59 East 73rd Street, New York (Upper East Side), NY, 10021 | $9,995,000

Discover a rare chance to design your own single-family residence in the heart of the Upper East Side. This classic five-story townhouse, set on a generous 17. 6' × 102. 2' lot, boasts an impressive 7, 525 square feet of living space. Built in 1910, this historic gem is just seconds away from Madison and Fifth Avenues, offering both privacy and tranquility while keeping you close to Central Park, renowned galleries, exquisite shopping, and the finest dining options. Nestled within the Upper East Side Historic District and designated as a landmark, this property is steeped in character and charm. Zoned R8B/R10 & PL (Special Park Improvement District), it permits residential use, providing the perfect canvas for your vision. This five-story townhouse, currently configured as a ten-unit condominium, features two apartments per floor—a front studio and a back one-bedroom. The street-level studio (1F) boasts a private gated entrance from East 73rd Street, while the one-bedroom (1B) offers a charming private garden/patio. On the parlor floor, a spacious studio (2F) with high ceilings and a one-bedroom (2B) overlooking the serene garden await. The third-floor studio (3F) enjoys tree-lined views, and the one-bedroom (3B) features a private terrace. The fourth floor includes a studio (4F) and one-bedroom (4B), while the fifth floor showcases a sun-drenched studio (5F) and a one-bedroom (5B) with two skylights. Each apartment is equipped with renovated granite kitchens, stainless steel appliances, marble bathrooms with European-style showers, and individually controlled heating and air conditioning. The building underwent a comprehensive renovation in 2007, including plumbing and electrical updates, as well as elegant new marble flooring in the entry hall that complements the original mahogany details. The facade was restored in 2017, with roof replacements and skylight updates completed at that time. 59 East 73 offers incredible investment potential with versatile options: convert the property into a stunning single-family home just seconds from Central Park, maintain it as a rental investment with all units leased or sold individually, create a duplex or triplex while keeping other units as rentals, or even divide it into two duplexes and a simplex. 59 East 73 has a FAR of 4, with 7, 192 allowable sq. ft. *** The Actual Buildable FAR must be confirmed by conducting a property survey and by a submission to the NYC Dept. of Building and the NYC Landmark Preservation Commission. *** Take advantage of this rare opportunity to own a distinguished brownstone on one of America’s most desirable streets, and make it your very own.

Features

  • Town: New York
  • Cooling: Central
  • Levels: 5
  • Amenities: Spa Services; Fitness Room; Laundry Room;
  • Rooms: 25
  • Bedrooms: 1
  • Baths: 1 full
  • Laundry: CommonArea
  • Year Built: 1910
  • Pet Policy: Pets Allowed
  • Washer/Dryer Allowed: Yes
  • Terrace : Yes
  • Patio: Yes
  • Building Access : Walk-up
  • Service Level: Voice Intercom
  • Built Size: 18'x83'
  • OLR#: COMP1687045424524780
  • Days on Market: 521 days
  • Website: https://www.raveis.com
    /prop/COMP1687045424524780/59east73rdstreet_newyork_ny?source=qrflyer
All information is intended only for the Registrant’s personal, non-commercial use. This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. RLS Data display by William Raveis Real Estate, Inc.
Listing courtesy of Compass

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Sarah DeFlorioVP, Mortgage Banker, William Raveis Mortgage, LLC

NMLS Mortgage Loan Originator ID 1880936

347.223.0992

Sarah.DeFlorio@Raveis.com

Our Executive Mortgage Banker:

  • Is available to meet with you in our office, your home or office, evenings or weekends
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59 East 73rd Street, New York (Upper East Side), NY, 10021

$9,995,000

Customer Service

William Raveis Real Estate

Phone: 888.699.8876

Contact@raveis.com

Sarah DeFlorio

VP, Mortgage Banker

William Raveis Mortgage, LLC

Phone: 347.223.0992

Sarah.DeFlorio@Raveis.com

NMLS Mortgage Loan Originator ID 1880936

5/6 (30 Yr)
Adjustable Rate Jumbo*
30 Year
Fixed-Rate Jumbo
15 Year
Fixed-Rate Jumbo
Loan Amount $7,996,000 $7,996,000 $7,996,000
Term 360 months 360 months 180 months
Initial Interest Rate** 5.750% 6.500% 6.000%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 6.844% 6.597% 6.158%
Monthly Tax Payment N/A N/A N/A
H/O Insurance Payment $125 $125 $125
Initial Principal & Interest Pmt $46,662 $50,540 $67,475
Total Monthly Payment $46,787 $50,665 $67,600

* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.

** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.

The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.