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[PublicRemarks] => A 7,750 SF mixed-use walk-up with nine free-market three-bedroom apartments over two commercial spaces: an operating restaurant with basement dining and a retail storefront leased to a shoe store.
The headline: six of the nine apartments will be delivered vacant on September 1, and every unit in the building is free-market. An investor can start renovating the majority of the residential portion on day one, with no buyouts to negotiate and no regulated leases to work around.
The value-add math is straightforward. Each apartment is a three-bedroom, one-bath layout. Add a second bathroom, in-unit laundry, and updated finishes, and these units rent at a different number. The two commercial tenants keep paying while the work happens, so the building produces income through the entire reposition.
The location does the rest: two short blocks to Central Park, roughly ten blocks to Columbia University, with the 1, B, and C trains nearby and the restaurants of Columbus and Amsterdam at the doorstep.
Most value-add deals make you wait years for the vacancy. This one hands it to you at closing.
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The alcove kitchen includes a full suite of appliances—including a brand-new LG refrigerator and Fisher & Paykel dishwasher —and even enjoys its own city view. The white marble bathroom adds a touch of sophistication, while generous closet space along one wall provides ample storage.
Residents enjoy full-service amenities, including a 24-hour doorman and concierge, live-in superintendent, responsive on-site handyman, and access to a roof deck and sky lounge with stunning panoramic vistas. The building also features a beautifully renovated lobby and elevator service throughout.
Located on East 47th Street between Second and Third Avenues, this home offers the best of Midtown East living—steps from the UN, major offices, transportation, and some of the city’s finest dining and shopping.
Residents enjoy the convenience of being next door to the Vanderbilt YMCA where residents can receive a 20% discount of the existing membership rates. This offer includes access to the pools, cardio center, locker rooms, weight training center, sundeck and the many classes offered.
Diplomats are permitted to purchase upon waiver of Diplomatic Immunity and live-work scenarios.
Whether as your next home or investment, this inviting residence offers a perfect blend of light, space, and location.
Please note there is an assessment until February 28, 2027 of $59.65.
Some photos have been virtually staged or digitally altered to show the possibility of this residence.
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The headline: six of the nine apartments will be delivered vacant on September 1, and every unit in the building is free-market. An investor can start renovating the majority of the residential portion on day one, with no buyouts to negotiate and no regulated leases to work around.
The value-add math is straightforward. Each apartment is a three-bedroom, one-bath layout. Add a second bathroom, in-unit laundry, and updated finishes, and these units rent at a different number. The two commercial tenants keep paying while the work happens, so the building produces income through the entire reposition.
The location does the rest: two short blocks to Central Park, roughly ten blocks to Columbia University, with the 1, B, and C trains nearby and the restaurants of Columbus and Amsterdam at the doorstep.
Most value-add deals make you wait years for the vacancy. This one hands it to you at closing.
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The alcove kitchen includes a full suite of appliances—including a brand-new LG refrigerator and Fisher & Paykel dishwasher —and even enjoys its own city view. The white marble bathroom adds a touch of sophistication, while generous closet space along one wall provides ample storage.
Residents enjoy full-service amenities, including a 24-hour doorman and concierge, live-in superintendent, responsive on-site handyman, and access to a roof deck and sky lounge with stunning panoramic vistas. The building also features a beautifully renovated lobby and elevator service throughout.
Located on East 47th Street between Second and Third Avenues, this home offers the best of Midtown East living—steps from the UN, major offices, transportation, and some of the city’s finest dining and shopping.
Residents enjoy the convenience of being next door to the Vanderbilt YMCA where residents can receive a 20% discount of the existing membership rates. This offer includes access to the pools, cardio center, locker rooms, weight training center, sundeck and the many classes offered.
Diplomats are permitted to purchase upon waiver of Diplomatic Immunity and live-work scenarios.
Whether as your next home or investment, this inviting residence offers a perfect blend of light, space, and location.
Please note there is an assessment until February 28, 2027 of $59.65.
Some photos have been virtually staged or digitally altered to show the possibility of this residence.
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(
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)
[DaysOnMarket] =>
[ID] => 1772844
)
[4] => Realtyna\MlsOnTheFly\Components\CloudPost\SubComponents\RFClient\SDK\RF\Entities\RFProperty Object
(
[post_id] => 1774604
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[PublicRemarks] => <p>Residence 3C at 279 Sterling Place offers a truly distinctive opportunity to own a former classroom thoughtfully transformed into a sun-drenched duplex studio within one of Prospect Heights' most architecturally significant cooperative buildings. Originally constructed in 1895 as Public School 9 Annex and masterfully designed by renowned Brooklyn architect James W. Naughton in the Romanesque Revival style, this landmarked structure-listed on the National Register of Historic Places-was converted to a residential co-op in 1989, preserving its extraordinary scale, craftsmanship, and historic soul. Once a space of learning and imagination, Residence 3C now embodies the romance of adaptive reuse, where soaring ceilings and oversized windows-true to its original classroom proportions-flood the open living and dining area with natural light, creating a sense of volume and airiness rarely found in studio living. The thoughtfully designed duplex layout maximizes vertical space, with a lofted sleeping area perched above the main living level, offering both architectural interest and functional separation. Hardwood flooring runs throughout, grounding the dramatic ceiling heights with warmth and texture, while a separate kitchen provides practical delineation without compromising the loft-like flow. A full bath completes the home, and the overall configuration delivers flexibility, efficiency, and character in equal measure. P.S. 9 Annex itself is a meticulously maintained elevator cooperative featuring a beautifully landscaped common courtyard, a striking facade of brick, sandstone, and terra cotta with neo-classical detailing, and an undeniable presence at the corner of Sterling Place and Vanderbilt Avenue. Positioned just moments from Grand Army Plaza, Prospect Park, the Brooklyn Botanic Garden, the Brooklyn Museum, and the Brooklyn Public Library, and surrounded by the vibrant dining and boutique corridors of Vanderbilt, Washington, and Flatbush Avenues, this location places you at the cultural and recreational heart of Brooklyn, with seamless access to the 2, 3, B, and Q subway lines. Pets are permitted upon approval. Residence 3C is more than a studio-it is the opportunity to live within a piece of Brooklyn history, where grand architecture, natural light, and neighborhood vitality converge to create a home that feels both inspiring and deeply rooted in place. Photos are virtually staged. </p>
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