Stately 5-story townhouse on a charming tree-lined block with 6 bedrooms, 5 1/2 baths + 3 private outdoor spaces plus spacious roof deck with stunning open city and skyline views, enjoy room to grow with exceptional privacy and pin-drop quiet for sleeping. Original architectural details include 4 wood-burning fireplaces, soaring ceilings, ornate staircases and bright elegant rooms, with plenty of space to entertain indoors or out.
Currently configured as a 2-family with 2 kitchens, 2 masters and strong rental history, can be delivered vacant, or with service staff if needed. Optimal buy for investment income, or can be easily reinstated to a single-family residence as both units are already connected internally.
Super-low taxes and low operating cost makes this an exciting opportunity to achieve the home of your dreams, at a value price. Immediately identifiable for your 1031 Exchange.
Manhattan’s Upper East Side extends from 59th St. to 96th St., east of Fifth Avenue and is known as one of the most prestigious neighborhoods in the city. The neighborhood consists of stylishly restored old mansions, luxury high rises, stately townhouses, and several of the best co-ops and condos in Manhattan. This district includes access to some of the finest public schools as well as elite private schools like The Dalton School and The Brearley School. Central Park is a quick westward stroll away. Art lovers will find that they can walk to their favorite museums, namely The Metropolitan, The Guggenheim, The Frick, and The Whitney. They can also visit the famous auction houses of Christie’s and Sotheby’s. Posh boutiques and upscale intimate restaurants enhance the area’s elegance.
With the recent unprecedented rate cut by the Federal Reserve, banks have been inundated with people looking to take advantage of lower interest rates. Because of the overwhelming demand, we have not yet seen a huge reduction in mortgage rates. While we aren’t there yet, it is likely that we will see a dramatic shift in the upcoming months, which raises the question, “What does a 1 point difference in interest rate do for my bottom line?”Read more