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38-40 E 75TH ST |Upper East Side
$33,800,000
Studio
Time on market: 187 days
Taxes/Maintenance: $0
Property type: Townhouse
Courtesy of Halstead Property, LLC
Rarely do two connected buildings on an absolutely gorgeous block come to market at the same time. Here is your chance to create a truly spectacular home built by the renowned architects Thom & Wilson. Originally built in the early 1880's both buildings share an easily combined commonality-they are 20' and 18' wide respectively. They can be combined to create a property with 38' of frontage in what is considered the "Gold Coast Territory" of the Upper East Side. The elevations for the floor levels of both 38 and 40 East 75th Street align correctly on the ground floor and vary only slightly above it. Both sit on lots that have a depth of 102. 17 with spacious extensions. 38 East 75th is Five stories, and 40 East 75th Street is Six stories, and HAS an Elevator. BOTH BUILDINGS CAN BE DELIVERED VACANT, but would be ideal candidates for conversion into a grand residence, school, or non-profit organization. The facade rendering shown in the pics reflects changes already effected to 40 East 75th Street, and goes back to what the original facade looked like for 38 East 75th Street. Currently one building-38 is configured into 9 individual rental units. 40 has 10 individual rental units of varying sizes. THE BUILDINGS CAN BE SOLD SEPARATELY. Please see individual building information. 38 has eight apartments which are currently rented furnished by the month. One has a very large terrace on the 3rd floor at the rear of the apartment. There is a spacious and dramatic 4 bedroom triplex with a double height LR and a glass wall to a rear patio. It takes up the entire ground floor plus the rear third of the second and third floors. This apartment represents about 1/3rd of the current building size and has its own interior staircase. It is approximately 2300sqft. 40 has 10 apartments, which include two 1 bedroom apartments, and one 2 bedroom penthouse duplex. There are no stabilized apartments in either building and currently no long term leases. This is an Owner Broker Listing - Co-Exclusive with Corcoran more
AMENITIES

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Pre-War Building
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Sale Price
Down Payment
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Mortgage Payment:
Common Charges & Taxes: $0

Total Monthly Payment:
Mortgage Amount $27,040,000
Term
30 Year Fixed
Rate
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