House: 416 East 50th Street

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.

Description provided by Matthew Lesser