Further proof of the constant evolution of New York can be found at 320 East 82nd Street: A six-story, mid-block building originally conceived as a "nursery and kindergarten" for the El-Emmanuel Sisterhood, and was most recently used to shelter pregnant teenagers, is undergoing a renovation into six luxurious, full-floor apartments.
In 2015, Inwood House, a non-profit that provides support and housing for pregnant teenagers, sold the building to Mermelstein Development for $16 million. Commercial Observer reports that Mermelstein immediately flipped the property and sold it to Mitchell Holdings for $23.2 million. Since then, it has been renamed The Park Mansion, and an offering plan accepted by the attorney general’s office has put the total sellout at $40.185 million. Jeffrey Cole Architects is the designer of the conversion. New model residences have just been unveiled.
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The neo-Georgian design by Janes & Leo, best known for its work on the celebrated Dorilton, has been compared to a Dutch canal house. With its steeped gable, arched windows, red brickwork, and impressive columns, it is no wonder architecture critic Carter Horsley has called it “one of the nicest facades and entries in the entire city.” A neoclassical portico topped by a broken pediment is being restored.
Inside, a private, key-locked elevator leads to all apartments but the maisonette. Upon arrival, all units feature high ceilings, bespoke millwork, and white oak herringbone floors. Oversized windows look out on tree-lined streets. Southern exposures fill the apartments with light.
The light extends to the windowed, eat-in chef’s kitchen off the formal dining room. A breakfast bar allows for informal dining. All kitchens come equipped with quartzite countertops, integrated stainless steel appliances, and full Miele appliance suites.
The elegantly appointed master suite offers southern exposures, extremely generous closet space, and access to a private terrace. Opulent marble master baths feature double vanities, radiant heated floors, and polished nickel hardware.
A third-floor unit is listed for $5 million, and the sixth-floor penthouse with a private roof terrace is listed for $6.45 million. At an average of around $2,300 per square foot, this puts them well above the Yorkville average of $1,519 per square foot (per CityRealty data).
This particular Yorkville street is mostly home to townhouses and smaller apartment buildings, allowing an escape from the worst of the city’s bustle. However, the action of the city isn’t far away: The building is four blocks from the Second Avenue subway, and top private schools and Madison Avenue shopping are a short walk away.
Would you like to tour any of these properties?
Content Specialist
Michelle Mazzarella
Michelle is a contributing writer and editor for real estate news in New York City