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301 East 10th Street

Posted by Beauchamp Estates

12 May, 2020

301 East 10th Street

US$8,500,000.00

Seldom does a vacant 25'-wide townhouse opportunity come to market located directly across from Tompkins Square Park. At approximately 6,375 square feet, 301 East 10th Street poses endless opportunities to renovate this grand property into one of the East Village's most unique properties.

Set on a row of landmarked townhouses, 301 East 10th Street was originally built in the late 19th Century by architect Joseph Trench in Italianate style as a single-family home.

This property was later altered in an interpretation of Queen Anne style with raised ceiling heights, changed lintels, sills, and cornice.

Currently configured as five, gracious floor-through units. Ceiling heights are grand and range from 9' to 13' at Parlor level.

Unobstructed, sunlit views overlooking Tompkins Square Park in front, 360 degree Manhattan views from the roof including the Cooper Hotel, the Williamsburg Bridge, and the Freedom Tower to the South and the Empire State, Chrysler, and New York Life buildings to the North. Large, north-facing garden and terrace in rear abutting a historic carriage house on 11th street.

This extra-wide property is underbuilt by approximately 3,300 square feet and is prime for redevelopment.

Potential uses include single-family conversion, live-with-income, or a value add renovation to create additional units as either multifamily investment with boosted income or boutique condominium in a surging East Village condominium market, with recent sales north of $2,500 per square foot.

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