38 East 63rd Street, New York (Upper East Side), NY, 10065 | $14,000,000

Rare, Boutique Office Building in Prime Location

This luxury, commercially zoned townhome is situated at the epicenter of New York City's luxury retail corridor-- home to the world's biggest names in high fashion and hospitality


The 18ft townhome comprises approximately 7, 155 sq/ft of various open office spaces above grade, as well as an additional 1, 545 sq/ft of storage and mechanicals on the lower level.

All 5 floors are serviced by an expansive, wood-paneled commercial elevator. There are various outdoor spaces as well, including a small garden, terrace, and Solarium.

Additional highlights include hardwood floors throughout, 12' ceilings on the parlor floor and large windows

Built in 1880 by acclaimed Architect F. S. Barus, 38 East 63rd Street is located between Park and Madison Avenues on a picturesque, tree-lined block lined with historic townhomes. Its facade was altered to its current configuration in elegant Neo Georgian design in 1904 by Architect William Strom, as a residence for Banker John Greenough and his family.

Beginning in the early 50's, the home was converted from residential to commercial and has since served as a doctor's practice, an art gallery, and an upscale beauty salon.

Offering convenient access to Central Park and 5th Avenue shopping and dining, this property can easily be optimized for a variety of commercial uses. Aside from offering an ideal space for traditional medical and finance offices, it could also serve as anything from an art allery or museum to a luxury fashion house with offices and a showroom. This is a co-exclusive with The Modlin Group.

Features

  • Town: New York
  • Levels: 5
  • Cooling: Unknown Type
  • Laundry: InUnit
  • Year Built: 1880
  • Building Access : Walk-up
  • Service Level: None
  • OLR#: RPLU21922875663
  • Days on Market: 82 days
  • Website: https://www.raveis.com
    /prop/RPLU21922875663/38east63rdstreet_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 Brown Harris Stevens

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Sarah AlvarezVP, Mortgage Banker, William Raveis Mortgage, LLC

NMLS Mortgage Loan Originator ID 1880936

347.223.0992

Sarah.Alvarez@Raveis.com

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38 East 63rd Street, New York (Upper East Side), NY, 10065

$14,000,000

Customer Service

William Raveis Real Estate

Phone: 888.699.8876

Contact@raveis.com

Sarah Alvarez

VP, Mortgage Banker

William Raveis Mortgage, LLC

Phone: 347.223.0992

Sarah.Alvarez@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 $11,200,000 $11,200,000 $11,200,000
Term 360 months 360 months 180 months
Initial Interest Rate** 6.125% 6.750% 6.500%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 7.430% 6.851% 6.664%
Monthly Tax Payment N/A N/A N/A
H/O Insurance Payment $125 $125 $125
Initial Principal & Interest Pmt $68,052 $72,643 $97,564
Total Monthly Payment $68,177 $72,768 $97,689

* 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.