Ever wanted to own a house on the Upper East Side…and a basketball court? Well, now’s your chance. The beautiful townhouse at 164 E. 70th St. may be asking $14.9M, but was recently reduced in price by a whole $1.5 million. Totaling 7,400 square feet, the house has four bedrooms, six full bathrooms, an elevator (yes, its own elevator), and a basketball court. Here’s everything we love about this extravagant find.
The Price: $14,850,000
The lucky buyer of this home would be on the hook for $77,590 per month for a 30-year mortgage; that’s a $69,631 mortgage payment and $7,959 in monthly taxes. That is, of course, after a 20% minimum down payment of $2.97M.
The townhouse is priced exceptionally high even for the neighborhood. The median asking price of a home on the Upper East Side was $1.7 million this July, according to the StreetEasy Data Dashboard. But believe it or not, it’s far from the most expensive listing in Manhattan at the moment! And with so many great features inside, it’s hard to argue with the price point.
Inside the Home
The house was originally built in 1901, but has since been meticulously renovated by BWArchitects in partnership with PSA Studios and Kari McCabe, so every space is absolutely stunning. The garden floor has a separate entrance, bedroom suite, and kitchenette, so it could make a great guest suite. An entertainment room with heated floors completes this floor and overlooks the back garden, where you’ll find a gorgeous patio for entertaining or simply relaxing outside. One floor down, the basement features a cedar closet, wine cellar, and areas for storage, a workshop, and a home gym.
Entering the parlor floor, you’ll be welcomed by the grand salon, boasting 12-foot ceilings and a wood-burning fireplace. Behind it, the kitchen and dining room are cased in original oak paneling, but made much brighter by the kitchen’s blue cabinetry and two-story wall of casement windows. And if one wood-burning fireplace wasn’t enough for you, there’s another in this room!
One floor up, you’ll find the living room, which could also be a media room or home office. It has a balcony that overlooks the garden below, too. This floor also houses the library, which could be turned into another bedroom, although there’s no closet. Both rooms on this floor also have fireplaces! The rest of the bedrooms are on the next two floors: one large suite (with two fireplaces!) on the fourth floor, and two with a shared bathroom on the fifth floor.
But the real selling point is the sixth floor: the basketball court with ceilings over 15 feet tall and lots of windows. If you’re not a fan of basketball, you could always renovate this room for a different purpose. But really, how many people can say they have a basketball court in their house?
Located in the Lenox Hill area of the Upper East Side, this house is just a few blocks from Central Park and Museum Mile. Hunter College’s campus is also just down the street. You’ll never be short of places to shop or eat, with Target, Anthropologie, Nordstrom, BLT Prime, Seamore’s, and JG Melon all nearby. The 6 train and the Q train are each a couple of blocks from the home.
Because this house is configured as a single-family unit, it would take a lot of work to turn it into a rental opportunity, so don’t count on that to put a dent in the massive price tag. Otherwise, it’s hard to find faults in a nearly $15M home!
Check out the listing at 164 E. 70th St. listed by Cathy Franklin of Corcoran.