Townhouse with Lucrative Commercial Component
Standing Tall and Important, 119 East 38th Street is one of the most prominent Townhouses available for Sale. Situated right off Park Avenue, this location has been a superior location for some of the most prominent people throughout history.
At approximately 8000 sq. feet, spread over 6 floors, this property is ideal for many who work from home or those who seek the ideal configuration where the income from the office space offsets the total carrying cost of the property. The four residential floors serviced by an elevator, consists of 4-5 bedrooms, Massive Living Room, Formal Dining Room, Chefs Kitchen, Breakfast Room and Garden Veranda overlooking other townhouse gardens and trees. The spaciousness of the Main Living Room floor can host 150 people for a cocktail party and is one of the longest living spaces in a private residence in Manhattan. The upper levels have 4-5 bedrooms all with en suite -bathrooms. The top Floor is a Private Basketball Court with Double Height ceilings. It has 2 large private garden terraces which make for the perfect area of outdoor entertaining. What is truly exceptional about this Townhouse is the ceiling heights which exceed 11ft on three of the four floors. Separate AC by Floor.
The Commercial Component consists of 2 levels of 90-foot-long office space with 8ft. and 13.5ft. ceilings. AC by floor. Perfect for Doctors Office, Law Office, Art Gallery, Foreign Embassy, these are just some of the businesses that this space is IDEAL for. If not interested in putting your own business here, have your commercial tenant pay for all of your expenses. This space can rent out for $15,000-$18,000 on a monthly basis, conservatively.