308 East 52nd Street
Lovely, mid-nineteenth century four story plus full basement townhouse which contains 3,952 square feet total. This gracious house consists of an owner's duplex and two floor-through rental apartments. Each floor retains original period details, including decorative marble fireplaces, oak floors, crown moldings and picture moldings. In addition, the backyard is a show place of lawn, garden and patio. The windows allow for generous light in every room. The house has been beautifully maintained by the same family for two generations and is in excellent condition throughout. One tenant is on a month-to-month basis and one has a lease that will expire in February of 2008, which allows for the possibility of renovation into a single family residence. Zoning will permit the addition of two additional floors. This is a perfect opportunity for families and U.N. agencies to move to a townhouse just a few blocks from Midtown and the United Nations. Currently taxed as four family dwelling. Conversion of the owner's duplex would result in tax as three family dwelling with a substantial reduction in tax.
This listing courtesy of Fox Residentials