Listing no longer available

This handsome commercial townhouse with approximately 5,600 interior square feet on 6 levels is one of the very few properties available for purchase in the valuable C5-1 zoning district along Madison Avenue. Presently occupied by a single commercial user, this renovated building has an 8-passenger commercial elevator and can be delivered vacant in 3-6 months. The property is zoned for any commercial use including luxury retail, offices, restaurant or bar. The location is adjacent to the new James Perse store and other fine retailers along Madison Avenue and benefits from the huge foot traffic generated by the Metropolitan Museum of Art. Municipal height restrictions permit the addition of a sixth floor with approximately 850 square feet. Therefore, the asking price of $10,000,000 includes 1,000 square feet of air rights. The excess air rights of 6,020 square feet can be sold separately at a price to be negotiated.