Description
The possibilities are endless at 64 West 85th Street. Based on current income and expenses, the asking price reflects an approximate 3% cap rate with approximately $293,000.00 in Net Operating Income. The price per square foot for the total interior square footage is approximately $1,200, allowing a buyer many options for the property. It is possible to convert the property to an Owners duplex with six rental apartments, an Owners triplex with four rental apartments, or an Owners quadraplex with two rental apartments for income to help offset the property expenses. The property also comes with proposed plans to convert to an expansive and luxurious single-family townhouse. There is an option to finish the rooftop as a terrace, or, in a single-family conversion, an option with a rooftop pop-up addition that would open to a finished rooftop terrace. The upside, in addition to owning a townhouse half of a block from the entrance to Central Park on the historical Upper West Side of Manhattan, is the many options available to purchaser for this pristine well-maintained property at a Great location.
Building Features 5 Floors10 Units
Unit Features
$8,800,000 / $1,303 per ft²
Last Asking: Jan 11, 2021
10 Beds / 10 Baths - / 6,751 ft²
Total Monthly expenses: $6,214
Maintenance: - / R.E. Taxes $6,214
Other Details:
-
Lot Size: 19.0' x 102.17' Built: 19.0' x 68.0'
Zoning: -
Exclusively listed with: Garfield, Leslie J. & Co., Inc.
Rick
Pretsfelder
rdp@lesliegarfield.com
(212) 574-6965
Sophie
Smadbeck
ss@lesliegarfield.com
(212) 371-8200
Unit listing history
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