In Contract
4 East 77th Street
$17,995,000
($1,579 per ft2)
| 6+ beds, 6+ baths | Approx. 11,395 ft2
101 days on Market
Key Details
-
Listed: Mar 28, 2024Days on Market: 101Building Type: TownhouseNeighborhood: Park/Fifth Ave. to 79th St. (Manhattan)Listing viewed 154 times
Monthly Real Estate Taxes:
$16,585
Total Taxes & Fees:
$16,585
($1.46/ft2)
Est. Monthly Mortgage:
$96,940
Mortgage calculator
Total Est. Monthly Carrying Cost:
$113,525
($9.96/ft2)
Note: the above is based on a down payment of 20% ($3,599,000),
which is the minimum amount permitted by the building.
Insider Highlights
- Historic and Prestigious Location: This neo-Renaissance mansion, originally constructed in 1895, is located in the prestigious Park/Fifth Ave. to 79th St. neighborhood. Once the epicenter of notable 20th-century artists, it offers a unique blend of history and prestige.
- Versatile and Income-Producing Property: With a large living space of approximately 11,395 square feet, this property has the potential to be used as a single-family residence or an income-producing property. It currently includes the Michael Werner Gallery and four apartments.
- Unique Architectural Features: The mansion boasts a full-height cellar, west and east-facing exposures due to unique building dimensions, and gorgeous sculptural stairs that lead to the undeveloped roof. The original marble facade and pre-war building amenities add to its historic charm.
- Accessibility and Convenience: The property is equipped with an elevator servicing all floors, including the cellar. This feature, combined with the building's unique dimensions of 25’ wide x 97’ deep, built nearly full, ensures easy access throughout the property.
- Significant Ownership History: Owned by Maurice Kanbar, a prolific inventor, entrepreneur, and philanthropist since 1964, the mansion carries a significant ownership history that adds to its allure.
- Tremendous Opportunity: This historic property offers a tremendous opportunity with a myriad of options for potential buyers. Whether for personal use or as an investment, the mansion's size, location, and unique features make it a standout choice.
Description
4 East 77th Street is a 11,395 square foot (including the full-height cellar) neo-Renaissance mansion with a stunning, original, marble facade, steeped in history and provenance as it was once the epicenter of the world’s most notable 20th-century artists, including Andy Warhol, Roy Lichtenstein and Cy Twombly.
4 East 77th Street is positioned to become a single family residence or income-producing. The first two floors are presently occupied by the Michael Werner Gallery* while the top three floors include four apartments, plus there is a full-height cellar; the possibilities are endless.*(Gallery is a market-rent tenant. Tenant will vacate 9 months after closing at owner’s option)
Originally constructed as a single family residence in 1895.
The building, 25’ wide x 97’ deep, built nearly full, a grandfathered detail. In addition, due to the setback of the adjacent building, 956 Fifth Avenue, there are west-facing windows in addition to the east-facing exposures due to the full depth. The gorgeous sculptural stairs go to the roof which has not yet been developed. An elevator services all floors, including the cellar, with the exception of the roof. The townhouse has been owned by Maurice Kanbar, a prolific inventor, entrepreneur, and philanthropist since 1964. While living at 77th Street, Mr. Kanbar invented Skyy Vodka, among many other inventions. A tremendous opportunity awaits with a myriad of options for this historic property.
The building, 25’ wide x 97’ deep, built nearly full, a grandfathered detail. In addition, due to the setback of the adjacent building, 956 Fifth Avenue, there are west-facing windows in addition to the east-facing exposures due to the full depth. The gorgeous sculptural stairs go to the roof which has not yet been developed. An elevator services all floors, including the cellar, with the exception of the roof. The townhouse has been owned by Maurice Kanbar, a prolific inventor, entrepreneur, and philanthropist since 1964. While living at 77th Street, Mr. Kanbar invented Skyy Vodka, among many other inventions. A tremendous opportunity awaits with a myriad of options for this historic property.
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Building Amenities
- Pre War
Listing courtesy of
Compass
Pricing History
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