111 Manhattan Ave

This 18’-wide townhouse on the historic “Doctor’s Row” is full of potential. From the original woodwork and fireplaces throughout, to the loft-like top floor, there is tremendous value to be found in this home. Enjoy the rental income from the free-market tenants, or use this home as the canvas for your very own single-family townhouse. With a five-minute walk to Central Park or the nearby subway, and a community garden just around the corner, this neighborhood has a great deal to offer. And at just $4,104, these taxes are unbeatable.

Garden Level:
This floor contains a one-bedroom apartment with its own street entrance. The apartment features garden access, a washer/dryer, and the same hardwood floors that can be seen throughout the entire house. The gas burner and boiler are located in a mechanical room on this floor.

Parlour Floor:
When you enter from the stoop, you find yourself in a foyer where original woodwork graces the mirror and banisters. The living room in the parlour front features a wood-burning fireplace with cheery blue and white checkered tile, while tall windows with original wood shutters look onto the street. Restored wooden pocket doors lead to the kitchen in the parlour rear, with another blue and white checkered fireplace and matching kitchen tile. The kitchen island provides additional counter space, while tall windows look out onto the garden. You’ll find a half-bath just beyond the kitchen.

Third Floor:
The front bedroom on this floor enjoys a gray stone fireplace, a nice big closet, and three tall windows that look onto the street. The rear bedroom features a brick fireplace and a view of the garden. Both bedrooms share an enormous and stylish black-and-white bathroom. A walk-in closet and a linen closet can also be found on this floor.

Fourth Floor:
You enter this floor through charming wooden double doors. The front room gets fantastic light through the three tall windows, and includes a kitchenette and a brick fireplace. In the rear are two bedrooms with garden views.

Beginning in 2000, Vandenberg, The Townhouse Experts, has sold 12 townhouses on Doctor’s Row, located between 104th-106th Streets on Manhattan Avenue. Doctors worked at the nearby historic building at 455 Central Park West, a condominium which was originally built as a hospital in 1884.

Most Manhattan Townhouses have real estate taxes of $30,000 and up. Therefore, these taxes of $4,104 could be considered a savings of $26,000 per year. This money could pay for an additional mortgage of $500,000 at 4% interest, amortized over thirty years. By this logic, you are effectively paying less than $3,000,000 rather than $3,350,000!