Brown Harris Stevens

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 Multiple 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.