218 East 31st Street, New York (Kips Bay), NY, 10016 | $4,995,000

Welcome to 218 East 31st Street – a beautifully renovated, 20'-wide Greek Revival style townhouse constructed in 1901. On the market for only the second time in more than half a century, this impeccably maintained home offers everything from a flexible layout that is limited only by your imagination, generously sized rooms, spectacular natural light, a massive and tranquil private garden, three wood burning fireplaces, recent home improvements (including new HVAC, whole house filtration system, boiler and piping), abundant storage throughout, and much more. As you walk down the picturesque, tree-lined street, your eyes will be instantly drawn to the timeless red brick and brownstone façade with a quintessential high stoop and black wrought-iron railings along with a large forecourt and two separate entries. As you step inside this 5-floor townhome, you are greeted by gracious ceiling heights throughout, a coveted 20' of width, beautiful hardwood floors, and an abundance of natural light that pours in through oversized windows at all hours. The heart of this three-family home is the compelling owner's triplex that occupies the garden and parlor floors, as well as a finished basement with a newly remodeled full bath that can serve as a home gym, media room, playroom, or extra bedroom. The unit's grand living and dining areas exude elegance and warmth – with a cozy fireplace, modern finishes, and floor-to-ceiling windows overlooking the beautifully landscaped, southern-facing private backyard. This outdoor sanctuary is a true urban retreat, featuring a generous patio, lush greenery, mature trees, and ample space for al fresco dining, entertaining, or simply unwinding after a long day. The third and fourth floors each contain large two-bedroom, 1. 5 bath floor-through apartments that are filled with natural light throughout the day. The property can be delivered vacant at closing, which presents discerning buyers the unique opportunity to incorporate the upper apartments into the owner's unit to create a stunning single-family dream home or a two-family investment property. In addition, 218 East 31st Street has more than 2, 700 s. f. of unused FAR, offering the incredibly valuable optionality to add an additional floor/floors if desired. This home is move-in ready – with several recent improvements made to the house, which speak to the quality and care taken by its current owners. Nestled on a charming, tree-lined townhouse block in the heart of Kips Bay, this prime location is steps from public transportation, the East River Esplanade, Trader Joe's, world-class dining and shopping options, and Grand Central Terminal and also offers immediate proximity to the vibrant Gramercy and NoMad districts. One of the distinct characteristics of this sought-after block is that 31st Street begins at 2nd Avenue, and the lack of through traffic ensures a quiet and safe atmosphere for residents. In a city where properties change hands frequently, don't miss your chance to own this rare find and create a legacy for generations to come.

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