28 E 72nd St - Storefront Retail/Office FOR SALE


New York, NY 10021- Lenox Hill
$15,000,000 USD
212-452-6276
28 E 72nd St, New York, NY for Sale
$15,000,000 USD
Storefront Retail/Office - FOR SALE
1/3
null | Request Cap Rate

28 E 72nd St
New York, NY 10021
Lenox Hill


HIGHLIGHTS

  • Located on the most iconic Madison Avenue retail corner in all of Upper East Side
  • Building can be kept as commercial/residential or restored to single family mansion
  • As-built floor area is approximately 5358sqft, remaining unused FAR is 9242 sqft.

OVERVIEW

The Waldo Mansion Located on the iconic Upper East Side corner of Madison Avenue and East 72nd Street, one block from Central Park, 28 East 72nd Street (“The Waldo Mansion”) is an elegant five-story Gilded Age limestone townhouse with limitless potential. Constructed originally in 1897 for Gertrude R. Waldo by Kimball & Thompson architects as a single family mansion in the neo-French Renaissance (Châteauesque) Style, the property is currently configured as a fully occupied mixed-use asset with 5,358 interior sqft with 9,242 unused FAR. This presents the unique opportunity for a discerning purchaser to restore the home to it’s former glory as a distinguished single-family residence on an exemplary block, or to hold as a long-term income producing asset in one of the most prestigious and valuable neighborhoods in the world. Architectural description: On the entrance level, there is a round-arched entrance with an adjacent round-arched window giving the impression of an arcade. The facade of the mansion is dominated by a projecting curved bay window at the second and third stories surmounted by a balustrade. Both stories contain triple square headed windows. Beneath the fourth floor windows are friezes with richly enframed cartouches. A tall limestone clad chimney continues a composition influenced by the châteaux of the Loire Valley. Although the Waldo Mansion is modeled on French 16th century châteaux, its reduced scale and urban setting result in a characteristically late 19th century American architectural creation. (Architectural description courtesy of Joseph Pell Lombardi) Location: 28 East 72nd Street is located directly adjacent to the iconic Rhinelander Mansion (currently occupied by Ralph Lauren), which was also constructed by Kimball & Thompson architects, on one of the most recognizable landmarked street corners in all of the Upper East Side Historic District. Renowned for its beauty, architectural significance and cultural heritage, this neighborhood is defined by its sophistication, luxury boutiques, fine dining establishments, world-class cultural institutions and Central Park. The Frick Collection and Metropolitan Museum of Art are nearby, as well as prominent art galleries such as Skarstedt and the Anita Shapolsky Gallery, and renowned auction house Sotheby's, making it a destination for culture and the arts. Property Details: • Year Built: 1897 • Interior sqft: 5,358 square feet • Unused Air Rights: 9,242 square feet • Lot Dimensions: 18.25 ft x 80 ft • Building Dimensions: 18 ft x 67 ft • Frontage: 18’ feet on East 72nd Streetbetween Madison Avenue and Park Avenue • Building Class: Single or Multiple Dwelling with Stores or Offices (S9) The building currently comprises three residential units and two commercial units, all under free-market leases. • Stories: 5 Floor Area Ratio (FAR) information: • Residential FAR: 10 • Commercial FAR: 4 • FAR as built: 3.67 • Maximum allowable floor area: 14,600 • As-built floor area: 5358 • Remaining buildable floor area: 9242

FOR SALE DETAILS

PRICE

$15,000,000 USD

PRICE/SF

$1,770 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Office

TOTAL BUILDING SIZE

-

STORIES

5

YEAR BUILT

1987

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.03 AC

LAND SF

1,307 SF

ZONING

C5-1/MP

APN/PARCEL ID

1386-0051

ASK ABOUT THIS PROPERTY

Lucia SmekeBrown Harris Stevens Residential Sales, LLCMore Info
212-452-6276

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Lucia SmekeBrown Harris Stevens Residential Sales, LLCMore Info
212-452-6276

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.