New York (Gramercy), NY, 10003 | $8,950,000

25-Foot Townhouse in the Heart of Gramercy. Incredible value add opportunity. This townhouse is aligned for an investor or end user to create a stunning single-family house or condo or continue its current use with an owner's duplex and rental units above. Currently configured as a 7-unit multi-family house, the total available FAR allows up to 9, 200 square feet. Comparable finished townhouses are trading in excess of $3, 000 per square foot. The house will be delivered vacant.   Nestled on the corner of 19th and Irving, steps away from the iconic Gramercy Park and adjoining picturesque block beautiful, this townhouse presents a unique canvas for crafting an exquisite single-family residence in one of New York's most enchanting neighborhoods. Imbued with immense scale and meticulously preserved original details, this home is a testament to timeless elegance.   As you approach, a beautifully designed stoop and a striking front door welcome you to the parlor floor, which serves as the primary entertaining space for the owner's duplex. Spanning the entire length of the house with 13+ foot ceilings, this floor offers remarkable scale, abundant natural light, and meticulously restored original details, including exquisite moldings and three working fireplaces. It is a space that seamlessly caters to intimate gatherings with loved ones and grand-scale entertaining alike. Descending downstairs, you'll discover the primary suite and separate guest quarters. The primary suite spans the full width of the house and features a full glass rear facade that opens onto the garden, creating a harmonious indoor/outdoor experience. The guest suite, recently gut-renovated, boasts its own entrance, a kitchenette, and an in-unit washer-dryer. This versatile space can function as a standalone apartment or be combined with the owner's duplex. Ascending to the upper levels, you will find five one-bedroom apartments and a two-bedroom penthouse, each thoughtfully renovated in recent years and meticulously maintained. The ceiling heights throughout the upper portion of the house are impressively lofty, with many exceeding 11 feet. The penthouse is a true gem, offering an abundance of outdoor spaces with breathtaking views of the Gramercy skyline. Rarely does a property of this caliber become available, showcasing beautifully preserved and restored original details with such magnificent scale. This space artfully blends the charm of yesteryears with the convenience of contemporary living. 120 East 19th Street offers a discerning buyer the option to live with rental income or transform it into a peerless single-family mansion. This remarkable home has been featured in several prestigious publications. Some photos are virtually staged. The final three photos are conceptual renderings of a single-family residence.

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