Townhouse Report Created: Monday, March 23, 2020 - Listings Shown: 3
40 Gramercy Park North   (Click address for more details)
Listing #: 20042020
Price: $12,995,000
Floors: 5
Approx Sq Ft: 7,200
Nghbd: Gramercy Park
A once-in-a-generation opportunity to own one of only five single family townhomes with a Gramercy Park address, this rare property includes a key to Manhattan?s only private park.

This grandly scaled, six-story home - with an elevator - offers both the classic charm and elegance of a 19th century townhouse as well as modern comforts. While there is also a rare opportunity to completely re-construct the property, as it lies just outside the Gramercy Park Historic District, the scale and elegance of the existing residence are outstanding, and it could easily be adapted to any discerning buyer?s needs. With multiple living and entertaining spaces, 6 bedrooms, 6 full- and 3 half-baths, the house currently spans approximately 7,200 gross square feet, and could be enlarged below-grade and/or utilizing some excess as-of-right square footage. The existing layout is ideal for entertaining on a grand scale, as well as for gracious and comfortable day-to-day living. Most rooms take advantage of the full 20.5? width of the house, and there are exceptional ceiling heights throughout, reaching nearly 13? on the parlor floor.

Upon entering through the glass-enclosed vestibule, a large entrance hall leads to the first of several entertaining spaces, a central stair and elevator, a guest bedroom suite, and access to the balcony overlooking the rear garden. The first floor kitchen doubles as a prep kitchen for larger gatherings, but allows this floor to function as a self-contained guest apartment. The garden level includes a staff bedroom with en-suite bath, kitchenette, a recreation room, powder room, and french doors that lead out to the nearly 28? deep garden.

The parlor level includes formal front and rear parlors spanning the full width of the house, a guest powder room, wet bar, and walk-in wine storage closet. The front parlor has french doors leading out to a balcony with views of Gramercy Park. Both parlor rooms feature 12?11? ceilings and wood-burning fireplaces. The third floor includes a massive eat-in kitchen overlooking the garden, a pantry, powder room, laundry, and a large living room with a wood-burning fireplace.

A lavish two-story master suite includes two master baths, a walk in closet, fireplace, double-height windows, and a separate study up a private stair. All is bathed in light through a massive skylight, with grand 17?7? ceilings along the window wall. The fourth and fifth floors have three additional bedrooms and two full baths. The roof could be re-built to feature a large terrace with views over Gramercy Park.

See the proposed alternative floorplan for the potential to create a lavish home within the existing perimeter envelope, and behind the existing facade, or bring your architect and reimagine the possibilities completely. The house could also be extended toward the street to bring the facade flush with the adjacent buildings.

Built in 1851-2, 40 Gramercy Park North is a brownstone-faced Anglo-Italianate townhouse on a 20.5? wide by 98.75? deep lot. This is truly a remarkable offering in a coveted Gramercy Park location.
152 West 88th Street   (Click address for more details)
Listing #: 357509
Price: $6,500,000
Floors: 4
Approx Sq Ft: 4,134
Sect: Upper West Side
Sophisticated Luxury in the Heart of the West 80s

Gut Renovation Near Completion

If you've been looking for the opportunity to customize an iconic New York City townhouse, this Upper West Side building is for you. The historic facade has been restored and is one of four in a gorgeous row on West 88th Street. Inside, the townhouse has been completely gutted, and is the site of exciting, new construction. All of the architectural design, permitting, framing, and installation of top-of-the-line systems is finished. It is now ready for your vision and custom finishing touches.

Highlights include: a fabulous double-height ceiling at the rear of the garden and parlour floors; an incredible glass elevator that ascends through the center of the townhouse from the cellar to fifth floor; efficient radiant heat throughout; a new bonus floor with two roof decks; a wonderful South-facing garden surrounded by low-profile townhouses. Set on a beautiful tree-lined street near Central Park, the Museum of Natural History, and great shopping, this 18-foot, 5-story, single family is ideal for high-end, sophisticated townhouse living.

