This 20’ townhouse, Built 66’ Deep with a 3 story extension is located on a prime park block (between Central Park West and Columbus Avenue), has a garden level entrance set into a rusticated limestone façade. Above, it rises to a graceful bow front and is divided into ten apartments, all with high ceilings and extra storage, many with original fireplaces. Renovated 25 years ago, the interior emphasizes ease of management over decorative niceties, something a subsequent proprietor might want to change, so that the inside of this handsome residence better matches its outward appearance.
Of the ten units, seven are free-market, two are rent controlled, and one is rent stabilized. A buyer wishing to live in the building might choose to either to open up two or more floors and make an owner’s unit, keeping some apartments for income, or secure permission to gut the entirety and create a grand single family home. The wide skylight above the stairwell could be the source of much more illumination in a different configuration, and the imposing ceiling height throughout this property, if the stairwell were opened, would be given full play to create a feeling of spaciousness.
All apartments are individually metered. The boiler is gas and less than 2 years old.
ESTIMATED EXPENSES
| Real Estate Taxes (2006 - 07) |
$ 43,841
|
| Water & Sewer |
1,200
|
| Heat & Electricity |
7,000
|
| Repairs |
5,000
|
| Insurance |
6,000
|
| Total Expenses |
$ 63,041
|
ADDITIONAL INFORMATION
| Tax Class: |
2
|
| Zoning: |
R7-2
|
| Historical District: |
Yes
|
| Landmark: |
No
|
| Floor Area Ratio: |
3.16
|
| Max. Allowable FAR: |
10
|
Price: $ 5,300,000
|
