8 Bed 9 Bath Multi-family For Sale $7,900,000 6,868 sqft ($1,150 per sqft)
Broker: Ivana Kovacevic Corcoran
Situated on a premier Central Park block, this 21 FT WIDE, 5-story townhouse configured as 5 FREE MARKET units of various sizes, including owner's dup
...read moreSituated on a premier Central Park block, this 21 FT WIDE, 5-story townhouse configured as 5 FREE MARKET units of various sizes, including owner's duplex with separate entrance, is an ideal property for an investor, 1031 exchange, or an owner/user looking to offset expenses with income. The current configuration also allows for easy conversion into a single-family home.
This historic building has a decorative façade restored to Landmark specifications in 2011, ironworks, curved windows, leaded glass, two entrances, and a large front stoop. Features throughout are high ceilings, original details, exposed brick walls, decorative fireplaces, and hardwood floors. All residential units have renovated kitchens and bathrooms, and all but the top floor studio have in-unit W/D. The hallways are carpeted with lots of vintage woodwork and moldings. Large backyard and deck belong to the first floor duplex, and a private terrace above the extension belongs to the fourth floor duplex apartment.
All mechanicals, furnace, laundry, and a large storeroom are located in an open, 9ft. ceiling basement space, vacant from the front to the back of the building. A new heating plant was installed in 2015. The fuel is oil with steam radiator heat throughout the house. Window air conditioners or room units are used for cooling. The building's fire sprinkler system is tested quarterly, with smoke/carbon monoxide detectors installed in each apartment. All apartments are metered and cabled separately. Video cameras installed in the entrance and hallway, and voice intercome in every apartment. Of particular note, is a fire hydrant out front that allows for easy access to the entrance of the building.
Excellent shopping (e.g. Trader Joes, Whole Foods, Starbucks), restaurants, banks, and transportation hubs are all within a few blocks radius. Subway entrance to the B and C lines is at the end of the block. West 86th Street station has been newly renovated.
