Experience New York City History
The William and Rosamond Clark House is Now for Sale
Discover the timeless charm of this 1825 Landmark property – a rare and iconic residence in the heart of Manhattan. This remarkable property blends architectural grandeur with rich history and endless modern potential, offering a once-in-a-lifetime opportunity for discerning buyers.
Two Bridges Historic
5-Story Townhouse
For Sale with
Multiple Repositioning Opportunities
Approximately 684 square feet of air rights, potentially developable at the rooftop level or as an extension on the garden level.
The building enjoys a 1,040 SF courtyard and an additional lower-level basement providing abundant storage space.
Built in 1825, located between Madison and Monroe Streets in the heart of the Two Bridges neighborhood. Situated in a R7-2 zoning district. The building spans 7,675 SF across 5 single family apartments, one on each floor.
AIR RIGHTS
Approximately 684 SF of air rights that appear to be developable on the rooftop level or for general sale to a qualifying property.
Two Bridges, a lively neighborhood overlooking the East River, with recent signs of devolpment as shown by new restaurants and winebars, such as a tapas and cocktail bar steps away. One block away at 59 Henry Street, a 19-story mixed- use building , 227-foot-tall structure topped out in the spring which will span nearly 98,000 square feet and yield 80 rental units.
51 Market is at the intersection of Market & Monroe Streets in a bustling Manhattan neighborhood nestled between the Lower Eastside, Chinatown, South Street Seaport and the Civic Center of Manhattan.
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Historic Entry – Features one of the few remaining Federal Period front entry doorways in the city.
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Restoration in Progress – Façade and cornice restoration already underway by current ownership.
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Expanded in 1905 – Originally built in 1824-5 as a 3-story home, with top floors and rear extension added in 1905.
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Historic Restoration Potential – Ideal for transforming into a stunning single-family home, reviving its 19th-century charm.
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Qualified Census Tract (QCT) – Eligible for up to 50% in federal and state historic tax credits on rehabilitation expenses.
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Significant Savings – Potential to save up to $2.5 million on renovation costs.
Air rights, Layouts and Renderings
Photo Gallery:
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100% Free Market Property – Fully vacant and ready for development.
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Soaring Ceilings – 12'4" ceiling height on the parlor level enhances space and design potential.
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Conversion Opportunity – Create elegant full floor apartments for a single family townhouse.
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Air Rights Utilization – Add a rooftop studio and private roof deck to elevate penthouse value.
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Value-Add Opportunity – Maximize returns through strategic renovations and expansion.
Prime Investment Opportunity – Fully Vacant Property in Developing Neighborhood
A historic townhouse with possible multifamily conversions
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Historic Roots – Located near 1 Cherry Street, where George Washington lived as president during NYC’s time as the U.S. capital.
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Prestigious Past – Once home to successful merchants and wealthy families.
Two Bridges: A Historic and Evolving Eastside Neighborhood
With the addition of a jacuzzi and fire pits, this area could become a perfect setting for relaxation and entertainment, enhancing the overall outdoor experience.
The building currently features a 1,040 SF garden, offering a versatile outdoor space that can be transformed into a social or private retreat.
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Federal Period Architecture – One of the most intact examples of Federal Period domestic architecture in NYC.
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Original Features – Includes multiple wood-burning fireplaces, antique pocket doors, and preserved crown moldings.
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Distinctive Details – Parlor-level fireplace with cast iron mantel, Ionic pilasters, and marble panels.
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Rare Opportunity – Create or restore a unique piece of history in a developing neighborhood.
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Landmarked Property – Designated NYC landmark (1965) and added to the National Register of Historic Places (1977).
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Rare Offering – First time on the market as a full building in 80 years.
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Cultural Evolution – Transitioned from European immigration in the 1800s to an extension of the Lower East Side, later influenced by Chinatown's growth in the 1980s.
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Rising Opportunity – With redevelopment in the Financial District and Seaport, Two Bridges is at a turning point, offering strong investment potential for forward-thinking investors.
VIEW FROM THE ROOFTOP
