Milton Coste

Licensed Real Estate Associate Broker

(917) 416-7433
243 E 61ST Street

For Sale · Listing by Corcoran Group

243 E 61ST Street

Lenox Hill, Manhattan

$5,499,000

Interested in this property?

$5,499,000

$1,100 per sq ft

243 E 61ST Street

Lenox Hill, Manhattan

MLS® #RLS20106681

RLS at REBNY

Listing by Corcoran Group

6
Bedrooms
4.5
Baths
5,000
Sq. Ft.
1905
Year Built

Quick Summary

Bedrooms 6
Bathrooms 5 full, 2 half
Living Area 5,000 sq ft
Lot Size 2,008.4 sq ft
Year Built 1905
Ownership None
Property Taxes $78,516/yr
Neighborhood Lenox Hill
Floor 1 of 4

Property Highlights

  • Views: Other
  • Fireplace: 5 fireplaces
  • Climate Control: Other

Property Details

Type Single Family Residence
Ownership None
Total Rooms 15
Baths 4 Full, 2 Half
Floor 1 of 4
View Other
Cooling Other
Pets Yes
Year Built 1905
Living Area 5,000 sq ft
Structure Type Townhouse
Basement Other
Lot Size 2,008.4 sq ft
Parcel # 1416-0018
Block/Lot 01416/0018

Listing History

Event Date Price Change
Listed Sep 7, 2026 $5,499,000 -
Price Reduced Sep 7, 2026 $5,250,000 -4.5%

Description

Improved Price for a rare 20Ft wide townhouse. Reimagined for fall 2026. A Rare Treadwell Farm Townhouse Opportunity Under $6M. In the heart of Lenox Hill's coveted Treadwell Farm Historic District, 243 East 61st Street offers a rare opportunity to own a substantial 20-foot-wide townhouse with approximately 5,000 square feet, private outdoor space, elevator access, and exceptional long-term potential. Well maintained and thoughtfully designed at the turn of the 20th Century, the home offers the scale, proportions, ceiling heights, masonry presence, and structural integrity that matter most in a significant Manhattan townhouse. Its flexible floor plan allows for bedroom and bathroom realignment, giving the next owner the option to refresh for the 2020s, personalize, or more fully reimagine the home over time. For buyers seeking location, privacy, scale, and upside, 243 East 61st Street represents one of the most compelling value opportunities in the Upper East Side townhouse market: a chance to create a generational Lenox Hill home in the Treadwell Farm Historic District. Set across four expansive floors, the home offers 5 bedrooms in its current configuration, multiple living and entertaining areas, five working wood-burning fireplaces, private outdoor areas, and elevator access to the roof level where expansion is encouraged. Original details include red oak banisters, exposed brick, mahogany and mosaic hardwood flooring, crown moldings, high ceilings, and period fireplaces. Ground Floor The garden level is anchored by a large eat-in kitchen designed down to the studs by Swiss master craftsman Andre Liardet, with stainless steel appliances and a restaurant-grade Montague Grizzly stove. The dining room features a wood-burning fireplace and opens through French doors to an enclosed sunroom and landscaped private backyard. Parlor Floor The second floor offers two generous living rooms arranged around a central gallery and stairwell. Soaring ceilings, original crown molding, two wood-burning fireplaces, and intricate mosaic hardwood flooring create classic townhouse scale and presence. Third Floor The residence floor includes two spacious bedrooms with oak floors, exposed brick, fireplaces, a shared sitting or dressing area, and a marble-tiled bath with soaking tub. The layout offers flexibility for future suite or guest-quarter use. Fourth Floor The top floor is bright and open, accessed by the grand staircase OR elevator...with skylights, floor-to-ceiling windows, French doors, and a Juliet terrace overlooking the garden. This level includes a primary bedroom area with fireplace, plus two additional rooms suited for bedrooms, offices, creative space, or dressing areas. Additional Features The home includes a basement with laundry and tremendous storage space, and multiple private outdoor areas,. The roof offers meaningful potential for future customization, and expansion. At this reduced price point, the opportunity is clear: there is very little in the 20FT Upper East Side townhouse market that is this substantial, this flexible, and this well positioned. The next owner can preserve what works, improve what matters, and invest directly into a home that reflects their own taste, lifestyle, and long-term vision. Photos include some digital rendering.

Features & Amenities

Interior Features

Smoke Free Building Other Fireplace (5)

Exterior Features

None

Building Amenities

Green Building

Building Information

Building Data View Compliance & Permits
Total Units 1
Stories 4
Structure Townhouse

Financial Details

RE Taxes $78,516/yr ($6,543/mo)
Previous Price $5,250,000

Lenox Hill occupies a residential section of the Upper East Side, defined by proximity to Central Park, major medical institutions (Memorial Sloan Kettering, Weill Cornell, Lenox Hill Hospital), and the Madison Avenue retail corridor. Housing stock ranges from large pre-war cooperatives to modern condominiums with East River and skyline views.

