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121 East 83rd Street

$12,495,000 ($1,597 per ft2) -7.4% | 4 beds, 2.5 baths | Approx. 7,825 ft2
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249 days on Market

Key Details

  • Listed: Sep 7, 2023
    Last Price Change: -7.4% ($1,000,000) on Dec 12
    Days on Market: 249
    Building Type: Townhouse
    Neighborhood: Carnegie Hill (Manhattan)
    Listing viewed 246 times
Monthly Real Estate Taxes: $8,469
Total Taxes & Fees: $8,469 ($1.08/ft2)
Est. Monthly Mortgage: $68,055
Total Est. Monthly Carrying Cost: $76,524 ($9.78/ft2)
Note: the above is based on a down payment of 20% ($2,499,000), which is the minimum amount permitted by the building.

Insider Highlights

  • Historic and Spacious Townhouse: This 7,825 ft2 townhouse, listed at $12,495,000, is located in the prestigious Carnegie Hill neighborhood. It offers 4 bedrooms, 2.5 bathrooms, and the opportunity to own, renovate, and customize a historic Carriage House designed by Hamilton & Mesereau.
  • Potential for Expansion: The property comes with additional FAR to expand to 10,420 square feet. It features 13 ft ceilings on the ground-floor commercial space, basement, and a generous duplex residence above.
  • Distinctive Architectural Details: The 25-foot wide Carriage House boasts three stories, a Flemish-bond variegated brick-face building with distinctive architectural details, and a grand cornice on top. The duplex includes exposed brick walls, tiled & wood floors, and leaded glass doors.
  • Convenient Location: The townhouse is situated close to Central Park, Museum Mile, Park Avenue, upscale restaurants & shopping, five-star hotels, and the 4/5/6 subway lines. Nearby amenities include Whole Foods Market and other conveniences.
  • Current Occupancy and Lease: The property is currently occupied by a medical practice, with the lease ending in the fall of 2024. The expansive basement includes an office, kitchen, powder room, and tremendous storage & mechanicals.
  • Unique Interior Features: The duplex features an open living-dining room with a fireplace, an eat-in kitchen with wood cabinetry & stainless steel appliances, a charming patio off the kitchen, a huge walk-in closet, full & half baths, and a great room with an adjoining office. The top floor offers 3 bedrooms, one with a solarium, plus a full bath and large outdoor patio space.

Description

Presenting a rare opportunity to own, renovate and customize a history-rich Carriage House on Manhattan’s prestigious Upper East Side, with additional FAR to expand to 10,420 square feet.

Located on a coveted, tree-lined street close to Central Park and Museum Mile, 121 East 83rd Street is a 7,825 square foot gem with 13 ft ceilings on the ground-floor commercial space, basement and a generous duplex residence above. Part of this 25-foot wide Carriage House’s beauty lies in its magnificent proportions. The three stories served as the studio and home of world renowned photographer Carl Fischer who’s iconic work helped shape the era.

121 East 83rd Street was designed by Hamilton & Mesereau as one of the private stables of Frank W. Woolworth.

The impeccable Flemish-bond variegated brick-face building with distinctive architectural details and a grand cornice on top initially housed Woolworth’s fleet of vehicles and horses on the ground level. Murray Guggenheim purchased the Carriage House in 1920, turning it into a private garage.

Carl Fischer in 1965 converted the ground floor and ’mezzanine’ to a photographic studio, and the upper floors to a duplex apartment. In this historic landmark space Fischer created some of the world’s most famous, and infamous, magazine covers.

These include more than a decade’s worth of Esquire covers, including Andy Warhol drowning in a soup can and the iconic 1968 photograph of Muhammad Ali.

In later years, the studio was transformed into a doctor’s office, which remains occupied by a medical practice. The lease ends in the fall of 2024, presenting an amazing offering that allows you to renovate/live in the duplex and earn substantial rental income, or combine and modernize all floors creating a luxurious custom home with curb cut and outdoor space.

Accenting the 4 Bedroom 2.5 Bathroom duplex are exposed brick walls, tiled & wood floors, leaded glass doors & other lovely details. The gracious main floor features an open living-dining room with a fireplace & ample wall space for art; sunny eat-in kitchen with wood cabinetry & stainless steel appliances; charming patio off the kitchen; huge walk-in closet; full & half baths; and great room with adjoining office.

The top floor offers 3 Bedrooms, one with a solarium, plus a full bath and large outdoor patio space. The expansive basement with office, kitchen, powder room, tremendous storage & mechanicals, can serve a variety of uses.

Set on a sought-after tree-lined street, this storied Carriage House is moments to glamorous Park Avenue, prized Central Park with its incredible Great Lawn and Reservoir, the acclaimed Metropolitan Museum of Art, Guggenheim Museum, upscale restaurants & shopping and five-star hotels. Also close by is Whole Foods Market, the 4/5/6 subway lines and a host of other conveniences.

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Building Amenities

  • Pre War
  • Walk Up
  • Fireplaces
Listing courtesy of Douglas Elliman Real Estate

Pricing History

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Area info for 121 East 83rd Street

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Subways

  1. 4
  2. 5
  3. 6
at Lexington Ave 0.14 miles

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