Note: the above is based on a down payment of 20% ($1,540,000),
which is the minimum amount permitted by the building.
Description
50 East 81st Street is a 20 foot wide, 7,300 square foot five story townhouse situated on the south side of 81st Street between Madison and Park Avenues, a lovely townhouse lined block that is neither land marked or in a historic district. Currently the townhouse is configured as a ground floor 1,700 square foot vacant medical office with its own separate entrance with access to a private garden. There are 8 residential units above with only one remaining tenant left in the building, on the 3rd floor rear.
Opportunity exists to create an owner's unit on the lower 2 floors, create floor through apartments on the second, fourth and fifth floors, or ultimately convert into a magnificent single family home.
Beautiful details throughout with 14' ceilings on the parlor level and a large south facing terrace on the fifth floor rear. Lovely southern exposure facing low rise townhouses. Gas heated. Additional FAR intact. Zoned R8B. Full basement.
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