$1,698,000

EXCLUSIVE LISTING OF TERRACE SOTHEBY'S INTERNATIONAL REALTY Set in the coveted enclave of Forest Hills Gardens, this gracious two-family townhouse presents a rare opportunity to own a beautifully refreshed residence with exceptional flexibility, income potential, and enduring neighborhood Tudor appeal. Thoughtfully prepared for market, the property has been comprehensively refreshed, including fresh interior painting, lead paint abatement, professional cleaning, and newly recaulked bathrooms. A new chimney liner further enhances the property, offering a significant recent capital improvement. The residence will be delivered vacant, allowing for immediate occupancy and rental ability. The home comprises two well-proportioned residences, each offering its own distinctive character and versatility. The Lower Triplex unfolds across three levels and features a welcoming kitchen and dining area, three bedrooms, a full bathroom, laundry, and direct access to an enclosed two-car garage. A newly constructed elevated rear deck extends the living space outdoors, creating an inviting setting for entertaining or quiet enjoyment. There is also potential to add a half bathroom on the first floor in the walk-in closet. The unit is estimated to generate approximately $66,000 in annual rental income. The Upper Unit with Loft offers an airy, open-concept living environment, complemented by a bedroom with soaring vaulted ceilings and skylights that bring an abundance of natural light into the space. A versatile loft level provides additional room for a home office, guest accommodations, creative studio, or extended living space. Estimated annual rental income of approximately $40,000 provides meaningful income potential and is projected to more than cover the property's carrying costs. The location places residents at the intersection of neighborhood tranquility and effortless access to Manhattan. Just minutes from acclaimed schools, local shopping, and public transportation, the property offers convenient access to the LIRR from Station Square and Kew Gardens, as well as the MTA's E and F express subway lines and surface transportation to Midtown Manhattan. The extensive trails, paths, parks, and playgrounds of Forest Park are also close at hand. Forest Hills Gardens is celebrated for its distinctive sense of place, where gracious architecture, mature landscaping, private parks, and tree-lined streets create an atmosphere of rare serenity within New York City. The neighborhood's recreational amenities, schools, and the renowned West Side Tennis Club further enhance its appeal. Whether envisioned as a primary residence complemented by rental income, a multigenerational home, or an investment property, this exceptional townhouse offers an uncommon combination of space, flexibility, income potential, and location—an opportunity to experience the timeless character of Forest Hills Gardens while remaining seamlessly connected to the energy and convenience of New York City.