Investment Strategy:
The property was acquired at a reasonable cost basis and required a complete gut rehab. The site offered a unique opportunity to offer a residence rarely available in Manhattan by providing a private garage and residential elevator incorporated in its design. Three separate outdoor areas, a rear garden on the first level, a deck on the parlor floor, and a balcony off the master suite located on the top floor all compliment each floor plate by perfectly allowing indoor and outdoor space to merge.
Project Details
Building Type:
Brownstone | Single Family Residence
Architect:
Cybul Cybul Wilhelm Architects
Project Type:
Conversion | Rehab
Price:
$3.85MM
Financed By:
Private Equity
Status:
Sold & Closed
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Location:
Murray Hill / Kipps Bay
Project Involvement:
Identifying Opportunity, Acquisition,
Financing, Project Management, Construction,
Sales & Marketing, Brokerage Services
Year:
2004-2005
Press:
Curbed