At 18.83’-wide on a full 92’ lot, 147 East 18th Street presents a fantastic opportunity to own a free-market townhouse in the heart of the Gramercy Park neighborhood, only steps from Irving Place and the Park.
Currently configured as three income-producing units, this property can serve as live-with-income or, like many of the properties on the block, convert back to a luxurious, single-family, downtown home.
Current ownership is in the process of obtaining approval from the Landmarks Preservation Commission (LPC) to expand the current floorplate with a rear yard extension and a fifth-floor penthouse pop up. Maximum allowable F.A.R. allows for approximately 6,932 square feet, not including a potential excavated cellar and multiple outdoor spaces.
The light filled garden is truly spectacular. With a full lot size and views in all directions of other townhouse gardens, 147 East 18th Street is an excellent candidate for developers, end-users and investors alike.