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153 East 37th St., New York, NY 10016

$3,900,000
Active Listing
Listing Details:
$3,900,000 Price
Single-Family Townhouse Property Type
Murray Hill Neighborhood
-- Beds
0 Baths
-- Approx. Sq. Ft.
$4,797 RET
Key Features:
Fireplace
Prewar
Allows Pets
Unit Laundry
Description:

Midtown Murray Hill. 4 Vacant Fair Market Studios with a mix of 3 occupied rent stabilized. Plus 1 vacant fair market Luxury 2 Bed 2 Bath Duplex with outdoor backyard garden. Close to all transportation Grand Central . United Nations. Consulate.Embassy Diplomatic area. Bryant Park. Park Ave. Lexington Ave. Midtown Tunnel. Times Square. Great investment. Almost a 5 cap proforma.
153
153 EAST 37 STREET
MANHATTAN, NY 10016

Unit Sq Footage Rent Lease Type
G 1470 $9,500.00 Fair Market / VACANT Projected
1A 300 $765.21 Rent Stabilized
2A 300 $2,475.00 Fair Market / VACANT Projected
2B 368 $2,575.00 Fair Market / VACANT Projected
3A 324 $1,542.86 Rent Stabilized
3B 368 $2,550.00 Fair Market
4A 348 $942.03 Rent Stabilized
4B 310 $2,500.00 Fair Market / VACANT Projected
TOTAL - MONTHLY 3503 $22,850.10 Projected
TOTAL - ANNUALLY 2018 $274,201.20 Projected

Expense Category Estimated Annual Cost
RE Taxes $57,564.08
Water / Sewer $3,782.41
Electric $2,023.69
Insurance $5,226.00
Fuel (Gas) $8,392.15
Superintendent $5,000.00
Maintenance Allowance X # Units $1,500 6 $9,000.00
Professional Fees $1,000.00
Miscellaneous $1,000.00
TOTAL $92,988.33

PROJECTED ANNUAL INCOME $181,212.87



Exposed brick. modern appliances. brand new 2 bed 2 bath luxury Duplex with outdoor space and 7 rentable studio apts above.
An exquisitely restored townhouse in Murray Hill. Luxury finishes and a landscaped outdoor garden round out the private owner's Two Bedroom / Two Bathroom duplex. Seven studio apartments located on the three floors above generate income and make this a home as well as investment.
The Town Home:
Up the classic stoop, is the entry to this historic townhouse. The Parlor floor features magnificent high ceilings (13/14 ft), recessed lights and exposed brick details. The Living Room features an open kitchen and grand bay windows that look out on the landscaped garden. The 4' white oak hardwood floors throughout add a modern contrast to the pre-war elements. The Parlor floor also has a porcelain tiled half bathroom.
The open kitchen features a marbled Imperial Danby island countertop and backsplash. The top-of-the-line appliances are integrated into the walnut cabinetry and include a Viking gas range and microwave, Bosch dishwasher and Liebherr refrigerator. The cabinetry is customized with a LeMans pull out pantry and storage to maximize storage and ease of use.
Downstairs on the Garden level, is the Primary Bedroom and Second Bedroom. The Primary Bedroom features exposed brick walls, windows with a garden view and access directly to the garden. The oversized, en-suite Primary Bathroom is fully marbled with honed Asian Statutory stone. The heated floor is accented with herringbone patterned stone. It features Hansgrohe fixtures, Jaclo rain head shower, and an electronic Duravit toilet with bidet and heated seat. A large trough sink with double vanity adds a charm to the modern bathroom. The Primary suite is complete with a grand Walk-In Closet.
The Second Bedroom on the Garden level faces 37th Street and has a beautiful en-suite bathroom. The walls are marbled with Bianco Dolimiti and the floors are stone mosaic. It features a wall mounted toilet and luxurious, deep-soaking tub.
The home is designed to reap the benefits of the immense outdoor garden which is peaceful and elegant. It is fenced with solid Brazillian Cumaru teak and is paved with solid blue stone and intricate Glen-Gery brickwork. Snug Cottage accent hardware and beautiful plantings make this a beloved feature of the home.
The home features central cooling and steam radiated heat and has a washer and dryer. Within this beautiful spacious townhome you will find 4 nicely sized vacant fair market apartments to be used as you wish along with 3 presently occupied apartments on the floors above. All studio units are spacious, outfitted with walk-in closets, and have a separate entrance.
The Location:
The townhouse is located on a picturesque block of East 37th Street, between Lexington Avenue and 3rd Avenue. While the surrounding areas provide proximity to business, United Nations, and the shopping and entertainment districts of Bryant Park and Herald Square, the neighborhood thrives on the livability with local parks, restaurants, and grocers. Residents enjoy the beautiful waterfront of the East River Esplanade and bikeway. Trader Joe's and Equinox Gym are also close by.

Listing courtesy of Time Equities, Inc.

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