$4,950,000

329 East 18th Street offers a rare opportunity to create a custom townhouse on a block of 33 townhouses just off Gramercy Park.

Twenty feet wide and four stories tall, plus a fully excavated, benched cellar, the home spans approximately 4,800 square feet on a 92-foot-deep lot with a large garden. It has been completely gutted and features new and sistered structural joists, new electrical service, and a new sewer line with substantial drainage and sump pumps.

Located outside of the historic district, 329 East 18th Street has a maximum buildable area of 5,520 Square Feet subject to D.O.B. approval. With its structural groundwork well advanced and a high-end window package on site and included in the sale, the property is primed for a seamless transformation as an exquisite single-family home, or as multi-family residence for live with income or pure investment.

Perfectly positioned on a picturesque, tree-lined block between Gramercy Park and Stuyvesant Square, the location combines the tranquility of a classic residential street with the vibrancy of downtown living. Residents will enjoy close proximity to Union Square, Irving Place, and some of the city's best restaurants, shops, and transportation.