Unique Opportunity in the Upper East Side in New York, NY

April 20, 2024

Location: New York, NY

Size: – acres

Price: $12.9 Million

Specs: 9,400 sq ft

Year: 1899

Rooms: 5 beds, 8 baths

Situated in the heart of New York City’s prestigious Upper East Side, 121 E 81st St. presents a rare chance to own two contiguous townhouses, offering a total of 37 feet of frontage on 81st Street.

Notably, these properties are neither landmarked nor located within a historic district, making them an exceptional find in this coveted neighborhood.

Historical Significance and Architectural Charm

Originally constructed in 1899, these townhouses boast a rich history, having served as the private residence and office of a prominent designer and music entrepreneur.

With a combined lot size of approximately 9,400 square feet and spanning five stories, these buildings exude timeless architectural charm while providing a canvas for modern adaptation and customization.

Property Details

The property at 121 E 81st St features dimensions of 20′ x 50′, encompassing approximately 5,390 square feet above grade.

Meanwhile, its counterpart at 125 E 81st St spans 17′ x 44′ and offers around 3,984 square feet above grade.

Both properties are immaculately maintained, with a total allowable buildable size of 15,000 square feet, subject to approvals.

Endless Potential for Reimagination

Situated in a 4 FAR zone, these townhouses offer prospective buyers limitless opportunities for reimagining the space.

Whether envisioned as a private residence, a live/work space, or a new construction project, the possibilities are vast, especially given the absence of landmark designation or historic district restrictions.

Modern Comforts and Convenience

With a total of 5 bedrooms and 8 bathrooms between the two townhouses, these properties offer ample space for comfortable living.

Modern amenities include central air conditioning, an elevator, and a garden, providing a blend of historical charm and contemporary convenience.

Prime Location and Accessibility

Nestled within the esteemed Upper East Side neighborhood, these townhouses offer proximity to world-class dining, shopping, and cultural attractions.

Residents enjoy easy access to Central Park, renowned museums, upscale boutiques, and prestigious schools, embodying the epitome of luxurious New York City living.

Immaculate Maintenance and Vacant Possession

Notably, both townhouses have been impeccably maintained and will be delivered vacant, providing a blank canvas for potential buyers to embark on their vision without the encumbrance of existing tenancy.

This rare offering allows for immediate exploration of renovation, restoration, or redevelopment plans, ensuring a seamless transition for those seeking to make their mark on these distinguished properties.

With their prime location, historical allure, and expansive layout, 121 E 81st St and 125 E 81st St stand as a testament to the enduring appeal of New York City’s Upper East Side and offer a once-in-a-lifetime opportunity for discerning investors and homeowners alike.

Endless Potential and Opportunity

The combined offering of these two contiguous townhouses presents a wealth of possibilities for prospective buyers.

With a total allowable buildable size of 15,000 square feet (subject to approvals) in a 4 FAR zone, the property offers immense potential for reimagining and reconfiguration.

Whether envisioned as a grand single-family residence, a luxurious live/work space, or a new construction project, the expansive lot size and flexible zoning provide the canvas for limitless creativity.

Moreover, the fact that the properties are not landmarked or in a historic district further amplifies the scope for innovation and customization, allowing buyers to tailor the space to their unique preferences and aspirations.

This exceptional opportunity invites investors, developers, and homeowners to seize the chance to craft their own legacy in the heart of Manhattan’s prestigious Upper East Side.

Summary

With its unparalleled location, historical significance, and vast potential for customization, 121 E 81st St presents a unique opportunity to own a piece of New York City’s iconic Upper East Side.

Whether as a private residence or a development project, this property offers the chance to create a bespoke living space tailored to the discerning tastes of its future owner.