Updated 3 years ago
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124 East 61st Street
Upper East Side, Manhattan | Park Ave & Lexington Ave
15 Rooms8 Beds7.5 Baths5,584 Square FeetIncome Property
$5,950,000
floors / apts4 / 6
Lot Size18'x100'
Built Size18' wide
ZoneR8B
Building TypeTownhouse
RE Taxes$62,435
Price Per SF
$1,066
This property was sold for $3,050,000 on 05/03/23.
Outdoor space and views
- Backyard
- Balcony
- Frontyard
- Terrace
Building Amenities
- Voice Intercom
Property Description for 124 East 61st Street
Calling all investors. A unique opportunity to acquire an occupied cash flowing multifamily building in a prime upper east side location.
On the market for the first time in 50 years, this is a rare opportunity to own a 100ft deep, 18ft wide Townhouse expanding over 5,500 sq ft. on a tree lined block between Park Ave and Lexington Ave in the heart of coveted Lenox Hill.
Built in 1910, this four floor Mulitfamily Townhouse is currently configured as a 6 unit income producing rental building with 3 units having access to private outdoor space. The Townhouse boasts an impressive lobby with 12ft ceilings as well as a 40ft backyard accessed by the expansive 3 bedroom duplex apartment that spans the garden level and first floor of the building.
The newly renovated second floor apartment spans the entire length of the building. The kitchen is located to the rear of the apartment allowing ample space for built-in closets, while the exceptional ceiling height, 10ft 9 inch, ensures that the apartment feels light and airy.
The third and fourth floors are currently configured as 4 studio apartments. Each studio has a separate bathroom and kitchen as well as ample built-in closet space. The third floor studio located to the rear of the building has private access to a 13ft x 8 ft terrace, and the fourth floor studio has private access to a 5'6 x 17'3 terrace.
With easy access to Central Park, The Metropolitan Museum of Art, The Guggenheim, art galleries, luxury retailers on Madison Avenue and some of New York City’s finest restaurants such as Daniel, Avra, Le Bilboquet, JoJo by Jean George, Marea, and Sant Ambrose, there has never been a better time to call the Upper East Side home.
A unique opportunity is available to combine with the neighboring townhouse at 122 east 61st Street to create a double wide single family or one large multi-family building. Or purchase the whole portfolio of income producing properties of 122, 124, and 130 East 61st Street. This is a wonderful opportunity for a savy investor looking to build their portfolio.
Currently tenant occupied - 72 hours notice required for all showings. Full income and expense statements are available upon request. Photos have been virtually staged.
Building Details for 124 East 61st Street
OwnershipIncome Property
Building TypeTownhouse
Service LevelVoice Intercom
AgePre-War
AccessWalk-up
Year Built1910
Floors/Apts4/6
Transit and Citi Bike
Subway
59 St
0.08 miles
Lexington Av/59 St
0.08 miles
Lexington Av/63 St
0.12 miles
5 Av/59 St
0.29 miles
68 St-Hunter College
0.38 miles
Citi Bike
E 61 St & Madison Ave
0.15 miles
3 Ave & E 62 St
0.15 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.
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: 88411TH
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