Description

Situated on a premier Central Park block, 43 West 88th Street is a 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 was designed in 1894 by the prestigious New York architects, Neville and Bagge. It 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 that can easily be converted to a gym or playroom. 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 Joe's, 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.
Please note that one of the listing agents is also an owner of the property..
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Building Features 5 Floors5 Units

intercom

Unit Features

Pet Policy: Pets allowed

$6,995,000

$304,000  -  71 days ago

Listed on Oct 09, 2020

290 Days on Market

8 Beds / 9.0 Baths / - ft²

Total Monthly expenses: $8,806

Maintenance: - / R.E. Taxes $8,806

Other Details:

Multi Family (4-6 Family)

Lot Size: 21.0' x 100.67' Built: 21.0' x 72.0'

Zoning: C2-3

Exclusively listed with: The Corcoran Group Source: RLS

Ivana
Kovacevic

ivana.kovacevic@corcoran.com

--

Beth
Sydness

beth.sydness@corcoran.com

--

Listing Courtesy of The Corcoran Group View Listing

Unit listing history

Date Status Amount Listed by Owner Name
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