Located on a highly desirable Beekman Place, townhouse street, sits 416 East 50th Street, a vacant, twenty-foot-wide, five-story townhouse with a large south-facing garden. At approximately 4,500 square feet, this 3 unit property is currently configured as a former owner's garden duplex that features a private garden in rear and gracious ceiling heights throughout, a 3rd floor 2 bedroom apartment, and a renovated upper duplex which features a private roof deck. All units are currently vacant. Given the ability to deliver a fully vacant townhouse, 416 East 50th Street is positioned perfectly for a single-family conversion or a foreign government's use as a Consulate or Mission as many homes on the block have done. Additionally, a live with income or income investment is seamless. Located outside the Historic District, this property has a maximum F.A.R. of 7,200 square feet which may allow a discerning purchaser the opportunity to expand the existing footprint. Beekman Place is a tranquil street tucked away from Manhattan's Midtown East District. Developed in the 1920s with considerable cachet, attracting prosperous families and cultural figures, such as: John D. Rockefeller III, composer Irving Berlin; landscape architect Ellen Shipman; CBS executive William S. Paley; and Peggy Guggenheim to name a few.

Property Details of 416 East 50th Street, Unit House

Property Details

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Listed by Matthew Lesser and Ravi Kantha of Leslie J Garfield & Co Inc

Based on information submitted to REBNY as of May 28, 2022 9:15 PM EDT . All data is deemed reliable but is not guaranteed accurate by the MLS. All information should be independently reviewed and verified for accuracy. IDX information is provided exclusively for consumers’ personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

 
 

 

 

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