Total Est. Monthly Carrying Cost:
$36,826 ($6.81/ft2)
Note: the above is based on a down payment of 20% ($1,190,000),
which is the minimum amount permitted by the building.
Insider Highlights
Prime Location: This property is located in the highly desirable Carnegie Hill neighborhood in the Upper East Side, just three blocks away from Central Park. It is close to world-class shopping, dining, entertainment, and outdoor space, with convenient transportation options including 4/5/6 and Q trains, excellent bus service, CitiBike stations, and the FDR nearby.
Spacious and Historic: As the largest rowhouse on the block, this property is ideal for multifamily developers and investors. Built in 1910, it includes four spacious levels above a full-height basement, with historic details such as the central staircase, stately fireplaces, and exposed brick intact.
Outdoor Features: The property boasts a 380-square-foot roof deck, a third-floor rear terrace, a second-floor balcony, and a spacious south-facing garden. Each unit also has its own private outdoor space.
Natural Light and Views: The end unit position allows for wonderful natural light with southern, western, and northern exposures. The gated forecourt and high stoop make a dramatic first impression.
Architectural Significance: This property is part of a row of individually landmarked Queen Anne homes designed by the notable firm of Hubert, Pirsson & Co.
Multifamily Potential: The building has 8 apartments across 5 floors, making it an excellent investment opportunity for multifamily developers.
Description
TOWNHOUSE RENOVATION OPPORTUNITY.
Bring history to life in this stunning, landmarked Queen Anne townhouse beautifully located in the Upper East Side’s sought-after Carnegie Hill. The largest rowhouse on the block, this special building is the ideal acquisition for multifamily developers and investors or a homebuyer looking to secure additional rental income or create their single-family dream home in this storied uptown neighborhood, just three blocks from Central Park.
Spanning 20 feet at its widest, this exceptional townhouse includes four spacious levels above a full-height basement. Topped by a 380-square-foot roof deck, the layout also features a third-floor rear terrace, a second-floor balcony and a spacious south-facing garden.
A smart triplex layout (see the alternate floor plan) provides each unit with private outdoor space. Inside, some historic details remain intact, such as the central staircase, stately fireplaces and exposed brick. The building also enjoys wonderful natural light with southern, western and northern exposures thanks to its end unit position.
Outside, a gated forecourt and high stoop make a dramatic first impression from the quintessential tree-lined street.
145 East 89th Street is one of six individually landmarked Queen Anne homes that once stood among a row of ten such houses. The residences were designed by the notable firm of Hubert, Pirsson & Co.
in 1886 for William Rhinelander, whose family was among the wealthiest, most influential landowners in the area. The row is beautifully executed with rich brick, ornate ironwork, and stone and terra-cotta trim. An array of carved plaques runs along the windows, while the distinctive slate mansard roof is adorned with pedimented dormers.
According to the 1887 edition of the Real Estate Record and Builders’ Guide, "The houses have been built in a most substantial manner for a permanent investment and are certainly a great step forward towards the era of perfect homes."
This coveted Carnegie Hill location is filled with world-class shopping, dining, entertainment and outdoor space. Spend the day strolling along the Museum Mile, or explore Central Park’s 843 acres of iconic outdoor space. Equinox, New York Sports Club, the 92nd Street Y, Whole Foods, Madison Avenue boutiques and the 86th Street retail corridor make this one of the most convenient neighborhoods in the city.
Transportation options abound with 4/5/6 and Q trains, excellent bus service, CitiBike stations, and the FDR all nearby.
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Listing courtesy of
Compass
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Pricing History
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