Lenox Hill Live Market Data

View Neighborhood

Active Listings

657

Median Asking Price

$1.21M

Median $/Sqft

$1,494

Avg Days on Market

N/A

New This Week

12

Price Reduced

31%

Sold (30 Days)

60

Median Sale Price

$1.35M

Live data from RLS at REBNY • Updated 11/1/26, 10:52 PM EST

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Location

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243 E 61ST Street, Lenox Hill, New York County

Floor Plans

Floor Plan 1
Floor Plan 2
Floor Plan 3
Floor Plan 4
Floor Plan 5

Building Information

Official NYC property records for this building

1927
Year Built
99 years old
3
Floors
R8
Zoning District

Tax & Assessment

Assessed Value: $14,121,900
Land Value: $3,262,500
Exemptions: $0

Note: Individual unit taxes may differ. Verify current tax bills with NYC DOF.

Lot Area: 22,525 SF
Building Area: 75,325 SF
Built FAR: 3.34
Allowed FAR: 6.02

Source: NYC PLUTO (Primary Land Use Tax Lot Output), NYC Department of City Planning (data.cityofnewyork.us)

Want help estimating ownership costs or understanding building compliance? Let's discuss

Frequently Asked Questions

Common questions about this property

The current listed annual property tax is $78,516, or roughly $6,543 per month. Verify the current assessment with your attorney before closing.

This property has 6 bedrooms and 4 full bathrooms and 2 half bathrooms.

The listed interior living area is 5,000 square feet. Verify dimensions independently during due diligence.

According to MLS records, the building was constructed in 1905, making it approximately 121 years old.

This listing is None

Pets are permitted at this property. Contact Milton Coste for weight limits or breed restrictions.

At the current list price of $5,499,000 for 5,000 sq ft, the asking price per square foot is approximately $1,100. This figure is for reference only and may differ from appraised or assessed values.

To schedule a private showing, contact Milton Coste at (917) 416-7433 or [email protected]. Per REBNY guidelines effective 2025, a Buyer Representation Agreement is required before a buyer's broker can show you properties. You may attend open houses independently without one.

Have a question not answered here?

(917) 416-7433
MLS® ID: RLS20106681
First Listed: 7/31/2026
On Market: 9/7/2026
Price Changed: 9/7/2026
Contract Date: 7/31/2026

Listing Courtesy of Corcoran Group - Adam Schneider

Listing Contact: (914) 374-9092

Listing information for certain New York City properties provided courtesy of the Real Estate Board of New York's Residential Listing Service (the "RLS"). The information contained in this listing has not been verified by the RLS and should be verified by the consumer. The listing information provided here is for the consumer's personal, non-commercial use. Retransmission, redistribution or copying of this listing information is strictly prohibited except in connection with a consumer's consideration of the purchase and/or sale of an individual property. This listing information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. ©2026 The Real Estate Board of New York, Inc., all rights reserved. This advertisement does not suggest that the broker has a listing in this property or properties or that any property is currently available.

Broker Commission Disclosure: Broker commissions are not set by law and are fully negotiable.

How working with a buyer's agent works: I work for you, not the seller. Before I show you anything, New York brokerage rules ask us to put that in writing: an agreement and a disclosure that say I work for you and negotiate on your behalf. The agreement is non-exclusive: you can work with other agents, it runs for a short fixed term we agree on, and you can end it with a note. You may attend open houses independently without an agreement. Read how it works

RLS at REBNY

RLS Data display by Keller Williams NYC. Data last updated on 11/2/2026 at 3:52 AM UTC

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Milton Coste - NYC Real Estate Broker

Milton Coste

Licensed Real Estate Associate Broker

Keller Williams NYC

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Sale history, taxes, violations and comps for this unit

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Lenox Hill Market Update

60 sales last 30 days · $1.21M median · 10.9 months supply

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Quick Facts

Status Active Type Single Family Residence Neighborhood Lenox Hill Borough Manhattan
County New York
Floor 1 of 4
Year Built 1905
First Listed 7/31/2026
Living Area 5,000 sqft
Annual Tax $78,516

Monthly Costs Estimate

Down Payment 20%

$1,099,800

Interest Rate Loading...

Source: Freddie Mac PMMS

Loan Term 30 years

Est. Monthly Payment

$0

Principal & Interest $0
PMI (under 20% down) $0
Est. Taxes $6,543
Total Monthly $0

Estimates only. Consult a lender for exact figures.

Mansion tax applies at this price point

New York State charges the buyer a mansion tax on residential purchases at $1,000,000 or more. At this asking price the tier is $5M to $9,999,999 at 2.25%, applied to the whole purchase price. It is due in cash at closing and cannot be financed.

Estimated mansion tax at asking

$123,728

Run the numbers on a different offer price

Estimate based on the asking price. Confirm your own obligation with your real estate attorney.

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