Single Family, 121 East 81st Street #, Upper East Side - Real Estate New York

Description

37' of Frontage on 81st Street Not Landmarked or in a Historic District PRICED TO SELL Situated in the heart of the Upper East Side on a lovely townhouse block just off Park Avenue sit two contiguous townhouses located at 121-125 East 81st Street. This very unique and seldom found 37' x 102’ lot that spans both townhouses and encompasses roughly 9,400 square feet above grade is and for sale for the first time in many decades. Originally constructed in 1899, this remarkable five story property was the private residence and office of a very famous designer and music entrepreneur who lived in both as a primary residence and personal office. Below are the details of each of the houses: 121 East 81st Street - Dimensions: 20’ x 50’ - Stories: 5 - Approx. 5,390 sqft (above grade) - Lot: 20’ x 102.17’ (2,043 sqft lot) - Zoning: R8B - Annual Taxes: $75,966 - Residential FAR: 4 - Maximum usable floor area (subject to verification): 8,172 sqft - Not landmarked 125 East 81st Street - Dimensions: 17’ x 44’ - Stories: 4 - Approx. 3,984 sqft (above grade) - Lot: 17’ x 102.17’ (1,737 sqft lot) - Zoning: C1-8X - Annual Taxes: $71,429 - Residential FAR: 4 - Maximum usable floor area (subject to verification): 6,948 sqft - Not landmarked Located in a 4 FAR zone, these townhouses have a total allowable buildable size of 15,000 sq ft (subject to approvals) offering prospective buyers endless opportunities for reimagining and reconfiguration of the space and the chance to make their own mark on this prestigious property. Whether as a private residence, a live/work space, or a new construction project, the possibilities are as vast as the property's potential especially in light of the fact that the properties are not landmarked or in a historic district. Please note that the two houses are still two separate tax lots but have been opened between the two houses on both the third and fourth floors. The buildings have been immaculately maintained and will be delivered vacant. This is a co-exclusive with Lauren Muss. Listing courtesy of Leslie J Garfield & Co Inc ...
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