the waterfall mansion 170 east 80th street, new … › d2 › lqgvqd7h3bnegzutoloj-4...1031...

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EXCLUSIVE LISTING BROKER – C.J. GUINNESS, ST. JAMES PARTNERS LLC For Inquiries: Email [email protected]; Mobile (703) 966-2882 1 The Waterfall Mansion 170 East 80th Street, New York, NY Asking Price $35,000,000 The iconic Waterfall Mansion is a 13,000 square foot modern LEED certified complex, complete with ADA elevator, offices, residence, hospitality and outdoor space. The property is ideally suited as an elegant family office headquarters, sovereign wealth fund offices or ambassadorial residence. The Mansion is offered with the option to retain the existing triple-net lease cash flow in place (NOI $1,000,000) from a contemporary art gallery and luxury hospitality tenant, or it may be delivered vacant upon closing. § 13,000sf Total Floor Area § 9 Modern Offices or Bedrooms § 2,300sf Private Art Gallery § 2,300sf Lounge & Spa § 2,000sf Roof Garden & Terrace § 8.5 Baths § 7 Stories § Commercial ADA Elevator § 1031 Exchange opportunity § Family Office Headquarters § Ambassadorial Residence § Art Collector’s Private Gallery § Luxury Event Space § Bitcoin (BTC) transactions accepted § Low Property Taxes

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Page 1: The Waterfall Mansion 170 East 80th Street, New … › d2 › lqGVqd7h3BnEgzuTOLOj-4...1031 Exchange opportunity13,000sf Total Floor Area Family Office Headquarters9 Modern Offices

EXCLUSIVELISTINGBROKER–C.J.GUINNESS,ST.JAMESPARTNERSLLCForInquiries:[email protected];Mobile(703)966-2882

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The Waterfall Mansion 170 East 80th Street, New York, NY

Asking Price $35,000,000

The iconic Waterfall Mansion is a 13,000 square foot modern LEED certified complex, complete with ADA elevator, offices, residence, hospitality and outdoor space. The property is ideally suited as an elegant family office headquarters, sovereign wealth fund offices or ambassadorial residence. The Mansion is offered with the option to retain the existing triple-net lease cash flow in place (NOI $1,000,000) from a contemporary art gallery and luxury hospitality tenant, or it may be delivered vacant upon closing.

§ 13,000sf Total Floor Area § 9 Modern Offices or Bedrooms § 2,300sf Private Art Gallery § 2,300sf Lounge & Spa § 2,000sf Roof Garden & Terrace § 8.5 Baths § 7 Stories § Commercial ADA Elevator

§ 1031 Exchange opportunity § Family Office Headquarters § Ambassadorial Residence § Art Collector’s Private Gallery § Luxury Event Space § Bitcoin (BTC) transactions accepted § Low Property Taxes

Page 2: The Waterfall Mansion 170 East 80th Street, New … › d2 › lqGVqd7h3BnEgzuTOLOj-4...1031 Exchange opportunity13,000sf Total Floor Area Family Office Headquarters9 Modern Offices

EXCLUSIVELISTINGBROKER–C.J.GUINNESS,ST.JAMESPARTNERSLLCForInquiries:[email protected];Mobile(703)966-2882

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The Waterfall Mansion currently operates as a contemporary art gallery and luxury hospitality venue, serving a diverse range of clients including LVMH, Cartier, Chanel, BlackRock, Bloomberg, and Morgan Stanley, as well as private hedge fund and private family office events at an average event rental rate of $30,000 per day.

Page 3: The Waterfall Mansion 170 East 80th Street, New … › d2 › lqGVqd7h3BnEgzuTOLOj-4...1031 Exchange opportunity13,000sf Total Floor Area Family Office Headquarters9 Modern Offices

EXCLUSIVELISTINGBROKER–C.J.GUINNESS,ST.JAMESPARTNERSLLCForInquiries:[email protected];Mobile(703)966-2882

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The Waterfall Mansion is the result of a multi-year creative collaboration by renowned architect Toshiko Mori and designer Kate Shin, to transform an 1899 carriage house into a modern, breathtaking oasis – filled with unrivaled amenities, elegant living space that harmoniously integrates the elements of light, air and water, and advanced eco-friendly features behind a historic stone façade meticulously restored to its original grandeur. The five floor, 13,000sf complex includes 9 modern offices or bedrooms, eight and a half bathrooms, a 2,300sf private gallery space on the first floor with an indoor 22 foot high by 20 foot wide waterfall surrounded by a sculpture garden, 2,000sf of outdoor garden spaces, a 2,300sf lounge with a 1,000 bottle wine cellar, a spa with a massage room, sauna, jacuzzi, and a exercise room. The mansion is the first of its kind in America over 10,000sf with the LEED green certification, yielding 50% greater energy efficiency. This is the perfect 1031-Exchange opportunity for the discerning investor, including family offices and serious art collectors – every detail of the building was designed for use as high-end offices, world-class hospitality, and private art gallery space.

