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Improved Price. Reimagined for Spring.
A Rare Treadwell Farm Townhouse Opportunity Under $6M.
In the heart of Lenox Hill's coveted Treadwell Farm Historic District, 243 East 61st Street offers a rare opportunity to own a substantial 20-foot-wide townhouse with approximately 5, 000 square feet, private outdoor space, elevator access, and exceptional long-term potential.
Well maintained and thoughtfully designed at the turn of the 20th Century, the home offers the scale, proportions, ceiling heights, masonry presence, and structural integrity that matter most in a significant Manhattan townhouse. Its flexible floor plan allows for bedroom and bathroom realignment, giving the next owner the option to refresh for the 2020s, personalize, or more fully reimagine the home over time.
For buyers seeking location, privacy, scale, and upside, 243 East 61st Street represents one of the most compelling value opportunities in the Upper East Side townhouse market: a chance to create a generational Lenox Hill home in the Treadwell Farm Historic District.
Set across four expansive floors, the home offers six bedrooms, multiple living and entertaining areas, five working wood-burning fireplaces, private outdoor areas, and elevator access to the roof level. Original details include red oak banisters, exposed brick, mahogany and mosaic hardwood flooring, crown moldings, high ceilings, and period fireplaces.
Ground Floor
The garden level is anchored by a large eat-in kitchen designed down to the studs by Swiss master craftsman Andre Liardet, with stainless steel appliances and a restaurant-grade Montague Grizzly stove. The dining room features a wood-burning fireplace and opens through French doors to an enclosed sunroom and landscaped private backyard.
Parlor Floor
The second floor offers two generous living rooms arranged around a central gallery and stairwell. Soaring ceilings, original crown molding, two wood-burning fireplaces, and intricate mosaic hardwood flooring create classic townhouse scale and presence.
Third Floor
The third floor includes two spacious bedrooms with oak floors, exposed brick, fireplaces, a shared sitting or dressing area, and a marble-tiled bath with soaking tub. The layout offers flexibility for future suite or guest-quarter use.
Fourth Floor
The top floor is bright and open, with skylights, floor-to-ceiling windows, French doors, and a Juliet terrace overlooking the garden. This level includes a primary bedroom area with fireplace, plus two additional rooms suited for bedrooms, offices, creative space, or dressing areas.
Additional Features
The home includes a basement with laundry and storage, multiple private outdoor areas, five working wood-burning fireplaces, and elevator access to the roof level. The roof offers meaningful potential for future customization, and even expansion.
At this price point, the opportunity is clear: there is very little in the Upper East Side townhouse market that is this substantial, this flexible, and this well positioned. The next owner can preserve what works, improve what matters, and invest directly into a home that reflects their own taste, lifestyle, and long-term vision.
Photos include some digital rendering.
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.Our family of companies partner in delivering quality services in a one-stop-shopping environment. Together, we integrate the most comprehensive real estate, mortgage and insurance services available to fulfill your specific real estate needs.
Our family of companies offer our clients a new level of full-service real estate. We shall:
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Our Executive Mortgage Banker:
$5,999,999
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
VP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 347.223.0992
Sarah.DeFlorio@Raveis.com
NMLS Mortgage Loan Originator ID 1880936
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5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
|---|---|---|---|
| Loan Amount | $4,799,999 | $4,799,999 | $4,799,999 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.375% | 6.000% | 5.875% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.117% | 6.121% | 6.058% |
| Monthly Tax Payment | $6,543 | $6,543 | $6,543 |
| H/O Insurance Payment | $125 | $125 | $125 |
| Initial Principal & Interest Pmt | $26,879 | $28,778 | $40,182 |
| Total Monthly Payment | $33,547 | $35,446 | $46,850 |
* 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.