Studio house for sale

Overview

Offered for sale is this c. 1880 22' wide, four-story Italianate-style townhouse. Located on Madison Avenue between East 124th and 125th Streets, the brownstone fa ade faces west toward Marcus Garvey Park. Originally constructed as a single-family townhouse, this historic home is currently configured as a modernized three-family dwelling with spacious units, central air, renovated kitchens, new flooring throughout, and washer-dryers in each unit. The building is fully vacant and presents a turnkey opportunity for investors and end-users alike. Spanning approximately 5,560 interior square feet, the building contains two duplex units and one simplex on the parlor floor. Historic architectural details include the original stoop, newel posts, front door surround, and elliptical arched windows in the Italianate style. A two-story rear extension was added to the property shortly after it was constructed in the 19th century, adding extra interior space on the garden and parlor floors and elevating the main outdoor space to a sunnier perch on the second floor. The garden apartment is entered below the stoop with its own discrete door. That unit is arranged as a 2-bedroom, 2.5-bathroom duplex with a large foyer, central living area with open kitchen, and two large bedrooms, each with en-suite baths and bountiful closet space. The garden apartment also includes access to the garden and a finished cellar with additional half bath. Up the stoop, there are two units, both entered on the parlor floor via a common foyer. The parlor floor simplex is arranged as a 2-bedroom, 2.5-bathroom with near 11' ceilings, a contemporary open kitchen and living area, and access to the garden via an exterior staircase. The third unit, a duplex on the second and third floors, is expansive and bright. It is arranged as a 5-bedroom, 4-bathroom with a full-width primary suite on the top floor facing west over Madison Avenue and the park. The upper duplex includes a sky-lit internal staircase and enjoys private access to an elevated terrace atop the house's rear extension. 1937 Madison Avenue offers an opportunity to move right into a large townhouse with excellent outdoor space and a conforming Certificate of Occupancy. The building is not located within any historic district, so exterior alterations and expansions do not fall under the purview of the Landmarks Commission. The building is located nearby to the 4, 5 and 6-trains at 125th Street-Lexington Avenue, and is just a block away from Metro-North service at Harlem-125th Street station. 2 and 3-train service is also located nearby at 125th Street and Malcolm X Boulevard (6th Avenue). The location also benefits from close proximity to the active 125th Street corridor for retail and dining, as well as Marcus Garvey Park across 124th Street. Please contact the listing broker for any additional information about the offering.



Ref: 36508-22717555

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