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146 East 89th St, New York, NY 10128

$5,675,000
Active Listing
Listing Details:
$5,675,000 Price
Multi-Family Townhouse Property Type
Carnegie Hill Neighborhood
7 Beds
7 Baths
5,483 Approx. Sq. Ft.
$4,597 RET
Key Features:
Fireplace
Prewar
Allows Pets
Rooftop Access
Unit Balcony
Unit Garden
Description:

RARE OPPORTUNITY TO ACQUIRE ONE OUT OF THE SEVEN HISTORIC TOWNHOUSES IN THE PRESTIGIOUS RHINELANDER DISTRICT ON THE UPPER EAST SIDE.

Built in 1910, 146 East 89th is the largest of the 5 remaining houses on the block. Located in the Rhinelander District of the Upper East Side, this rare historic four-story townhouse is currently configured as a 5 units Multi-Family. This property can be converted to a gorgeous Single Family, Owner's Unit with Rental Income, or kept as-is. Can be delivered vacant.

The property is built approximately 13 feet by 77 feet deep and is situated on a 21 by 101 foot lot.

The first floor is divided into two apartments: the front unit is a one-bedroom duplex while the rear unit is a two-bedroom duplex with access to a private south facing garden.

The second and third floors each contain a floor-through two-bedroom unit with a private balcony/deck.

The fourth floor is a two-bedroom duplex with annex and roof deck access.

This is an extremely rare opportunity to acquire an entirely free market building on the Upper East Side. The building, which boasts tremendous character and history, has light and air on three sides, original fireplaces, and a south facing garden.

The Rhinelander District is one of the smallest historic districts in New York City, comprised of seven buildings on the corner of East 89th Street and Lexington Avenue. These seven homes were originally designed as 'French Flats', which exemplified a distinct social status at a time when many New Yorkers shared living quarters in tenement buildings. The Rhinelanders, one of New York's oldest and wealthiest landlords in the 18th and 19th centuries, hired renowned architect Henry Hardenbergh whose rsum included the Dakota, the Waldorf Astoria, and the Plaza to design these homes with an aura of romance and sophistication.

Traditionally one of the most mature and stable rental markets in Manhattan, this Upper East Side building is located just three blocks from the 4, 5, and 6 subway lines at East 86th Street and Lexington Avenue.

Listing courtesy of Compass

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