$14,750,000 $15,995,000
Updated 19 hours ago
Raymond C. Kramer House
Upper East Side, Manhattan | Madison Ave & Park Ave
12 Rooms8 Beds7 Baths7,000 Square FeetMulti-Family

$14,750,000 $15,995,000
floors / apts5 / 2
Lot Size20'x102'2"
Built Size20'x57'
ZoneR8B
Building TypeTownhouse
RE Taxes$111,300
Price Per SF
$2,107

Listing Features

  • Original Details

Outdoor space and views

  • Backyard
  • Garden
  • Patio
  • Terrace
  • City Views
  • Garden Views
  • Treeline Views

Building Amenities

  • Voice Intercom
  • Elevator
  • Garden
  • Laundry Room
  • Outdoor Parking
  • Roof Deck
  • Second Entry
  • Storage

Property Description

32 East 74th Street. An Icon of Modernist Design and Architectural History. Repriced! Now $14,750,000. Designed by William Lescaze, a pioneer of the European International Style, the Swiss architect helped introduce modernist architecture to America. This iconic modernist residence was completed in 1935 and commissioned by the prominent textile and WWII Distinguished Service Medal recipient Richard Kramer. The current ownership completed a gut renovation of the interiors both mechanically and cosmetically including the installation of an elevator in 2017. This offering presents the unique opportunity to own a one of a kind piece of modernist architectural history on arguably one of the finest Upper East Side locations. Built 20’ X 57’ on a 102’ lot this property is in excess of 7,000 sf. The home has been converted into three duplex rental apartments designed for investment or multi-generational living. Each apartment has brand new kitchens with high-end appliances and some have private outdoor space. Each unit also has its own washer/dryer, central air conditioning, central vacuum, and private keyed elevator access. The home’s original exterior and design have been preserved including Lescaze’s stunning trademark glass brick window wall. There is an expansive use of glass windows on both facades, complemented by plenty of private outdoor space including a lower garden and roof terrace. There is also the opportunity to convert this home back to a stunning single-family modernist townhouse (8 bedrooms+ with Elevator) with many interior and exterior possibilities. The current configuration lends itself well to an owner-user looking for a piece of collectible real estate with the ability to live and work from home, or have a family compound. Showings are by appointment only with 24hrs notice with proper health and safety precautions taken. The house will be delivered vacant and in as is condition.

Listing History

Now
03/23/2021
$14,750,000 [-$1,245,000] [7.8%]
Price Drop by Todd Vitolo
Compass
2021

Building Details

OwnershipMulti-Family
Building TypeTownhouse
Service LevelVoice Intercom
AgePre-War
AccessElevator
Year Built1935
Floors/Apts5/2
Learn More About the Building

Transit and Citi Bike

Subway

77 St
0.24 miles
68 St-Hunter College
0.33 miles
72 St
0.42 miles

Citi Bike

E 72 St & Park Ave
0.12 miles
E 76 St & Park Ave
0.13 miles
8
59
1

Upper East Side | Manhattan

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.

All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer.
OLR ID: 25957TH