Total Est. Monthly Carrying Cost:
$32,421 ($12.97/ft2)
Note: the above is based on a down payment of 20% ($1,000,000),
which is the minimum amount permitted by the building.
Description
Just off Fifth Avenue, 2 East 78th Street is a renovated and impeccably-maintained house presenting a myriad of possibilities.
Currently serving as the headquarters for a private foundation, the residence has been redesigned by Keenen/Riley. 2 East 78th Street’s current zoning (R10) allows for all of the following uses: Residential, Live/Work, Community Facility (including Nonprofit, Educational, Medical, Governmental), and its current configuration could easily be adapted to suit a new owner’s needs.
Each of the four floors has a pleasingly-proportioned, almost square plan and a modern design sensibility. The garden floor, currently a stainless-steel-clad eat-in Kitchen, opens to a small terrace with a planting bed.
Above, the rooms are open-plan and have pretty treetop views onto East 78th Street and the gorgeous limestone façade of the James B. Duke Mansion.
Built in 1925 and exceptionally situated on a beautiful, tree-lined street moments from Central Park, 2 East 78th Street’s stellar locale and outlooks are further enhanced by the very attractive and architecturally-significant neighboring buildings.
Annual Taxes: $68,728
Building Dimensions: 26.5’ x 25.8’
Lot Size*: 26.5’ x 25.8’
Approximate Internal Square Footage: 2,425
Approximate External Square Footage*: 325
No additional FAR permitted
Upper East Side Historic District
Zoning: R10, R8B, P1, LH-1A
*Non-possessory right to use Terrace/Garden granted by easement in perpetuity
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