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186 East 75th Street, #BLD

$6,250,000 | 6 beds, 6 baths
Building Profile  | 
65 days on Market

Key Details

  • Listed: Sep 17, 2024
    Days on Market: 65
    Building Type: Cooperative
    Neighborhood: Lenox Hill (Manhattan)
Est. Monthly Mortgage: $24,873
Total Est. Monthly Carrying Cost: $24,873
Note: the above is based on a down payment of 40% ($2,500,000), which is the minimum amount permitted by the building.

Insider Highlights

  • Architectural Charm: Built in 1920, this pre-war building reflects the rich architectural history of the area. It maintains the classic townhouse aesthetics of the Upper East Side, thanks to zoning that allows for medium-density residential development.
  • Investment Opportunity: The property offers four spacious residential units, making it an excellent long-term investment opportunity. There's potential for rental income or a condominium conversion project.
  • Generous Space: With a gross floor area of 4,512 sq. ft. on a lot area of 1,912 sq. ft., this property provides ample space for residents or potential development.
  • Access to Cultural Landmarks: The property is in close proximity to Central Park, the Metropolitan Museum of Art, and the Guggenheim Museum, offering residents a rich cultural experience.
  • Prime Location: This four-story townhouse is located in the highly desirable Lenox Hill neighborhood on the Upper East Side of Manhattan. Nestled between Lexington and 3rd Avenues, it offers easy access to restaurants, boutiques, cultural landmarks, and green spaces.
  • Excellent Transportation: The property provides excellent access to public transportation, with the 6 train at 77th Street and the Q train nearby at 72nd Street. Plus, residents can enjoy city views from the apartment.

Description

This four-story townhouse, built in 1920, reflects the Upper East Side’s rich architectural history. With a total gross floor area of 4,512 sq. ft., this building offers four spacious residential units. The building’s structure, a classic multi-unit walk-up, presents an excellent opportunity for long-term investment, either as a rental income property or as a condominium conversion project.

Property Summary

Address: 186 East 75th Street, New York, NY 10021 Property Type: Multi-unit walk-up building Total Units: 4 Residential Units Zoning: R8B Gross Floor Area: 4,512 sq. ft. Lot Area: 1,912 sq. ft. Lot Frontage: 18.75 ft. Lot Depth: 102.17 ft. Year Built: 1920 Block: 1409 Lot: 144

Zoning District: R8B, offering medium-density residential development with contextual height limits that maintain the Upper East Side’s classic townhouse aesthetics.

Building Class: Walk-up Apartments - Cooperative (C6)

Investment Opportunity

186 East 75th Street offers a rare opportunity to acquire a 4-story townhouse with four individual units in the heart of the Upper East Side, one of the most desirable neighborhoods in Manhattan.

This property represents an excellent investment for those looking to own a multifamily building in a prime location known for its historical charm, quality amenities, and high demand for housing.

Strong Rental Market: The Upper East Side is one of Manhattan’s most consistently rental markets, attracting long-term rents.Upside Potential: The property has potential for appreciation in both rental income and overall value, benefiting from ongoing demand in the area.Prime Location: Nestled between Lexington and 3rd Avenues, this property provides easy access to restaurants, boutiques, cultural landmarks, and green spaces.

Location Overview

Neighborhood: Upper East Side Located in Manhattan Community District 8, 186 East 75th Street offers a quintessential Upper East Side living experience. This townhouse is situated within close proximity to some of New York City’s most iconic cultural destinations, parks, and shopping hubs. Central Park: Just a few blocks west, Central Park offers an oasis of greenery and recreation.Museums: World-renowned institutions like the Metropolitan Museum of Art and the Guggenheim Museum are minutes away.Shopping and Dining: Madison Avenue offers luxury shopping, while a variety of dining options are available on Lexington and 3rd Avenues.Public Transportation: Excellent access to public transportation, with the 6 train at 77th Street and the Q train nearby at 72nd Street, making commuting throughout the city convenient.

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Apartment Amenities

  • City View
Listing courtesy of Serhant

Pricing History

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About 186 East 75th Street

Building Amenities

  • Pre War

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Subways

  1. 6
at Lexington Ave 0.12 miles