419 East 50th Street, New York (Beekman Place), NY, 10022 | $6,500,000


Built circa 1878 and completely reimagined and gut renovated in 1958, this multi-residential mid-century modern townhouse with an extraordinary lush and beautiful 32' deep, double wide-garden is superbly positioned in the heart of the Beekman-United Nations neighborhood just off the River on Manhattan's East Side on a lovely and quiet residential tree-lined block. Featured on this year's tour of the City Garden Club of NYC, this may be the most special private garden in Manhattan as it is beautiful in the winter as well as the summer. The impressive scale of this house is showcased by its 20-foot width, five stories + cellar, 6, 098 gross interior square feet, the spectacular, landscaped and meticulously maintained year-round garden, and lovely natural light that massive windows draw in: top-grade steel casement windows on the front with completely floor-to-ceiling in the back. In addition, lush green views are showcased from every window both in the front and back of the house. The front of the building with its Pietra Piasantina stone and steel casement windows was renovated in 2001.

The building is currently divided into 3 well-maintained potential income generating apartments: a 3-4 bedroom, 3. 5-bathroom owner's triplex, a one-bedroom duplex, and a two-bedroom duplex each offering unique details such as wood-burning fireplaces, exposed brick, floor-to-ceiling windows, private outdoor space, and high ceilings. There is a security system for the house and central air conditioning throughout except for two through-the-wall units. The house is heated with natural gas and has a circulating hot water heating system, with baseboard cast-iron radiators. There is a washer/dryer in the basement.

The house can be reconfigured as a single-family home or as a live/work home, or a large owner's home with two income-producing units with a low vacancy rate with its proximity to the UN. With a lovely, tranquil, and picturesque location, meticulous details, extraordinary private outdoor space, and well-proportioned and lovely, desirable apartments, this is an incredible opportunity! The house can be delivered fully vacant if desired.
Unparalleled Green Views and Magnificent Garden
From the inside, the home enjoys dominating lush leafy views -both toward the street, and out into the garden-on almost every level. The scenes are green from mid-April into October, then transmute through yellow and orange as days pass into late fall. A 60-old Beech tree rising from in the front of the house provides a layered veil of vegetation for the street side. In back, the block's interior courtyard is particularly open and there are numerous tall trees. The garden attending the house has an overstory of London Planes and a mature Gingko, and an understory including redbuds, Japanese maples, a snow drop, river birch, and witch hazel.
A 60'-long brick wall at the back of this garden area is 12' tall and draped in adult ivy. The garden's hardscape is an antique Bourgogne stone patio with mossy brick terraces beyond. Ivy beds are defined by low brick borders, and have ferns, hellebores, acuba, and rhododendrons. A wooden side wall is designed after Kyoto streetscapes.

Features

  • Town: New York
  • Amenities: Alarm System; Garden; Laundry Room;
  • Rooms: 15
  • Laundry: InUnit
  • Year Built: 1878
  • Cooling: Central
  • Terrace : Yes
  • Building Access : Walk-up
  • Service Level: Voice Intercom
  • Built Size: 20'x63'
  • OLR#: RPLU33422912307
  • Days on Market: 223 days
  • Website: https://www.raveis.com
    /prop/RPLU33422912307/419east50thstreet_newyork_ny?source=qrflyer
All information is intended only for the Registrant’s personal, non-commercial use. This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. RLS Data display by William Raveis Real Estate, Inc.
Listing courtesy of Corcoran Group

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Sarah AlvarezVP, Mortgage Banker, William Raveis Mortgage, LLC

NMLS Mortgage Loan Originator ID 1880936

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Sarah.Alvarez@Raveis.com

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419 East 50th Street, New York (Beekman Place), NY, 10022

$6,500,000

Customer Service

William Raveis Real Estate

Phone: 888.699.8876

Contact@raveis.com

Sarah Alvarez

VP, Mortgage Banker

William Raveis Mortgage, LLC

Phone: 347.223.0992

Sarah.Alvarez@Raveis.com

NMLS Mortgage Loan Originator ID 1880936

5/6 (30 Yr)
Adjustable Rate Jumbo*
30 Year
Fixed-Rate Jumbo
15 Year
Fixed-Rate Jumbo
Loan Amount $5,200,000 $5,200,000 $5,200,000
Term 360 months 360 months 180 months
Initial Interest Rate** 5.500% 6.250% 5.750%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 6.821% 6.396% 5.990%
Monthly Tax Payment N/A N/A N/A
H/O Insurance Payment $125 $125 $125
Initial Principal & Interest Pmt $29,525 $32,017 $43,181
Total Monthly Payment $29,650 $32,142 $43,306

* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.

** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.

The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.