It’s good to have options. Take this former “Guiding Light” actress‘s 4,000 square-foot early Greek revival townhouse on James Phelan Row, for instance. It can either be delivered to you as three separate apartments with a potential rental income of $20,000 per month, or you can convert it into one giant dream home. Either way you’ve got three large outdoor spaces waiting for you during the warmer months, and eight wood-burning fireplaces ready to warm you during New York’s fierce winters. And all these options can be right at your feet for $9.5 million.