Here are the economics: The two tenants are paying a combined $8,335 monthly which is $100,020 annually. The tenants pay their own electric. The owner pays the building's real estate taxes of $58,700 annually (this is a Class 1 house so increase in RET are limited to 6%/year) and the operating expenses (heat, electric, insurance, water, service contracts and maintenance) all of which comes to under $20,000 annually. That leaves an annual profit to the owner of about $21,000. No common charges, no real estate taxes. And a far better value than paying over $2,000 per square foot for a condo (call me and I will show you the math!)
This floor is accessed through a gated under-stoop entrance and has a front bedroom with full bath, a laundry room and a large media/family room/office. There is a wet bar and the first of three beautifully detailed wood burning fireplaces. The sun washed South facing garden is 18 x 26, has evening lighting which accents the elaborate plantings, dining seating for 6 and a convenient barbecue. Below the garden floor is a high ceiling cellar with approximately 1,000 sq ft of storage.
Guests and tenants enter through the proper original box stoop with its restored stone details. The building vestibule includes 3" thick oak doors with OG glass, a large pier mirror and the original oak wainscoting and staircase. The Owner's triplex is entered here through a generous foyer. The front facing (in the old European style) eat in kitchen is 10 x 18, comfortable and bright with two nearly full floor to ceiling arched windows. Top of the line appliances are along both walls. The 16 x 25 formal living and dining spaces are conveniently at the rear and seamlessly blend classic detail and modern style. The highlight is the 11' high wall of windows which spans the entire rear of this floor, overlooking the magnificent gardens behind this home. The second wood burning fire place and a spectacular custom interior staircase add sophisticated character. There is also a small terrace overlooking the garden. Powder room is centrally located on this level.
Three bedrooms on this floor including large master suite with 3 closets, 3 windows over serene treetop views. Two full bathrooms and additional neatly configured storage are on this floor.
Fourth Floor Apartment
Free market, floor thru one bedroom apartment with large terrace. Tenant in place through August 2020 paying market rent.
Fifth Floor Apartment
Free market, floor thru two bedroom apartment. Tenant in place through September 2021 paying market rent.
$7,395,000 / $1,278 per ft²
Listed on Oct 08, 2019
139 Days on Market
8 Beds / 5.5 Baths / 5,785 ft²
Total Monthly expenses: -
Maintenance: - / R.E. Taxes -
Lot Size: 18.0' x 102.17' Built: 18.0' x 68.0'
Exclusively listed with: Brown Harris Stevens
Unit listing history
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