121 East 81st Street
$12,995,000
($1,382 per ft2)
| 5 beds, 6+ baths | Approx. 9,400 ft2
29 days on Market
Key Details
-
Listed: Apr 19, 2024Days on Market: 29Building Type: TownhouseNeighborhood: Carnegie Hill (Manhattan)
Monthly Real Estate Taxes:
$12,283
Total Taxes & Fees:
$12,283
($1.31/ft2)
Est. Monthly Mortgage:
$69,654
Mortgage calculator
Total Est. Monthly Carrying Cost:
$81,937
($8.72/ft2)
Note: the above is based on a down payment of 20% ($2,599,000),
which is the minimum amount permitted by the building.
Insider Highlights
- Location and Size: This spacious property is located in the prestigious Carnegie Hill neighborhood in the Upper East Side, offering a unique and seldom found 37’ x 102’ lot with approximately 9,400 square feet above grade.
- History and Charm: Originally constructed in 1899, this pre-war townhouse adds a historical charm to the property. It was the private residence and office of a famous designer and music entrepreneur, adding to its unique history.
- Flexibility and Potential: The townhouses are not landmarked or in a historic district, offering flexibility for renovations or reconfigurations. The property is in a 4 FAR zone, allowing a total buildable size of 15,000 sq ft (subject to approvals).
- Versatile Use: This property offers a variety of possibilities for use, including a private residence, a live/work space, or a new construction project.
- Condition and Features: The buildings have been immaculately maintained and will be delivered vacant. The property features northern exposures and a garden.
- Value for Money: The property is priced to sell, offering potential value for money.
Description
37’ of Frontage on 81st Street
Not Landmarked or in a Historic District
PRICED TO SELL
Situated in the heart of the Upper East Side on a lovely townhouse block just off Park Avenue sit two contiguous townhouses located at 121-125 East 81st Street. This very unique and seldom found 37’ x 102’ lot that spans both townhouses and encompasses roughly 9,400 square feet above grade is and for sale for the first time in many decades.
Originally constructed in 1899, this remarkable five story property was the private residence and office of a very famous designer and music entrepreneur who lived in both as a primary residence and personal office.
Below are the details of each of the houses: 121 East 81st Street - Dimensions: 20’ x 50’ - Stories: 5 - Approx. 5,390 sqft (above grade) - Lot: 20’ x 102.17’ (2,043 sqft lot) - Zoning: R8B - Annual Taxes: $75,966 - Residential FAR: 4 - Maximum usable floor area (subject to verification): 8,172 sqft - Not landmarked 125 East 81st Street - Dimensions: 17’ x 44’ - Stories: 4 - Approx. 3,984 sqft (above grade) - Lot: 17’ x 102.17’ (1,737 sqft lot) - Zoning: C1-8X - Annual Taxes: $71,429 - Residential FAR: 4 - Maximum usable floor area (subject to verification): 6,948 sqft - Not landmarked Located in a 4 FAR zone, these townhouses have a total allowable buildable size of 15,000 sq ft (subject to approvals) offering prospective buyers endless opportunities for reimagining and reconfiguration of the space and the chance to make their own mark on this prestigious property.
Whether as a private residence, a live/work space, or a new construction project, the possibilities are as vast as the property’s potential especially in light of the fact that the properties are not landmarked or in a historic district. Please note that the two houses are still two separate tax lots but have been opened between the two houses on both the third and fourth floors. The buildings have been immaculately maintained and will be delivered vacant. This is a co-exclusive with Lauren Muss.
Below are the details of each of the houses: 121 East 81st Street - Dimensions: 20’ x 50’ - Stories: 5 - Approx. 5,390 sqft (above grade) - Lot: 20’ x 102.17’ (2,043 sqft lot) - Zoning: R8B - Annual Taxes: $75,966 - Residential FAR: 4 - Maximum usable floor area (subject to verification): 8,172 sqft - Not landmarked 125 East 81st Street - Dimensions: 17’ x 44’ - Stories: 4 - Approx. 3,984 sqft (above grade) - Lot: 17’ x 102.17’ (1,737 sqft lot) - Zoning: C1-8X - Annual Taxes: $71,429 - Residential FAR: 4 - Maximum usable floor area (subject to verification): 6,948 sqft - Not landmarked Located in a 4 FAR zone, these townhouses have a total allowable buildable size of 15,000 sq ft (subject to approvals) offering prospective buyers endless opportunities for reimagining and reconfiguration of the space and the chance to make their own mark on this prestigious property.
Whether as a private residence, a live/work space, or a new construction project, the possibilities are as vast as the property’s potential especially in light of the fact that the properties are not landmarked or in a historic district. Please note that the two houses are still two separate tax lots but have been opened between the two houses on both the third and fourth floors. The buildings have been immaculately maintained and will be delivered vacant. This is a co-exclusive with Lauren Muss.
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Building Amenities
- Pre War
Listing courtesy of
Leslie J Garfield & Co Inc
Pricing History
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