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121 East 89th Street – Listing Details

121 East 89th Street, New York, NY 10128

  • For Sale $6,700,000
  • Property Type Multi-Family
  • Property Size 6,550 SF
  • Units 4
  • Lot Size 1,683 SF
  • # of Floors 4
  • Property Tenancy Multi-Tenant
  • Year Built 1888
  • Date Updated May 27, 2022

Marcus & Millichap is pleased to offer 121 East 89th Street, located on East 89th Street between Park Avenue & Lexington Avenue in the Carnegie Hill section of Manhattan, New York.

121 East 89th Street is a 4 story historic residential building of Northern Renaissance Revival, constructed between 1888 - 1889 under the owner Estate of William C. Rhinelander. The building was designed by Henry J. Hardenbergh, a prominent American architect known for designing the original Waldorf and Astoria Hotels on Fifth Avenue.

121 East 89th Street is located within the Hardenbergh/Rhinelander Historic District, named after the both the architect and the owner estate of the subject property. The Rhinelander family were sugar merchants who acquired large tracts of land in the 1770’s. The Rhinelander’s went off to build over 100 row houses, small flats, and large apartment buildings.

121 East 89th Street consists of 1 office/apartment unit and 4 true three-bedroom\2-bathroom apartments. Each apartment features washer\dryer and 10 foot ceiling heights. The property is built 17 ft x 73 ft and sits on a 20.17 ft x 83.5 ft lot with approximately 6,550 gross square feet. The property is zoned C1-8X allowing for approximately 8,597 gross SF of available air rights (Block: 1518, Lot: 15)

This property offers investors and owner/users the rare opportunity to purchase a historic residential building in the Carnegie Hill section of Manhattan, New York.

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Location

  • City New York, NY
  • Neighborhood Carnegie Hill
  • Zip Code 10128
  • Market Manhattan

Contacts

broker

Matt Fotis

Marcus and Millichap

(212) 430-5206

broker

Robert Aaron

Marcus and Millichap

(212) 430-5232

Contact 121 East 89th Street

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