124 East 61st Street
Sold 5/3/23
Sold 5/3/23
Description
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
![Daniel DeSalvo]()
daniel.desalvo@compass.comP: (484)-576-9160
Amenities
- Common Outdoor Space
- Walk Up
- Voice Intercom
- Lowrise
Property Details for 124 East 61st Street
| Status | Sold |
|---|---|
| Days on Market | 17 |
| Taxes | - |
| Maintenance | - |
| Min. Down Pymt | - |
| Total Rooms | 15.0 |
| Compass Type | Multi Family |
| MLS Type | - |
| Year Built | 1910 |
| Views | - |
| Architectural Style | - |
| Lot Size | 1,807 SF / 18' x 100' |
| County | New York County |
| Buyer's Agent Compensation | 2.5% |
Building
124 E 61st St
Virtual Tour
Building Information for 124 East 61st Street
Property Information for 124 East 61st Street
- Total Rooms: 15
Property History for 124 East 61st Street
| Date | Event & Source | Price | Appreciation |
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| Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 124 East 61st Street
Schools near 124 East 61st Street
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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