This five-story, elevator multi-family townhouse sit’s mid-block on the beautiful tree-lined E 37th St between Park Avenue and Lexington.
Spanning a generous 21 feet wide and including approximately 8,500 square feet in size, this six-unit townhouse poses an ideal investment opportunity. There is potential to convert 107 E 37th St into a trophy single family townhouse with an additional floor built to create a grand 10,000 SF mansion off Park Avenue. Additionally, one could use as primary residence plus income producing investment, or have the potential to convert to commercial use for a consulate or embassy.
It includes a beautiful triplex with a private garden patio, state-of-art chef’s kitchen and soaring ceiling heights.
A renovated third floor two-bedroom unit features a balcony, and the fourth level full-floor 2 bedroom/2-bathroom apartment includes a glass-enclosed solarium and outdoor terrace. Two of the six units are rent stabilized, for a total current income of $345,214/yr. Featuring a beautifully-finished common rooftop as well as a common laundry room in the basement, this property is in turn-key condition.
Centrally-located in the heart of Murray Hill, this building is just minutes away from Midtown’s best shopping, dining, and transportation including Grand Central Station.