364 East 69th Street is a two-family townhouse with approx. 3,930 SF spread over four levels. The garden and the basement levels are fully built on the 77' deep lot (a rarity indeed for the block and area), and is currently set up for community facility use (possible uses include medical, non-profit and government). This enables the private residential residence on the upper two floors to enjoy a raised and extraordinarily sunny south-facing garden. On a short-and-medium-term basis, the community space offers close proximity to The Hospital for Special Surgery (2 blocks), Memorial Sloan Kettering (2 blocks), New York-Presbyterian / Weill Cornell Medical Center (two blocks), Manhattan, Eye, Ear & Throat Hospital (six blocks) and The Animal Medical Center (9.5 blocks).
On a long-term basis, 364 East 69th Street also offers great and unique potential. This special home comes with DOB approved plans to add two full and one partial floor for a total of approximately 6,200 interior SF, with residential private outdoor spaces spread over four levels while simultaneously retaining full use of the community space, a sector of the "commercial" market that will always require in-person attention. Please see "approved" set of floor plans.
This home is a great opportunity for the savvy buyer looking to design their dream house, today or tomorrow while taking advantage of additional passive income. The house is also ideally located for easy access to some of the best public and private schools as well as a plethora of shops and restaurants. Annual RE taxes are a low $41,186p.a.
Quick Profile
Exuding a cosmopolitan, refined air that is reminiscent of Paris or other European cities, the Upper East Side (the UES, to local cognoscenti) has a reputation as being a bastion of wealth and privilege. Even though it was built by American “royalty” families like the Vanderbilts, Roosevelts, Kennedys, Carnegies and Rockefellers, whose elaborate mansions once anchored Fifth Avenue, there are affordable housing options throughout the neighborhood. The further east you move, away from Central Park and the more commercial avenues, the more likely you are to find quiet, tree-lined streets with historic townhouses and brownstones. Keep your eye out for reasonably priced apartments in pre-war low-rise and even a few high-rise buildings.
With abundant, beautifully landscaped green spaces, including the oasis of Central Park acting like a backyard, the area is quiet and lushly green. You can relax and unwind in John Jay Park, Carl Schurz Park or take a stroll along the East River Promenade. The whole neighborhood seems isolated from the workaday chaos of the city at large. Add to that the history of the neighborhood and the abundance of cultural institutions, and you have a uniquely welcoming neighborhood.
Known for its abundance of high-end retail shopping, especially on Madison Avenue, the Upper East Side is host to the Barneys New York flagship department store. Here you can find upscale goods, fashion and home decor items. You will also find the edgy runway-inspired Alexander McQueen collections. If you are dying to treat your feet to red-soled opulence, be sure to visit the Christian Louboutin boutique. These are only a small sampling of this high-end shopper’s paradise that features everything from designer boutiques that offer the ultimate in haute couture to resale shops where you can find last season’s best on sale at hefty discounts .
There are many unique dining experiences, from fine dining to the casual bite-on-the-go, awaiting you in the UES. Sushi is going through a renaissance in the city, and the best omakase-style sushi can be found at Sasabune on E 73rd Street. Omakase sushi means that you leave the choice of ingredients, preparation method and presentation to the chef. Elegant French cuisine can be experienced at JoJo, E 64th Street, housed in gorgeous townhouse. Just for fun, visit the Lexington Candy Shop on Lexington Avenue, to get a taste of an old-fashioned soda fountain.