Ketsali New York

Whole Home: $11,641,575

About this Home

The German Renaissance Revival rowhouse at #19 was built as part of an original row of four (Nos. 13, 15, 17, and 19), constructed for The Dakota’s owner, Edward Cabot Clark, at the same time as the Dakota was going up across the street. The property is currently divided into eight apartments serviced by a fully-restored passenger elevator in period style.
 
The 2-bedroom, 2-bath garden duplex is owner-occupied and sumptuously renovated with rich wood paneling, coffered ceilings, two working fireplaces (one WB, one gas), central air conditioning, integrated sound system by Sonos, and a beautifully finished kitchen with high-end appliances by Subzero, Thermador and Dacor. Off the kitchen, the landscaped garden was renovated at a cost of over $260,000 and features designer lighting, well-maintained perimeter plantings serviced by a computer-controlled automatic irrigation system, with custom-cut Binghamton bluestone decking installed by the preeminent landmarks restoration specialists, Edson Construction. The remaining seven units consist of five 1-bedroom apartments and two 2-bedroom 2-bath duplexes. Each apartment has its own operating fireplace and the top floor Unit 4B features a rooftop penthouse with spectacular open spaces front and rear with lovely views of the Dakota across the street. The parlor floor units feature 13′ ceilings, with ceiling heights on the floors above ranging from 10′ 2″ to 11′.
 
Historic in pedigree, generous in width, and ideally situated just steps from Central Park, 19 West 73rd Street represents a truly exceptional offering for the discerning investor looking for a world-class location, or an owner-occupant in search of a spectacular live-plus-income residence. The German Renaissance Revival rowhouse at #19 was built as part of an original row of four (Nos. 13, 15, 17, and 19), constructed for The Dakota’s owner, Edward Cabot Clark, at the same time as the Dakota was going up across the street. The property is currently divided into eight apartments serviced by a fully-restored passenger elevator in period style. The 2-bedroom, 2-bath garden duplex is owner-occupied and sumptuously renovated with rich wood paneling, coffered ceilings, two working fireplaces (one WB, one gas), central air conditioning, integrated sound system by Sonos, and a beautifully finished kitchen with high-end appliances by Subzero, Thermador and Dacor.
 
Off the kitchen, the landscaped garden was renovated at a cost of over $260,000 and features designer lighting, well-maintained perimeter plantings serviced by a computer-controlled automatic irrigation system, with custom-cut Binghamton bluestone decking installed by the preeminent landmarks restoration specialists, Edson Construction. The remaining seven units consist of five 1-bedroom apartments and two 2-bedroom 2-bath duplexes. Each apartment has its own operating fireplace and the top floor Unit 4B features a rooftop penthouse with spectacular open spaces front and rear with lovely views of the Dakota across the street.
 
The parlor floor units feature 13′ ceilings, with ceiling heights on the floors above ranging from 10′ 2″ to 11′. Historic in pedigree, generous in width, and ideally situated just steps from Central Park, 19 West 73rd Street represents a truly exceptional offering for the discerning investor looking for a world-class location, or an owner-occupant in search of a spectacular live-plus-income residence.

Prospect Property

*This is a potential prospect. This property is up for sale but has not yet been purchased by Ketsali. Once we find sufficient buyers interested in this property we will acquire it, set up an LLC, and sell the corresponding shares to each buyer. Please note, this property may be acquired by someone other than Ketsali in the next coming weeks. If this is the case and you have expressed interest, we will do our best to find something with similar characteristics to the property you liked.*


Estimated 1/10th Unit Cost

We used market data to estimate the cost of turning this home into a Ketsali Experience, which includes a full design makeover, LLC formation, and finding qualified owners.

Criteria 1/10th Unit Cost
Real Estate Price: $8,495,000
$849,500
Upgrade Costs (plus 5% Project Mgt Fee)
$157,500
Total Ketsali Investment per Property $1,007,000
Closing Costs (6.0%)
$50,970
Ketsali Service Fee (12.5%)
$106,188
Total Ketsali Investment plus Fees $1,164,158

Location

New York City, officially the City of New York, historically New Amsterdam, the Mayor, Alderman, and Commonality of the City of New York, and New Orange byname the Big Apple, city and port located at the mouth of the Hudson River, southeastern New York state, northeastern U.S. It is the largest and most influential American metropolis, encompassing Manhattan and Staten islands, the western sections of Long Island, and a small portion of the New York state mainland to the north of Manhattan. New York City is in reality a collection of many neighborhoods scattered among the city’s five boroughs—Manhattan, Brooklyn, the Bronx, Queens, and Staten Island—each exhibiting its own lifestyle. Moving from one city neighbourhood to the next maybe like passing from one country to another. 



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