Garden Floor:

The garden floor is designed as a wonderful gathering space. The layout includes an informal family room with fireplace at the front of the floor, a central kitchen that has a unique wood-burning oven (the last of its kind to be approved in NYC), and a luxurious rear dining room with garden access.

Parlour Floor:

Entering from the townhouse stoop leads to the formal parlour floor. The front is configured as a living room with a show-stopping fireplace, marble staircase, and access to the central glass elevator. The design for the rear of the floor reveals a distinguished study or library that overlooks the dining room below. It will get amazing sunlight as it benefits from a wall of windows and the double-height ceiling that extends up from the garden level. A powder room is also located on the parlour floor.

Third Floor:

The third floor design includes two spacious bedroom suites. The rear suite overlooks the garden while the front bedroom features a large bow window, a piece of classic townhouse architecture. Each suite has its own private, full bathroom.

Fourth Floor:

The fourth floor will host a stylish Master Suite. A gracious bedroom situated at the rear of the floor will be large enough for a private lounge or informal sitting area. The master bathroom is designed as a luxurious marble and glass retreat. It will feature a central soaking tub, steam shower, and double vanity. A walk-in closet completes the suite.

Fifth Floor:

The fifth floor is a completely new addition to the townhouse structure. This sun-drenched bonus floor will accommodate a sitting room, a bedroom with en-suite bath, and front and rear roof decks.


The cellar layout includes a sauna, full bathroom with steam shower, laundry room, and separate mechanical rooms. Top of the line mechanical systems are already installed, and the townhouse is pre-wired for low voltage lighting and smart home automation.*SOME IMAGES HAVE BEEN RENDERED*
331 East 65th Street   (Click address for more details)
Listing #: 141897
Price: $4,250,000
Floors: 4
Approx Sq Ft: 4,076
Sect: Upper East Side
6% CAP RATE! Delivered vacant! 100% free-market! Calling all buyers and investors with discerning taste and an eye for value! This 4-story, 4-family, income-producing property is a truly exceptional, incredibly versatile home! Located on a quiet tree-lined brownstone block, the 4,076 square foot property is 20-feet wide x 69-feet deep, sits on a 20-foot x 100-foot lot, and has 3,956 square feet of unused FAR (floor area ratio), allowing for expansion of the property.

The townhouse is currently laid out as a doctor's office on the ground floor topped by three gracious floor-through apartments. It could easily be reconfigured into an owner's duplex with two income-producing apartments above or as a single-family residence. Every floor boasts both south and north exposures for ample sunlight, and with its mid-block location, the townhouse is insulated from traffic noise and wonderfully serene. The property is enhanced by three private outdoor spaces: a gracious and sizable entrance courtyard, a lovely and verdant rear garden, and up on the third floor, a massive outdoor deck, perfect for summertime barbecues and lounging under the sun or stars year round.

While the townhouse has been updated and upgraded over the years, it retains the grace and charm of its era of construction, the 1920s. The property's prime Lenox Hill location puts you just steps from marvelous shopping, dining, parks, schools, entertainment, and every other residential convenience! Transportation couldn't be more convenient with options including the new Second Avenue Subway (63rd Street stop), the 6 train (68th Street stop), and the M66 crosstown bus. For those seeking a high-yield investment property, you have an endless stream of well-qualified tenants at the ready due to the property's excellent Upper East Side location as well as its proximity to NewYork-Presbyterian / Weill Cornell Medical Center; the Hospital for Special Surgery; Memorial Sloan Kettering; and The Rockefeller University, the world's leading biomedical research university.

Contact us to arrange a tour of this beautiful residence.

About the Property
Stories: 4
Units: 4
Building class: Four Families (C3)
Building Dimensions: 20 ft x 69 ft
Building Square Footage: 4,076 sq ft
Lot Dimensions: 20 ft x 100.42 ft
Lot Square Footage: 2,008 isq ft
Tax class: 2A
Annual RE Taxes: $78,266
Allowed usable floor area: 8,032 sq ft
Usable floor area as built: 4,076 sq ft
Unused FAR: 3,956 sq ft
Zoning district: R8B
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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