$6,350,000 $6,450,000
Updated a month ago
Upper East Side, Manhattan | Third Ave & Second Ave
15 Rooms6 Beds5 Baths5,199 Square FeetMixed Use

$6,350,000 $6,450,000
floors / apts4 / 3
Lot Size20'3"x102'2"
Built Size20'3"x102'2"
ZoneR8B
Building TypeLow-Rise
RE Taxes$74,789
Price Per SF
$1,221

Outdoor space and views

  • Deck

Building Amenities

  • Voice Intercom
  • Garden

Property Description

VERY UNIQUE PROPERTY and LAYOUT Wake up to birds chirping and come home to water your outdoor garden. In the heart of the Upper East Side, this South facing, very private and secure 20 foot wide, 102 foot deep, multi-use town-home is very easy to manage and boasts 6 bedrooms/4 full baths spanning 4000 square feet of residential space while providing income to cover all costs and taxes and producing a decent and increasing income stream after expenses. The current use and layout is an owner duplex on 2nd and 3rd floors with 3 bedrooms/3 baths, outdoor private deck, large movie room with 10 foot screen, generous and open dining/kitchen area, separate staircase and 10 foot ceilings. Duplex is nearly 3000 square feet (outdoor deck included). Cat 6 Ethernet cabling in all rooms. You cannot buy a duplex this size in the UES for under $4 million or rent one (if it exists) for under $12,000. The fourth floor is currently used as a 3 bed/1 bath 1000 square foot floor apartment with skylights. Rent on top floor is currently $3750 but easily can be $4100 or more in this market. 1st Floor is a no-hassle commercial office that pays $14,328 a month plus approximately $12,000 towards property taxes and 1/3 waste and water bill. Commercial lease rent steps up 3% each year every November 1 and in 2023 it increases 5% then 3% each following year. ALL rents were always paid on time and no concessions were needed at all for the pandemic. All units are sub-metered and pay their own electricity. 3 security cameras outside and in entrance. Video intercoms in residences. There are also 3000 square feet of buildable Air Rights. One block from Q train and 3 blocks from 4,5,6 train. 4 blocks from Central Park and the Met and 4 blocks from Carl Shurz Park. Many of NYC’s best schools in the area. Whole Foods and Fairway both a couple of blocks away. Plenty of dining and shopping in immediate area. Contact Owner for private viewing 2022 estimated gross rents and payments approx.$231,000 2023 estimated gross rents and payments approx. $241,000

Listing History

Now
05/19/2022
$6,350,000 [-$100,000] [1.6%]
Price Drop by Danielle Higgins
227 E. 84th Owner
05/13/2022
$6,450,000
Initial Price by Danielle Higgins
227 E. 84th Owner

Building Details

OwnershipMixed Use
Building TypeLow-Rise
Service LevelVoice Intercom
AgePre-War
AccessWalk-up
Year Built1901
Floors/Apts4/3
Learn More About the Building

Transit and Citi Bike

Subway

86 St
0.13 miles
86 St
0.17 miles
77 St
0.39 miles

Citi Bike

E 85 St & 3 Ave
0.05 miles
E 81 St & 3 Ave
0.17 miles

Contact Agent

Contact Agent

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: 86044TH