughout the building. All apartments are individually metered.
ESTIMATED EXPENSES
| Real Estate Taxes (2006 - 07) |
$ 44,593 |
| Water & Sewer |
1,200 |
| Heat (gas) & Electricity |
7,000 |
| Repairs |
5,000 |
| Insurance |
6,000 |
| Total Expenses |
$ 63,793
|
ADDITIONAL INFORMATION
| Tax Class: |
2B |
| Zoning: |
R7-2 |
| Historical District: |
Yes |
| Landmark: |
No |
| Floor Area Ratio: |
3.73 |
| Max. Allowable FAR: |
10 |
Price: $ 5,300,000
|
