Updated 18 hours ago
Upper East Side, Manhattan | Park Ave & Lexington Ave
18 Rooms7 Beds4 Baths9,500 Square FeetMixed Use

$11,995,000
floors / apts5 / 1
Lot Size19'x100'
Built Size19' wide
ZoneR8B
Building TypeTownhouse
RE Taxes$96,940
Price Per SF
$1,263

Listing Features

  • WBFP

Outdoor space and views

  • Terrace

Building Amenities

  • Voice Intercom
  • Roof Deck

Property Description

111 East 61st Street represents the rare opportunity to acquire a grand and spacious mixed-use townhouse, with legal use inclusive of office space. The building has a width of 19 feet on a 100 foot lot, and is built 9,500 square feet, and the grandiosity and location of the building make it ideal for a foundation, private office, private gallery, commercial usage, or residential conversion. The neo-Georgian house was originally built in 1910 and is marked by its stunning brick facade, stone cornice above its main door, and location just off of Park Avenue and East 61st Street. The current ownership utilizes floors 1 and 2 as their office space, while floors 3 and 4 are leased to an office tenant (but can be delivered vacant), and floor 5 is leased to a residential tenant (also can be delivered vacant). Enter on the garden level to a mahogany entrance area that presents a winding, wooden staircase up to the second floor. Also on the garden level is a large conference room, full kitchen, and primary-sized bedroom with en-suite bath. The extension on the building is large and wide, and extends to the top of the house. On the second floor the ceilings are very high and there are two powder rooms as well as a full kitchen. This floor is used as the ownership's office and therefore utilized as more conference area and reception. The third and fourth floors are currently leased to a company, Burgess Yachts, but the lease has expired and it can be delivered vacant. There is an additional renovated kitchen on the third floor, a renovated powder room, and two planted outdoor terraces, as well as an additional large terrace off of the back of the fourth floor. The fifth floor is leased to a residential tenant, and spans the entire top floor, with a beautiful south facing terrace. galley kitchen, full bathroom, large primary suite with fireplace, and extension, currently utilized as a children’s room. The roof, facade and mechanicals are in excellent condition. Offered for $11,995,000, an incredibly low price per square foot for such a prominent building, and a smart investment for any investor or end user.

Listing History

Now
09/05/2022
$11,995,000
Initial Price by Ian Slater
Compass
Launch

Building Details

OwnershipMixed Use
Building TypeTownhouse
Service LevelVoice Intercom
AgePre-War
AccessWalk-up
Floors/Apts5/1
Learn More About the Building

Transit and Citi Bike

Subway

59 St
0.11 miles
Lexington Av/59 St
0.11 miles
Lexington Av/63 St
0.12 miles
5 Av/59 St
0.27 miles
68 St-Hunter College
0.36 miles

Citi Bike

E 59 St & Madison Ave
0.15 miles
3 Ave & E 62 St
0.17 miles

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.

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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: 87719TH