121 East 83rd Street, New York (Upper East Side), NY, 10028 | $12,250,000

121 East 83rd Street presents a rare chance to own a historic 25-foot-wide Carriage House on a charming, tree-lined street in the heart of the Upper East Side, just blocks from Central Park and Museum Mile. This distinguished property boasts a rich history, having originally served as a private stable for Frank W. Woolworth, the retail magnate who founded the F. W. Woolworth Company. It later became the studio and private residence of renowned photographer Carl Fischer, its most recent owner, where some of the world's most iconic magazine covers were created. Currently, the property is configured with doctors' offices on the ground floor and basement, and a residential duplex above, encompassing a total of 7, 825 square feet. While 121 East 83rd Street can continue to be used as an income producing asset, it also offers tremendous potential for conversion into a grand single-family home. Highlights include a curb-cut for private parking, 13' ceilings on the ground floor, ample space for creating a terrace or roof deck, and available Floor Area Ratio (FAR) to expand the property to a total of 10, 420 square feet. The lease on the ground floor doctors' offices ends in the spring of 2025 allowing for substantial income while planning a renovation. Located on the prestigious Upper East Side, this property is nestled in a vibrant neighborhood known for its elegant brownstones, world-class museums, and proximity to Central Park. Residents enjoy an array of upscale dining, shopping, and cultural experiences, making it one of the most desirable areas in New York City.

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