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124 East 61st St., New York, NY 10065

Active Listing
Listing Details:
$5,950,000 Price
Single-Family Townhouse Property Type
Lenox Hill Neighborhood
8 Beds
7.5 Baths
5,584 Approx. Sq. Ft.
$5,202 RET
Key Features:
Allows Pets
Unit Balcony
Unit Terrace

Calling all investors. A unique opportunity to acquire an occupied cash flowing multifamily building in a prime upper east side location.

On the market for the first time in 50 years, this is a rare opportunity to own a 100ft deep, 18ft wide Townhouse expanding over 5,500 sq ft. on a tree lined block between Park Ave and Lexington Ave in the heart of coveted Lenox Hill.

Built in 1910, this four floor Mulitfamily Townhouse is currently configured as a 6 unit income producing rental building with 3 units having access to private outdoor space. The Townhouse boasts an impressive lobby with 12ft ceilings as well as a 40ft backyard accessed by the expansive 3 bedroom duplex apartment that spans the garden level and first floor of the building.

The newly renovated second floor apartment spans the entire length of the building. The kitchen is located to the rear of the apartment allowing ample space for built-in closets, while the exceptional ceiling height, 10ft 9 inch, ensures that the apartment feels light and airy.

The third and fourth floors are currently configured as 4 studio apartments. Each studio has a separate bathroom and kitchen as well as ample built-in closet space. The third floor studio located to the rear of the building has private access to a 13ft x 8 ft terrace, and the fourth floor studio has private access to a 5'6 x 17'3 terrace.

With easy access to Central Park, The Metropolitan Museum of Art, The Guggenheim, art galleries, luxury retailers on Madison Avenue and some of New York City's finest restaurants such as Daniel, Avra, Le Bilboquet, JoJo by Jean George, Marea, and Sant Ambrose, there has never been a better time to call the Upper East Side home.

A unique opportunity is available to combine with the neighboring townhouse at 122 east 61st Street to create a double wide single family or one large multi-family building. Or purchase the whole portfolio of income producing properties of 122, 124, and 130 East 61st Street. This is a wonderful opportunity for a savy investor looking to build their portfolio.

Currently tenant occupied - 72 hours notice required for all showings. Full income and expense statements are available upon request. Photos have been virtually staged.

Listing courtesy of Compass

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