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Renovated Turnkey 25 ft. Wide Limestone Mansion -- Universal Appeal
No. 9 East 82nd Street offers a rare opportunity to own a significant mansion on one of the Upper Eastside's most desirable tree-lined townhouse blocks. Currently generating substantial rental income, this 9, 016 square foot property could also be reimagined and reconfigured as a stunning single-family residence.
Designed by architect Henry Andersen and built in 1895, No. 9 is a stately five-story Gilded Age structure, as attractive for its 25-foot width as for its location between Fifth and Madison Avenues. Once home to the Kellogg Family, it counts Central Park and the Metropolitan Museum of Art among its closest neighbors. The subject property is one of four consecutive Neoclassical townhouses, each with prominent architectural elements. Our subject boasts a limestone base, expansive south-facing casement windows, and a raised portico entrance, as well as a proper secondary service entrance. Other notable details threaded throughout the facade include Greek motifs, a stately frieze detail, and yellow brick and terra cotta accents below the copper cornice.
Arranged as four (4) ultra-luxury rental apartments, each generating significant rent, the building was fully renovated in 2021. Individual units feature high ceilings, custom lighting, beautiful oak flooring, new central air-conditioning and heating systems, custom millwork, decorative fireplaces with restored mantels, and imported kitchens, while the fabulously-appointed bathrooms have heated floors and custom lighting. For an investor who prioritizes performance stability and a seamless transition through acquisition to operation, a structure and setup this ready and reliable, in a location this desirable, might be impossible to replicate.
The garden-level unit includes a grandly scaled great room with an open-concept kitchen, leading to a beautiful private garden more than 32 feet deep. This unit also features two (2) bedrooms, an office, and a den with storage.
The second unit, a four (4)-bedroom duplex, enjoys a beautifully paneled great room, 12'9" ceilings, and a staircase with sculptural glass railing. A European-designed kitchen with a breakfast nook leads to a private outdoor space. Two (2) large south-facing bedrooms and two (2) full baths also appear on this level. The duplex's upper floor has a large media room, an expansive south-facing primary bedroom with custom closets, and a spa-equivalent bathroom with freestanding tub, custom lighting, heated floors, a Toto washlet, and a spacious shower.
Units three and four are each full floor simplexes with two (2) south-facing bedrooms, two (2) full baths, and an expansive great room with open-concept kitchen.
Current rent roll and single-family floorplan can be made available upon request.
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.
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Our Executive Mortgage Banker:
$28,880,000
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 |
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|---|---|---|---|
| Loan Amount | $23,104,000 | $23,104,000 | $23,104,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.375% | 6.125% | 5.875% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.117% | 6.235% | 6.058% |
| Monthly Tax Payment | $16,741 | $16,741 | $16,741 |
| H/O Insurance Payment | $125 | $125 | $125 |
| Initial Principal & Interest Pmt | $129,376 | $140,382 | $193,408 |
| Total Monthly Payment | $146,242 | $157,248 | $210,274 |
* 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.