Page 4: The Waterfall Mansion 170 East 80th Street, New … › d2 › lqGVqd7h3BnEgzuTOLOj-4...1031 Exchange opportunity13,000sf Total Floor Area Family Office Headquarters9 Modern Offices

EXCLUSIVELISTINGBROKER–C.J.GUINNESS,ST.JAMESPARTNERSLLCForInquiries:[email protected];Mobile(703)966-2882

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1st Floor: Art Gallery / Sculpture Garden & Hospitality Space

The first floor gallery and hospitality space is adorned with imported limestone, has reinforced walls and premium Kugler Ning designed lighting. An elegant and tasteful custom-designed 23' x 20' indoor waterfall cascades softly into a reflecting pool that's surrounded by a sculpture garden, while the dramatic double height allows the waterfall's soothing sounds to travel throughout the space. Two 22' high custom German windows and a 20' wide skylight allow natural light to pour in.

Page 5: The Waterfall Mansion 170 East 80th Street, New … › d2 › lqGVqd7h3BnEgzuTOLOj-4...1031 Exchange opportunity13,000sf Total Floor Area Family Office Headquarters9 Modern Offices

EXCLUSIVELISTINGBROKER–C.J.GUINNESS,ST.JAMESPARTNERSLLCForInquiries:[email protected];Mobile(703)966-2882

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2nd Floor: Grand Entertaining Lounge, Kitchen & Dining Room The magnificent entertaining space is highlighted by a 50' light well rising through the center to draw in daylight and enhance ventilation, and a projector that allows you to watch movies on the waterfall. The top-of-the-line commercial-grade kitchen with lacquered quarter-sawn walnut cabinets and flooring, Black and White Labbis slate counters, Inca grey natural stone backsplash, professional Thermador gas range, dual ASKO dishwashers and a Uline wine refrigerator serve the most discerning chefs.

3rd Floor: 1st Master Office Suite with Terrace Green & Grand Room Start and end the day in your chic private master suite / office lounge suite that's tucked quietly on its own level, with solid quarter sawn 4" maple hardwood flooring and an entire wall of glass. Step out to the 600-square-foot real grass terrace with an auto-irrigation system – the perfect setting for coffee or cocktails.

4th Floor: 2 Grand Offices or flexible Bedrooms Comfort is found on this versatile 4th floor with two bright and spacious offices or bedrooms with 2 full spa-like marble baths with radiant heat flooring, a convenient laundry room and charming rear brick terrace. The high ceilings allow the opportunity to create an interior duplex. On the 4th and 5th floors, operable windows provide natural light and ventilation.

Page 6: The Waterfall Mansion 170 East 80th Street, New … › d2 › lqGVqd7h3BnEgzuTOLOj-4...1031 Exchange opportunity13,000sf Total Floor Area Family Office Headquarters9 Modern Offices

EXCLUSIVELISTINGBROKER–C.J.GUINNESS,ST.JAMESPARTNERSLLCForInquiries:[email protected];Mobile(703)966-2882

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5th Floor: Additional Master Office Suite / Guest Suite Two Grand Loft Feel Suites You will enjoy solace and privacy on the 5th floor office or residence level with inspiring views, highlighted by 14 foot sloped full height curtain walls in both the north and south-facing rooms. The curtain wall window has 4 motorized windows for optimal light and ventilation. Two sleek spa-like baths decked in marble, with the finest fixtures and radiant heat floors, complete this top-floor office or living level.

Roof Garden with Outdoor Deck and Sculpture The planted roof garden enjoys a wooden deck for lounging, tastefully designed lighting and approximately 1,000 square feet of LiveRoof “extensive” green roof modules is an outdoor lover's dream, and an ideal spot for reading, relaxing, and entertaining clients.

Page 7: The Waterfall Mansion 170 East 80th Street, New … › d2 › lqGVqd7h3BnEgzuTOLOj-4...1031 Exchange opportunity13,000sf Total Floor Area Family Office Headquarters9 Modern Offices

EXCLUSIVELISTINGBROKER–C.J.GUINNESS,ST.JAMESPARTNERSLLCForInquiries:[email protected];Mobile(703)966-2882

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2,300 sf Basement Lounge & Spa, 1,000 Bottle Wine Cellar and Tasting Bar A gorgeous 2,300-square-foot spa with a Jacuzzi, Finland sauna with cedar walls, a gym and massage room. The lounge also has a custom wine tasting bar and a 1,000-bottle wine cellar.

Stunning Natural Light The modern Waterfall Mansion contains more than 40 custom German windows and skylights that illuminate the space all day, with a 50-foot light well that rises through the mansion’s center bringing additional daylight and improving natural ventilation. 580-fixture custom lighting system The mansion has a 580-fixture custom lighting system gracing the entire home, which is designed to instill a serene and peaceful environment for guests. Commercial-Grade Elevator An ADA-Compliant commercial-grade elevator runs from the lower level to 5th floor. Low Property Taxes 2018 Property Tax $76,000 ($6,333 per month)