111 East 61st Street

About this property

111 East 61st Street represents the rare opportunity to acquire a grand and spacious mixed-use townhouse, with legal use inclusive of office space. The building has a width of 19 feet on a 100 foot lot, and is built 9,500 square feet, and the grandiosity and location of the building make it ideal for a foundation, private office, private gallery, commercial usage, or residential conversion. The neo-Georgian house was originally built in 1910 and is marked by its stunning brick facade, stone cornice above its main door, and location just off of Park Avenue and East 61st Street. The current ownership utilizes floors 1 and 2 as their office space, while floors 3 and 4 are leased to an office tenant (but can be delivered vacant), and floor 5 is leased to a residential tenant (also can be delivered vacant). Enter on the garden level to a mahogany entrance area that presents a winding, wooden staircase up to the second floor. Also on the garden level is a large conference room, full kitchen, and primary-sized bedroom with en-suite bath. The extension on the building is large and wide, and extends to the top of the house. On the second floor the ceilings are very high and there are two powder rooms as well as a full kitchen. This floor is used as the ownership's office and therefore utilized as more conference area and reception. The third and fourth floors are currently leased to a company, Burgess Yachts, but the lease has expired and it can be delivered vacant. There is an additional renovated kitchen on the third floor, a renovated powder room, and two planted outdoor terraces, as well as an additional large terrace off of the back of the fourth floor. The fifth floor is leased to a residential tenant, and spans the entire top floor, with a beautiful south facing terrace. galley kitchen, full bathroom, large primary suite with fireplace, and extension, currently utilized as a children's room. The roof, facade and mechanicals are in excellent condition. Offered for $11,995,000, an incredibly low price per square foot for such a prominent building, and a smart investment for any investor or end user.

Listing Courtesy of Ian Slater, Brett Walsdorf