124 EAST 37th STREET NEW YORK, NY 10016
124 EAST 37th STREET NEW YORK, NY 10016 Townhouse FOR SALE
BUILDING FEATURES
Asking Price: $5,995,000
Location:
Located on the south side of East 37th Street between Park and Lexington Avenues.
Block / Lot:
892 / 71
Lot Dimensions:
19’ x 49.42’
Building Dimensions: 19' x 47.4’
(Irr.) (Approx.)
Ground Fl - 3rd Fl: 19’ x 50.1’
(Irr. ) (Approx.)
19' x 39.6'
(Approx.)
Cellar:
4th & 5th Fl: Stories:
5 Plus Cellar
Gross Square Footage:
4,810
Lot Square Footage:
939
Zonaing:
R10
FAR:
10.0
Total Buildable Sq. Ft.
9,390
Assessment (15/16)
$261,501
Taxes (15/16)
$33,615
Historic District:
Murray Hill Historic District Extension
(Approx.) SF (Approx.)
SF (Approx.)
TAX MAP 892 / 71
PROPERTY DESCRIPTION A 19’ wide, 5-story plus cellar, approx. 4,810 SF vacant townhouse located on the south side of East 37th Street between Park and Lexington Avenues. This magnificent townhouse, situated along one of Murray Hill’s most beautiful tree-lined streets is currently configured as three duplex apartments and is ideal for an income producing asset, an owner’s duplex plus income, a foreign government, or a conversion to luxury single family in the near future. A majority of the townhouse was recently gutted providing a purchaser a blank canvas to create their dream project. Each floor is approximately 40’ deep with an extension at the rear plus private outdoor balconies. The building benefits from a multitude of possibilities such as converting each floor to individual floor-through apartments, keeping it as three duplexes using the existing internal staircases or completely transforming it into a single family townhouse. The first duplex consists of the cellar and the ground floor with two full bathrooms and exclusive access to the backyard off of the ground floor. The second duplex consists of the second and third floor with three full bathrooms and the third duplex consists of the fourth and fifth floor with two full and one half bathroom. Furthermore, the potential exists to add a half floor with Landmark’s approval and a roof deck which has tremendous views of the Empire State Building. The townhouse also has a significant amount of unused air-rights, however given its location within the Murray Hill Historic District, any facade alteration, reconstruction, demolition, or new construction would need to be approved by the Landmarks Preservation Commission (LPC). FOR MORE INFORMATION, PLEASE CONTACT: John F. Ciraulo Vice Chairman Capital Markets (212) 696 7700 [email protected]
Michael F. DeCheser Executive Director Capital Markets (212) 660 7772 [email protected]
Darragh Clarke Associate Director Capital Markets (212) 660 7737 [email protected]
Douglas Blankrot Associate Capital Markets (212) 589 5157 [email protected]
CUSHMAN & WAKEFIELD 275 Madison Avenue 3rd Floor New York, NY 10016 nyinvestmentsales.com
Cushman & Wakefield Copyright 2015. No warranty or representation, express or implied, is made to the accuracy or completeness of the information contained herein, and same is submitted subject to errors, omissions, change of price, rental or other conditions, withdrawal without notice, and to any special listing conditions imposed by the property owner(s). As applicable, we make no representation as to the condition of the property (or properties) in question.
BUILDING FEATURES
Asking Price: $5,995,000
Location:
Located on the south side of East 37th Street between Park and Lexington Avenues.
Block / Lot:
892 / 71
Lot Dimensions:
19’ x 49.42’
Building Dimensions: 19' x 47.4’
(Irr.) (Approx.)
Ground Fl - 3rd Fl: 19’ x 50.1’
(Irr. ) (Approx.)
19' x 39.6'
(Approx.)
Cellar:
4th & 5th Fl: Stories:
5 Plus Cellar
Gross Square Footage:
4,810
Lot Square Footage:
939
Zonaing:
R10
FAR:
10.0
Total Buildable Sq. Ft.
9,390
Assessment (15/16)
$261,501
Taxes (15/16)
$33,615
Historic District:
Murray Hill Historic District Extension
(Approx.) SF (Approx.)
SF (Approx.)
TAX MAP 892 / 71
PROPERTY DESCRIPTION A 19’ wide, 5-story plus cellar, approx. 4,810 SF vacant townhouse located on the south side of East 37th Street between Park and Lexington Avenues. This magnificent townhouse, situated along one of Murray Hill’s most beautiful tree-lined streets is currently configured as three duplex apartments and is ideal for an income producing asset, an owner’s duplex plus income, a foreign government, or a conversion to luxury single family in the near future. A majority of the townhouse was recently gutted providing a purchaser a blank canvas to create their dream project. Each floor is approximately 40’ deep with an extension at the rear plus private outdoor balconies. The building benefits from a multitude of possibilities such as converting each floor to individual floor-through apartments, keeping it as three duplexes using the existing internal staircases or completely transforming it into a single family townhouse. The first duplex consists of the cellar and the ground floor with two full bathrooms and exclusive access to the backyard off of the ground floor. The second duplex consists of the second and third floor with three full bathrooms and the third duplex consists of the fourth and fifth floor with two full and one half bathroom. Furthermore, the potential exists to add a half floor with Landmark’s approval and a roof deck which has tremendous views of the Empire State Building. The townhouse also has a significant amount of unused air-rights, however given its location within the Murray Hill Historic District, any facade alteration, reconstruction, demolition, or new construction would need to be approved by the Landmarks Preservation Commission (LPC). FOR MORE INFORMATION, PLEASE CONTACT: John F. Ciraulo Vice Chairman Capital Markets (212) 696 7700 [email protected]
Michael F. DeCheser Executive Director Capital Markets (212) 660 7772 [email protected]
Darragh Clarke Associate Director Capital Markets (212) 660 7737 [email protected]
Douglas Blankrot Associate Capital Markets (212) 589 5157 [email protected]
CUSHMAN & WAKEFIELD 275 Madison Avenue 3rd Floor New York, NY 10016 nyinvestmentsales.com
Cushman & Wakefield Copyright 2015. No warranty or representation, express or implied, is made to the accuracy or completeness of the information contained herein, and same is submitted subject to errors, omissions, change of price, rental or other conditions, withdrawal without notice, and to any special listing conditions imposed by the property owner(s). As applicable, we make no representation as to the condition of the property (or properties) in question.
