124 East 61st Street

Lenox Hill

$5,950,000
Last Sold Price
8
Beds
7
Baths
1
1/2 Bath
5,584 Sq. Ft.
$1,066 / Sq. Ft.
5,584
Sq. Ft.
$1,066
per Sq. Ft.

Description

Calling all investors. A unique opportunity to acquire an occupied cash flowing multifamily building in a prime Upper East Side location.
On the market for the first time in 50 years, this is a rare opportunity to own a 100ft deep, 18ft wide Townhouse expanding over 5,500 sq ft. on a tree lined block between Park Ave and Lexington Ave in the heart of coveted Lenox Hill.
Built in 1910, this four floor Mulitfamily Townhouse is currently configured as a 6 unit income producing rental building with 3
...Calling all investors. A unique opportunity to acquire an occupied cash flowing multifamily building in a prime Upper East Side location.

On the market for the first time in 50 years, this is a rare opportunity to own a 100ft deep, 18ft wide Townhouse expanding over 5,500 sq ft. on a tree lined block between Park Ave and Lexington Ave in the heart of coveted Lenox Hill.

Built in 1910, this four floor Mulitfamily Townhouse is currently configured as a 6 unit income producing rental building with 3 units having access to private outdoor space. The Townhouse boasts an impressive lobby with 12ft ceilings as well as a 40ft backyard accessed by the expansive 3 bedroom duplex apartment that spans the garden level and first floor of the building.

The newly renovated second floor apartment spans the entire length of the building. The kitchen is located to the rear of the apartment allowing ample space for built-in closets, while the exceptional ceiling height, 10ft 9 inch, ensures that the apartment feels light and airy.

The third and fourth floors are currently configured as 4 studio apartments. Each studio has a separate bathroom and kitchen as well as ample built-in closet space. The third floor studio located to the rear of the building has private access to a 13ft x 8 ft terrace, and the fourth floor studio has private access to a 5'6 x 17'3 terrace.

With easy access to Central Park, The Metropolitan Museum of Art, The Guggenheim, art galleries, luxury retailers on Madison Avenue and some of New York City’s finest restaurants such as Daniel, Avra, Le Bilboquet, JoJo by Jean George, Marea, and Sant Ambrose, there has never been a better time to call the Upper East Side home.

A unique opportunity is available to combine with the neighboring townhouse at 122 east 61st Street to create a double wide single family or one large multi-family building. Or purchase the whole portfolio of income producing properties of 122, 124, and 130 East 61st Street. This is a wonderful opportunity for a savvy investor looking to build their portfolio.

Building contains two rent stabilized units. Currently tenant occupied - 72 hours notice required for all showings. Full income and expense statements are available upon request. Photos have been virtually staged.
Buyers should do their own due diligence.

Listing Agent

  1. Daniel DeSalvo

    Daniel DeSalvo

    Alternative Listing Agent

    Compass

Amenities

  • Common Outdoor Space
  • Walk Up
  • Voice Intercom
  • Lowrise

Location

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LISTING UPDATED: 05/03/2023 07:46 PM

Property Details for 124 East 61st Street

StatusSold
Days on Market17
Taxes-
Maintenance-
Min. Down Pymt-
Total Rooms15.0
Compass TypeMulti Family
MLS Type-
Year Built1910
Lot Size1,807 SF / 18' x 100'
CountyNew York County

Building

124 E 61st St

7 Units4 StoriesBuilt in 1910

Location

Add your commute

Virtual Tour

Building Information for 124 East 61st Street

Stories4Residences7Year Built1910Building Size18' x 70'Building Sq. Ft5,040 SFLot Size1,807 SF / 18' x 100'Building AgePre-warBuilding TypeTownhouse

Payment Calculator

$32,472 per month

30 year fixed, 7.25% Interest

Principal and Interest

$32,472

Property Taxes

$0

Maintenance/Common Charges

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 124 East 61st Street

Interior and Exterior Features
Interior Features
  • Total Rooms: 15

Property History for 124 East 61st Street

DateEvent & SourcePriceAppreciationLink
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 124 East 61st Street

Taxable ValueLand-Additions-Total-
Home Facts
APN1013950162

Schools near 124 East 61st Street

This home is within New York City Geographic District # 2.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 6 to 8
Public - 6 to 8
Rating
School
Distance
East Side Elementary School, PS 267
PublicK to 5

Nyc Lab Ms For Collaborative Studies
Public6 to 8

Lower Manhattan Community Middle School
Public6 to 8

Jhs 167 Robert F Wagner
Public6 to 8

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. ©2024 The Real Estate Board of New York, Inc., All rights reserved. The source of the displayed data is either the property owner or public record provided by non-governmental third parties. It is believed to be reliable but not guaranteed. This information is provided exclusively for consumers’ personal, non-commercial use. The data relating to real estate for sale on this website comes in part from the IDX Program of OneKey® MLS. Information Copyright 2024, OneKey® MLS. All data is deemed reliable but is not guaranteed accurate by Compass. See Terms of Service for additional restrictions. Compass · Tel: 212-913-9058 · New York, NY Listing information for certain New York City properties provided courtesy of the Real Estate Board of New York’s Residential Listing Service (the "RLS"). The information contained in this listing has not been verified by the RLS and should be verified by the consumer. The listing information provided here is for the consumer’s personal, non-commercial use. Retransmission, redistribution or copying of this listing information is strictly prohibited except in connection with a consumer's consideration of the purchase and/or sale of an individual property. This listing information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. ©2024 The Real Estate Board of New York, Inc., all rights reserved. This information is not guaranteed, should be independently verified and may not reflect all real estate activity in the market. Offers of compensation set forth here are for other RLSParticipants only and may not reflect other agreements between a consumer and their broker.©2024 The Real Estate Board of New York, Inc., All rights reserved.