186 75Th St New York, NY 10021

Property Details for 186 75Th St

Year built

1920

Property size

4,152 SF

Property type

Apartment buildings

Description

This stunning four-story, 4,512 sq ft townhouse at 186 East 75th Street, New York, NY 10021, offers a rare investment opportunity in the heart of the Upper East Side. Built in 1920, this classic multi-unit walk-up building boasts four spacious residential units, situated on a 1,912 sq ft lot (18.75 ft frontage, 102.17 ft depth). The property features 4,152 sq ft of existing space and an additional 3,136 sq ft of air rights, presenting potential for expansion or renovation. Zoned R8B, it allows for medium-density residential development within the context of the neighborhood's architectural character. Located between Lexington and 3rd Avenues, this property enjoys unparalleled access to world-class shopping on Madison Avenue, diverse dining options, and renowned cultural institutions like the Metropolitan Museum of Art and the Guggenheim. Central Park is just blocks away, offering a tranquil escape. Excellent public transportation via the 6 and Q trains ensures easy commutes throughout the city. This property presents a compelling investment opportunity, benefiting from the Upper East Side's consistently strong rental market and high demand for housing, offering potential for significant appreciation in both rental income and overall property value. The building's classic architecture and prime location make it an exceptional asset. Asking price is $6,250,000.