Townhouse Report Created: Sunday, April 03, 2016 - Listings Shown: 2
128 West 88th Street   (Click address for more details)
Listing #: 424571
Price: $8,200,000
Floors: 4
Approx Sq Ft: 4,800
Sect: Upper West Side
Ideally situated on a historic brownstone block, this pristine renovated single family townhouse offers up to five bedrooms, an impressive entertaining expanse, and three verdant outdoor spaces.

Built in the late nineteenth century by prolific Upper West Side architects Neville & Bagge, the beautifully restored brownstone facade showcases the classic garland motif typical of Renaissance Revival ornamentation, which is continued westward down the contiguous row of townhouses. As you ascend the stoop and enter through double hardwood doors, the traditional parlor floor layout welcomes visitors to a full floor of entertaining rooms, accented by parquet floors with decorative inlay, soaring high ceilings, and extensive base, crown, and decorative moldings. The front parlor offers room to gather around a wood-burning fireplace, and the center music room provides additional seating or generous space to display musical instruments or artwork. The grand formal dining room accommodates banquet-sized dining, with a decorative fireplace and an adjoining butler's pantry for effortless entertaining. Step out to the large balcony to enjoy dining al fresco with views of the lushly planted, south-facing garden with a decked dining area.

On the garden level, the lavish eat-in kitchen is outfitted with Wolf and Sub-Zero appliances, excellent cabinet space, and a decorative fireplace. An additional living room on this level leads to a private office and access to the garden, and there is also a full bathroom. The luxurious master suite occupies the rear of the third floor, with a decorative fireplace, three closets including an enormous walk-in, and a sumptuous master bathroom en-suite. The front of this floor is a large second bedroom or library, with a wall of bookshelves, a wood-burning fireplace, charming bow windows, and a full bathroom en-suite. Two additional full-width bedrooms occupy the fourth floor, as well as a fourth bathroom, spacious laundry room, and a large terrace. The full-height, fully-finished cellar provides additional comfortable living space, with an adjacent powder room and storage area. With recently updated electrical, plumbing, and HVAC systems, this move-in ready residence offers an extraordinary opportunity on a prime block.
127 East 36th Street   (Click address for more details)
Listing #: 562619
Price: $4,895,000
Floors: 5
Approx Sq Ft: 4,304
Nghbd: Murray Hill
127 East 36th Street a five-story building plus a cellar currently consists of 7 residential apartments 5 destabilized and 2 Stabilized. The subject property is ideal for an income producing investment property, an owner' s duplex plus income, a foreign government, or a conversion to luxury single family in the near future. The vacant 2000Sq.ft duplex apartment will be a treasure once it?s updated with your personal touch while collecting rent from the other 6 apartments. It can also be converted to a triplex combining (2nd+3rd) with the ground (1st) floor to a luxury single family in the near future! Seller has enjoyed many years of healthy cash flow from this property and this is your chance to acquire the same income for yourself. The rent-stabilized units renting at approximately 40% below market additionally, 3 of the rent-stabilized units are above $2500 in legal monthly rent, making them potentially eligible for free market status, while the other could be deregulated through renovation cost recovery upon vacancy.

The property benefits from excellent connectivity, with proximity to trains, and also contains additional development rights, while the property is subject to Landmark Preservation Committee approval, it is highly likely that the property may be able to utilize some or all of the additional air rights in the future.

**All current leases available upon request.
All information regarding a property for sale, rental or financing is from sources deemed reliable but is subject to errors, omissions, changes in price, prior sale or withdrawal without notice. No representation is made as to the accuracy of any description. All measurements and square footages are approximate and all information should be confirmed by customer.
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