50 East 81st Street

Lovely 20' Foot wide townhouse for Sale West of Park Avenue:

Situated on the south side of 81st Street between Madison and Park Avenues sits 50 East 81st Street, a 20 foot wide, 7,365 square foot five story townhouse currently configured as a ground floor 1,700 square foot vacant medical office plus 8 residential units above. Opportunity exists to create an owner's unit on the lower 2 floors, create floor through apartments on the second and fourth floors, or renovate the existing vacant units and rent out. The townhouse is not landmarked or in the historic district so possibility exists to ultimately restore into a magnificent single family home. There are currently two (2) occupied units remaining, both of which are rent stabilized, one on the 3rd floor rear and the other on the 5th floor front. The rest of the building is vacant. Beautiful details throughout and 14' ceilings on the parlor level. Lovely townhouse facing southern exposure. Gas heated. Additional FAR. Zoned R8B. Full basement.