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First time on the market in almost 50 years! This exquisite Landmark Elevator Townhouse also known as The Piscator House, is in excellent condition with over 2,000 sqft of beautiful private outdoor space. This extraordinary opportunity allows the purchaser to live with generous income or combine into a spectacular single family home.Endless possibilites await with grand proportions and great light.The property located at 17 East 76th Street, New York, NY, between Fifth and Madison Avenues is known as the Piscator House after playwright and director Erwin Piscator spent many years here before going back to Germany. Erwin Piscator was with Berthold Brecht the founder of the "Epic theater". The property is located on a tree lined block considered one of the three most attractive blocks in the city, lined with limestone mansions on both sides. Built in 1898, the building was one of six limestone and brick mansions developed together at the time. Two bishops' crook traditional lampposts were installed to replace the aluminum lamppost that existed previously. Easy access to all sections of the city is provided by New York City's mass transportation systems.
The property is also conveniently located near all needed support facilities, including schools, hospitals, financial institutions, museums, shops, strolling areas and restaurants. It is half a block away from the 76th street entrance to Central Park. The property is a 5 story building situated on a 20'2' x 102' plot. There are 5 fully renovated units consisting of 2 Jr.2-bedroom, 1 2-bedroom, 1 professional/residential office on the parlor floor and a professional/residential ground floor Duplex office with its own street entrance and rear garden yard. All floors have been gut-renovated and fitted with new bathrooms and wet bar/kitchen areas. All electrical service was changed on each floor. The cellar is fully usable as a full floor and part of Ground floor duplex. All apartments have central air conditioning with the building having all new systems with six zones. All roof areas have been redone within past five years. Front and Rear facades have been cleaned and re pointed. The Front cornice was also completely redone in 2010. The Front Steps and stone parapet were redone in June 2021. There are six wood burning fireplaces. There are landmark approved thermo pain windows. A new set of stairs was installed in 2007 matching the original wood work and design. The stairs go from garden floor to fourth floor. Hot water is provided through two independent Gas burners providing full redundancy with adequate water capacity and recovery. An Electric Hot water Boiler was also installed in 2021 for gas redundancy. There is 24/7 water circulating system allowing for instant hot water everywhere. The building has a professional Water filtering and self flushing purifying system installed in 2019. New Gas lines and new Sprinkler lines were brought into the building from the street in 2021.Can easily be restored to a single family home.
There are four terraces and garden areas; One in the rear yard, one on the fourth-floor rear, one on the fifth-floor front - a landscaped Japanese garden published in AD, as well as in many publications and books; It has also been featured in numerous Japanese TV programs. There is also a terrace on the sixth floor landscaped with a dining area and covered sitting area. This property is not subject to Rent Control or Rent Stabilization regulations and rents are free to increase based on market conditions. All leases have 6-month cancellation clauses upon signature of a contract of sale. House can be DELIVERED VACANT or Fully or Partly Tenanted. LIVE WITH INCOME.
All leases are residential leases. Work Live permitted. All leases increase 3.8% per year. All tenants have similar lease termination clauses.