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120 East 19th Street

Townhouse located in Gramercy Park, between Park Avenue South & Irving Place

$8,950,000 ($1,119 per ft2) | 10 beds, 6+ baths | Approx. 8,000 ft2
376 days on Market

Townhouse Facts

  • Year Built: 1920
    Minimum Down: 20%
    Total Floors: 5
    Listed: Oct 26, 2023
    Last Price Change: ($500,000) on Sep 9
    Days on Market: 376
    Building Type: Townhouse
    Neighborhood: Gramercy Park (Manhattan)
    Listing viewed 478 times
Monthly Real Estate Taxes: $8,719
Total Taxes & Fees: $8,719 ($1.09/ft2)
Est. Monthly Mortgage: $47,540
Total Est. Monthly Carrying Cost: $56,259 ($7.03/ft2)
Note: the above is based on a down payment of 20% ($1,790,000), which is the minimum amount permitted by the building.

Insider Highlights

  • Prime Location: This 25-foot townhouse is located in the heart of the desirable Gramercy Park neighborhood, steps away from the iconic park itself. The property has been featured in several prestigious publications, adding to its allure.
  • Spacious and Versatile: With approximately 8,000 square feet of space, the property is currently configured as a 7-unit multi-family house. It offers the potential to be transformed into a single-family house or condo, providing flexibility for the new owner.
  • Preserved Historic Charm: Built in 1920, the brownstone building has maintained its pre-war charm. Original details have been meticulously preserved, adding to the home's timeless elegance.
  • High-End Features: The parlor floor features 13+ foot ceilings, abundant natural light, and three working fireplaces. The primary suite boasts a full glass rear facade that opens onto the garden, while the guest suite has its own entrance, a kitchenette, and an in-unit washer-dryer.
  • Additional Units: The upper levels house five one-bedroom apartments and a two-bedroom penthouse, all thoughtfully renovated and meticulously maintained. The penthouse offers abundant outdoor spaces with breathtaking views of the Gramercy skyline.
  • Immediate Availability: The house will be delivered vacant, providing immediate access for the new owner. This offers the option to live with rental income or transform it into a single-family mansion.

Description

25-Foot Townhouse in the Heart of Gramercy. Incredible value add opportunity. This townhouse is aligned for an investor or end user to create a stunning single-family house or condo or continue its use with an owner’s duplex and rental units above. Currently configured as a 7-unit multi-family house, the total available FAR allows up to 9,200 square feet.

Comparable finished townhouses are trading in excess of $3,000 per square foot. The house will be delivered vacant.  Nestled on the corner of 19th and Irving, steps away from the iconic Gramercy Park and adjoining picturesque block beautiful, this townhouse presents a unique canvas for crafting an exquisite single-family residence in one of New York’s most enchanting neighborhoods. Imbued with immense scale and meticulously preserved original details, this home is a testament to timeless elegance.  As you approach, a beautifully designed stoop and a striking front door welcome you to the parlor floor, which serves as the primary entertaining space for the owner’s duplex.

Spanning the entire length of the house with 13+ foot ceilings, this floor offers remarkable scale, abundant natural light, and meticulously restored original details, including exquisite moldings and three working fireplaces. It is a space that seamlessly caters to intimate gatherings with loved ones and grand-scale entertaining alike. Descending downstairs, you’ll discover the primary suite and separate guest quarters.

The primary suite spans the full width of the house and features a full glass rear facade that opens onto the garden, creating a harmonious indoor/outdoor experience. The guest suite, recently gut-renovated, boasts its own entrance, a kitchenette, and an in-unit washer-dryer. This versatile space can function as a standalone apartment or be combined with the owner’s duplex. Ascending to the upper levels, you will find five one-bedroom apartments and a two-bedroom penthouse, each thoughtfully renovated in recent years and meticulously maintained.

The ceiling heights throughout the upper portion of the house are impressively lofty, with many exceeding 11 feet. The penthouse is a true gem, offering an abundance of outdoor spaces with breathtaking views of the Gramercy skyline. Rarely does a property of this caliber become available, showcasing beautifully preserved and restored original details with such magnificent scale. This space artfully blends the charm of yesteryears with the convenience of contemporary living.

120 East 19th Street offers a discerning buyer the option to live with rental income or transform it into a peerless single-family mansion. This remarkable home has been featured in several prestigious publications. Some photos are virtually staged. The final three photos are conceptual renderings of a single-family residence. 

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Building Amenities

  • Brownstone
  • Pre War
Listing courtesy of Compass
Off Market
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Pricing History

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Subways

  1. 6
at Park Ave 0.20 miles
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  4. 4
  5. 5
  6. L
at Broadway and 16th 0.21 miles
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  2. 1
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at 6th Ave and 16th 0.50 miles

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