Description

Discover a rare chance to design your own single-family residence in the heart of the Upper East Side. This classic five-story townhouse, set on a generous 17.6' × 102.2' lot, boasts an impressive 7,525 square feet of living space. Built in 1910, this historic gem is just seconds away from Madison and Fifth Avenues, offering both privacy and tranquility while keeping you close to Central Park, renowned galleries, exquisite shopping, and the finest dining options. Nestled within the Upper East Side Historic District and designated as a landmark, this property is steeped in character and charm. Zoned R8B/R10 & PL (Special Park Improvement District), it permits residential use, providing the perfect canvas for your vision.

This five-story townhouse, currently configured as a ten-unit condominium, features two apartments per floor—a front studio and a back one-bedroom. The street-level studio (1F) boasts a private gated entrance from East 73rd Street, while the one-bedroom (1B) offers a charming private garden/patio. On the parlor floor, a spacious studio (2F) with high ceilings and a one-bedroom (2B) overlooking the serene garden await. The third-floor studio (3F) enjoys tree-lined views, and the one-bedroom (3B) features a private terrace. The fourth floor includes a studio (4F) and one-bedroom (4B), while the fifth floor showcases a sun-drenched studio (5F) and a one-bedroom (5B) with two skylights.

Each apartment is equipped with renovated granite kitchens, stainless steel appliances, marble bathrooms with European-style showers, and individually controlled heating and air conditioning. The building underwent a comprehensive renovation in 2007, including plumbing and electrical updates, as well as elegant new marble flooring in the entry hall that complements the original mahogany details. The facade was restored in 2017, with roof replacements and skylight updates completed at that time.

59 East 73 offers incredible investment potential with versatile options: convert the property into a stunning single-family home just seconds from Central Park, maintain it as a rental investment with all units leased or sold individually, create a duplex or triplex while keeping other units as rentals, or even divide it into two duplexes and a simplex.

59 East 73 has a FAR of 4, with 7,192 allowable sq. ft. *** The Actual Buildable FAR must be confirmed by conducting a property survey and by a submission to the NYC Dept. of Building and the NYC Landmark Preservation Commission. ***

Take advantage of this rare opportunity to own a distinguished brownstone on one of America’s most desirable streets, and make it your very own. Listing courtesy of Compass ...
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