An exceptional investment opportunity at 28 East 72nd Street, a distinguished mixed-use, five-story limestone townhouse situated in the heart of Manhattan's Upper East Side, between Madison and Park Avenues. Built in 1910 and renovated in 1989, this property boasts a total building area of 5,353 square feet and offers a compelling investment proposition in one of New York City's most prestigious neighborhoods. 5 floors residential building and main floor commercial . Room for an elevator The property has unused air rights of 9,200 square feet Next to Ralph Lauren store Property Details: - Lot Sqft: 1,460or an elevator The property has unused air rights of 9,200 square feet Next to Ralph Lauren store - Lot Dimensions: 18.25 ft x 80 ft - Building Class: Single or Multipl
...read moree Dwelling with Stores or Offices (S9) - Building Dimensions: 18 ft x 67 ft - Number of Buildings on Lot: 1 - Stories: 5 - Year Built: 1910 - Year Last Altered: 1989 - Unused Air Rights: 9,200 square feet Prime Location for High-End Retail and Art Galleries: The property is located within the Upper East Side Historic District Extension, an area renowned for its architectural significance and cultural heritage. Just a block from Central Park, it is surrounded by luxury boutiques, fine dining establishments, and world-class cultural institutions. The neighborhood is also home to prominent art galleries such as Skarstedt and the Anita Shapolsky Gallery, as well as auction houses like Sotheby's, making it a vibrant hub for art and culture. Property Highlights: - Mixed-Use Configuration: The building comprises five residential units and two commercial units, all under free-market leases. - Retail Tenants: The ground floor is currently occupied by an art gallery, while the lower level is leased to Ralph Lauren for additional storage space for their adjacent building. - Architectural Features: The townhouse boasts a 22-foot-wide limestone facade, reflecting the grandeur of New York's Gilded Age. A meticulous renovation has preserved its historic charm while incorporating modern amenities. - Zoning and Building Details: - Zoning: C5-1/MP, allowing for high-density commercial and residential use. - Building Class: B. - Lot Size: Approximately 0.03 acres. - Frontage: 18 feet on East 72nd Street Investment Potential: 28 East 72nd Street offers investors a rare opportunity to acquire a property with stable income from established tenants in a location synonymous with luxury and culture. The combination of its architectural significance, prime location, and mixed-use configuration makes it an exceptional asset poised for long-term appreciation. For further details or to discuss this investment opportunity, please feel free to reach out. 28 East 72nd Street is a distinguished Mixed use, five-story limestone townhouse situated in the heart of Manhattan's Upper East Side, between Madison and Park Avenues. Built in 1910 and renovated in 1989, this 8,476-square-foot, mixed-use property offers a compelling investment opportunity in one of New York City's most prestigious neighborhoods. Prime Location for High-End Retail and Art Galleries The property is located within the Upper East Side Historic District Extension, an area renowned for its architectural significance and cultural heritage . Just a block from Central Park, it is surrounded by luxury boutiques, fine dining establishments, and world-class cultural institutions. The neighborhood is also home to prominent art galleries such as Skarstedt and the Anita Shapolsky Gallery, as well as auction houses like Sotheby's, making it a vibrant hub for art and culture . Property Highlights -Mixed-Use Configuration: The building comprises five residential units and two commercial units, all under free-market leases. -Retail Tenants: The ground floor is currently occupied by an art gallery, while the lower level is leased to Ralph Lauren for additional storage space for their adjacent building . -Architectural Features: The townhouse boasts a 22-foot-wide limestone facade, reflecting the grandeur of New York's Gilded Age. A meticulous renovation has preserved its historic charm while incorporating modern amenities . -Zoning and Building Details: -Zoning: C5-1/MP, allowing for high-density commercial and residential use. -Building Class: B. -Lot Size: Approximately 0.03 acres. -Frontage: 18 feet on East 72nd Street . Investment Potential 28 East 72nd Street offers investors a rare opportunity to acquire a property with stable income from established tenants in a location synonymous with luxury and culture. The combination of its architectural significance, prime location, and mixed-use configuration makes it an exceptional asset poised for long-term appreciation.
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