This is an excellent opportunity for an investor to acquire a 100% free market property in a developing neighborhood, as future ownership has the potential to create significant value by renovating the five existing floor-through apartments boasting soaring ceiling heights (12’4” on parlor level) or maybe create two 1-BR loft units per floor (subject to architectural review), add a connecting rooftop studio and a private roof deck for the Penthouse apartment, to take advantage of the available air rights. Alternatively, an ambitious visionary amateur of New York history may want to use this canvas and convert back this building into a unique and historic single-family masterpiece, as it was at the end of the 19th century. Originally constructed as a 3-story home in 1824-5, the top 2 floors and rear extension to the entire building was constructed in 1905 to facilitate city water and plumbing for the units.