A 19-room townhouse on Manhattan’s Upper East Side, steps away from the Guggenheim Museum, hit the market Tuesday with an asking price of $29.95 million.
The house is currently configured as two triplex apartments and two simplex apartments, but is being sold as a complete package. It’s "an excellent opportunity to create a trophy property," according to the listing with broker Caylyn Sullivan of Leslie J. Garfield.
A Private Venice Palazzo Is an Art Lover’s Dream https://t.co/ikBsJcqfKN pic.twitter.com/JAhvFSqT97
— Mansion Global (@MansionGlobal) September 23, 2017
"Because of the location, the width and the size of the property, it's likely that someone would take this and convert it to a single-family home," Ms. Sullivan told Mansion Global. "That’s the general trend in some of these bigger houses."
The owner, who used an anonymous LLC, acquired the units over time, Ms. Sullivan said. City records suggest several were acquired in 2006, though it is not clear how much the owner paid in total.
Built in 1903, the Beaux-Arts-style townhouse on East 88th Street has six bedrooms, an elevator, high ceilings, oversized windows, a central skylight, a solarium, a garden and a roof deck.
More:Chicago Home With Ties to Frank Lloyd Wright Selling for $7.65 million
The house is likely to appeal to buyers from all over the globe, according to Ms. Sullivan. "The townhouse market has been relatively domestic," Ms. Sullivan said. "But there does seem to be a little bit of an uptick in international buyers for townhouse properties."
A conversion into a single-family home would likely be a multi-year project. "You’re looking at at least two years for something like this with the planning and everything involved," Ms. Sullivan said.