14 EAST 69 STREET

For Sale - Manhattan - Upper East Side

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Key Details

Property Type
MultiFamily
Neighborhood
Upper East Side
Property Dimensions
30.0 x 78.0
Property Area
12,048 sq.ft.
Total Units:
5
Stories:
6
NOI
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Price
Submit Best Offer
Price Per Unit
-
Cap Rate
-%

Listing Description

Ariel Property Advisors has been retained on an exclusive basis to arrange the sale of 14 East 69th Street, an exceptional 5-story, 30-foot-wide, historic elevator townhouse located just a half block from Central Park in the Lenox Hill neighborhood of Manhattan’s Upper East Side.

Totaling approximately 12,300 gross square feet, this elegant stone townhouse consists of 5 spacious, free market residential units above 1 medical-office unit amassing 2,500 gross square feet at the garden level of the building. The residential portion of the building greets residents with an expansive entryway featuring high ceilings and is flush with natural lighting. The grandeur continues into the 4-bedroom owner’s duplex that comes complete with custom marble finishes, a massive living room space with wood-burning fireplace, a separate dining room, bar, and music room, as well as a wide, French-style spiral staircase leading from the 1st to 2nd floor. The 3rd and 4th floors each feature two large, 1-bedroom apartments which also encompass custom design elements incuding wood burning fireplaces. The property also features an elevator that provides access to floors 1-4 and can be delivered vacant – providing value-add investors and owner-users with the ability to restructure the existing layout to add additional units or create a custom, one-of-a-kind, single family residence.

Situated along a tree-lined street just steps from Central Park and Madison Avenue, 14 East 69th Street is simply unrivaled in its premiere location. There are an abundance of area draws and entertainment options in close proximity to the property, including the Frick Museum, Park Avenue Armory and the Metropolitan Museum of Art, as well as an endless array of iconic retail and restaurants along Madison Avenue. The Lenox Hill Hospital is conveniently located within short walking distance from the subject property, and transportation options include the 6 train at the 68th Street-Hunter College station as well as the F, M, N, Q, and R trains along the recently completely second avenue subway line on Lexington Avenue and 63rd Street.

Featuring large units and distinguished structural and façade work, 14 East 69th Street presents a rare repositioning opportunity for investors, developers, and owner-users alike. This property is in a highly sought-after location and has not traded hands in nearly half a century, making the building an absolute must-see. For more information on this listing, please contact our exclusive sales team.

Property Details

Block/Lot:
1383/61
Lot Dimensions
30.0 x 100.42
Lot Area
3,012 sq.ft
Zoning:
R8B
FAR as Built:
3.73
Max FAR:
4.0
Matthew GillisAriel Property Advisors
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Sales & Transactions

AddressSale PriceSale DateProperty Type
1626 YORK AVENUE$12,130,43507/12/2018MultiFamily
1624 YORK AVENUE$8,086,95707/12/2018MultiFamily
345 EAST 92ND STREET$6,075,00007/11/2018MultiFamily
228 EAST 81ST STREET$11,300,00006/26/2018MultiFamily
343 EAST 76TH STREET$9,500,00006/26/2018MultiFamily
503 EAST 83RD STREET$6,380,00006/14/2018MultiFamily
433 EAST 85TH STREET$5,550,00006/08/2018MultiFamily
39 EAST 67TH STREET$16,000,00005/23/2018MultiFamily
309 EAST 92ND STREET$9,300,00005/07/2018MultiFamily
313 EAST 92ND STREET$8,400,00004/30/2018MultiFamily