'Versailles' on the Upper East Side hits the market as a $55M townhouse with rental income | 6sqft (2024)

By Dana Schulz

February 25, 2020

'Versailles' on the Upper East Side hits the market as a $55M townhouse with rental income | 6sqft (1)

Photo credit: OLR andRARE Photography for Silvette Julian, Compass

We bet your home doesn’t have24-carat gilded gold moldings… butif you feel like upgrading to such a regal residence, this $55 million Upper East Side townhouse is just the ticket. Located at 10 East 62nd Street, just off Central Park, the landmarked Beaux-Arts building is currently configured as a triplex, two duplexes, and a common penthouse, all of which are currently being rented out. The triplex has been on and off the rental market for years, going for as much as $60,000 a month. In addition to the gold details, it’s dripping with marble, hand-painted murals, and wrought-iron staircases.

'Versailles' on the Upper East Side hits the market as a $55M townhouse with rental income | 6sqft (2)

The townhouse was built in 1910 byarchitects Hoppin, Koen & Huntington forEdmund Lincoln Baylies, a social leader and real estate lawyer who counted among his clientsCornelius Vanderbilt. In later years it became the esteemed Fleming School for girls. Today, the six-story home is three unitswith a total of 22 rooms. There is a large elevator.

'Versailles' on the Upper East Side hits the market as a $55M townhouse with rental income | 6sqft (3)

'Versailles' on the Upper East Side hits the market as a $55M townhouse with rental income | 6sqft (4)

'Versailles' on the Upper East Side hits the market as a $55M townhouse with rental income | 6sqft (5)

Thetriplex takes up thegarden level, first floor, and second floor. There are two bedrooms, a home office, and a kitchen on the garden level, as well as the outdoor garden space. A larger kitchen, dining room, and living room are on the floor above, while the master suite and grand living room are on the second floor.

'Versailles' on the Upper East Side hits the market as a $55M townhouse with rental income | 6sqft (6)

'Versailles' on the Upper East Side hits the market as a $55M townhouse with rental income | 6sqft (7)

'Versailles' on the Upper East Side hits the market as a $55M townhouse with rental income | 6sqft (8)

This unit has definitely gotten the most attention over the years as it spans 5,600 square feet and boasts a mirrored living room with floor-to-ceiling windows, hand-painted murals, 24-carat gold paneling and ornamentation, and a marble wood-burning fireplace.

'Versailles' on the Upper East Side hits the market as a $55M townhouse with rental income | 6sqft (9)

'Versailles' on the Upper East Side hits the market as a $55M townhouse with rental income | 6sqft (10)

A three-bedroom duplex is on the third and fourth floors. Another three-bedroom duplex is on the fifth and sixth floors.

'Versailles' on the Upper East Side hits the market as a $55M townhouse with rental income | 6sqft (11)

'Versailles' on the Upper East Side hits the market as a $55M townhouse with rental income | 6sqft (12)

There’s also a penthouse common area with a lounge, kitchenette,balcony, and roof terracewith Central Park views.

'Versailles' on the Upper East Side hits the market as a $55M townhouse with rental income | 6sqft (13)

The townhouse last sold in 1991 for just $4 million.

[Listing: 10 East 62nd Street by Silvette Julian of Compass]

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Photo credit: OLR andRARE Photography for Silvette Julian, Compass

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More: Distinctive Homes

Tags: 10 East 62nd Street, Townhouses

Location: Upper East Side

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FAQs

How many bedrooms does a million dollar house have? ›

The median million-dollar home has a typical square footage of 3,700, along with four bedrooms and four bathrooms.

What is the value of all the real estate in Manhattan? ›

Manhattan's Land Value Is an Incredible $1.74 Trillion - Bloomberg.

Who bought the $500 million dollar house in LA? ›

The buyer of the Bel-Air mega mansion dubbed 'The One' has been revealed to be none other than Fashion Nova CEO Richard Saghian days after the estate sold well below its asking price at auction.

Who owns the biggest house in Los Angeles? ›

Largest houses by floor space
RankSquare footage (Square meterage)Private owner (birthplace)
1120,000 square feet (11,000 m2)Richard Saghian
255,005 square feet (5,110.1 m2)Petra Eccleston
351,000 square feet (4,700 m2)John Brady (Bosnia and Herzegovina)
449,300 square feet (4,580 m2)Anthony Pritzker (United States)
13 more rows

Who owns most property in Manhattan? ›

Columbia University is the largest landowner in New York City by number of addresses by a long shot, owning 209 properties—twice the number owned properties as the next largest private property-holder, NYU, and almost three times the 72 addresses allotted to the New York Public Library, for comparison.

Are NYC rents coming down? ›

New Yorkers will see a calmer rental market in 2024, after inventory shortages led to strong competition for rentals this year. As inventory rises further next year, citywide rent growth will slow, although a sharp drop is unlikely due to still-limited inventory compared to pre-pandemic levels.

How many bedrooms do most mansions have? ›

Having said that, you can usually tell a mansion when you see one. Mansions typically have at least five or six bedrooms, though some can have 10 or more. Undoubtedly, there are some examples of mansions with numerous bedrooms. Nevertheless, even the biggest houses typically have a maximum of 10 bedrooms.

What is the average amount of bedrooms in a mansion? ›

The typical real estate definition of a mansion is a home that offers at least 5,000 square feet of space and at least five to six bedrooms. Mansions typically sit on small acreage (homes set on vast amounts of land are considered estates). Mansions also exude every essence of luxury, elegance and comfort.

How big of a house can you build with 1 million? ›

Where $1 million is big money. In most markets, $1 million will get you a lot of house, but they might not be considered mansion material. We found that in the preponderance of markets (110 out of 375 metro areas), a million-dollar home is somewhere between 3,000 and 4,000 square feet.

How many bedrooms does the most expensive house have? ›

The two-story estate dates all the way back to the 19th century when it was built by English architect James Burton and designed by his son, Decimus Burton, in 1818. The massive spread sits on four acres and comprises 40 bedrooms and an impressive 29,000 square feet of living space.

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