50 West 86th Street

In Contract

LOT

Lot sq.ft 2554
Lot dimensions 25ft x 102.7ft
Building dimensions 25 ft x 96 ft
Building Frontage 25ft

BUILDING

Building Class C7- over 6 fa mily with commercial
Built 1907
Stories 5
Residential units 8 ALL FREE MARKET
Commercial Units, 1
Commercial sqft 2040
Washer Dryer Yes Select apt
Pool Yes . Grandfathered.
Taxes annual $134,880
Delivered vacant Yes


FAR

FAR 10
FAR as built 2.73.
Allowed usable sqft 25,540
Sqft as built 9012
Unused FAR 18,568

Apartments
- All Free Market
- Apt 1 - Studio + Loft / 1 full bath .
- Apt 2 -1 BR + Loft / 1 full bath.
- Apt 3- 1BR + Loft / 1 full bath + Balcony
- Apt B1 - duplex/2BR/1 full bath.
- Apt B3 - 1BR / 1 full bath + Terrace.
- Apt C3 -2bR loft / 2 full bath + Terrace
- Penthouse 1 duplex 2BR/2 full bath + Private roof deck
- Penthouse 2 duplex 1 BR + Loft + Private roof deck
- Commercial space Open loft / 1 full bath/ 1 kitchen

'THE GOODLUCK MANSION'

-This renaissance revival style mansion retains its original features- The grand limestone entrance with ornate foliate carving with two full-bodied lions flanking the snarling face of a third, an ornately carved original balustrades, High ceilings, exposed brick and multiple fireplaces. The mansion also has a pool on the first floor which has been grandfathered in and can be excavated.

-Delivered vacant and in its original condition with 8 free market units complete with balcony/ terraces, a commercial space 2040 sf in an open loft layout with pool and East, West and South exposures. The building itself has all 4 exposures.

USES:

- Build out the building using its 18,500 ++ sf of available air rights
- Perfect for a not-for-profit organization to convert this property and showcase its storied past and add additional space using the air rights 18,500++ sf.
- Multiple options to convert the building into a educations institution, religious space, galleries, institutions/ workshops areas etc
- Keep the property as a multiple unit investment with its 8 free market apartments and above grade commercial space, add additional space using the 18,500++ sf of available air rights.
- Convert the house back to a single family complete with a pool

Steps from Central Park, the museum of natural history, the MET across the park, subways and more.

The Actual Buildable FAR must be confirmed by conducting a property survey and by a submission to the NYC Dept. of Building and the NYC Landmark Preservation Commission.
Pool is grandfathered in and will need to be excavated.
Fireplaces need to be inspected for viability and restored.