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113 East 81st Street
Located on a picturesque tree-lined block in the heart of the East 80s, 113 East 81st Street is a distinguished 20-foot-wide, four-story townhouse offering exceptional flexibility, scale, and development potential. Currently configured as a vacant two-family residence, the property has a total of five bedrooms and six full baths and can be maintained as an income-producing investment property or seamlessly converted into a spectacular single-family home, creating a rare opportunity to design a bespoke Upper East Side residence.
Originally built in 1899, the approximately 5, 000-square-foot townhouse is thoughtfully arranged as two spacious duplexes plus a full floor usable basement with full bathroom and an easement to the street.
The lower duplex welcomes you through the front vestibule into an expansive living room overlooking the street, with a generous dining area at the rear that opens directly onto a beautifully landscaped 50-foot 910 Sq foot private garden. The main level also features a full kitchen and an interior staircase leading to the second floor, where there are three well-proportioned bedrooms and two full bathrooms. This lower duplex residence also enjoys direct access to a large, fully usable basement with a full bathroom and an intact street-level easement, providing exceptional storage, utility space, and future customization opportunities.
The upper duplex offers an elegant entertaining level with gracious living and dining rooms on the third floor. The fourth floor includes two spacious bedrooms, three full bathrooms, and a separate study/home office, providing an ideal layout that can easily be modified.
Throughout the home, there are generously scaled rooms, an abundance of natural light, multiple working fireplaces, and ample closet and storage space reflecting the timeless character and proportions of classic Upper East Side townhouses.
Adding to its appeal, the property includes approximately 3, 000 square feet of unused air rights, presenting significant expansion potential, subject to applicable approvals. A newly installed gas-fired boiler provides updated infrastructure while preserving the home's historic charm.
Whether retained as a two-family residence, enjoyed as a live-with-income opportunity, or transformed into a magnificent single-family mansion, 113 East 81st Street represents an exceptional offering in one of Manhattan's most coveted neighborhoods.
Property is heated by gas. Renderings of a single family prototype to follow.
Special Features
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:
$7,350,000
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 | $5,880,000 | $5,880,000 | $5,880,000 |
| 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 | $6,657 | $6,657 | $6,657 |
| H/O Insurance Payment | $125 | $125 | $125 |
| Initial Principal & Interest Pmt | $32,926 | $35,254 | $49,223 |
| Total Monthly Payment | $39,708 | $42,036 | $56,005 |
* 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.