Undisclosed, New York, NY 10024

85th Street is one of the rarest assets in Manhattan: a vacant, single-family Renaissance Revival townhouse on a Central Park West block, offered with full development plans for a 7,000+ SF expansion already drawn. Designed in 1897 by George Frederick Pelham - one of the most prolific townhouse architects of the era - the home retains the period details that cannot be replicated: original woodwork, fireplaces, pocket doors, stained glass, bay windows, and a hand-painted parlour ceiling.

The buyer steps into a turnkey vision. Preliminary architectural plans by Second Floor Studios - a 6,948 SF expansion with cellar lap pool, sauna, wine vault, six bedrooms, multiple terraces, and a roof garden - are included with the offering. Hard construction is bid at $5.2M, soft costs at $780K. The work has been done. The buyer chooses to execute the plans as-drawn, modify them to taste, or commission their own architect.

The comparable directly next door, 30 West 85th Street, sold post-renovation for $18.3M. 48 West 85th Street - same block, same configuration, fully renovated - is currently listed at $21.75M ($2,719/SF). The opportunity at 32 West 85th is to acquire the canvas and finish the work at a basis substantially below market.