64 West 85th Street

64 West 85th Street

New York USA
40.7853265 -73.9720638
Glasses Created with Sketch. SPECIFICATIONS
Price
$8,800,000
Plot
19' x 102'
Building
19' x 68'
Build Date
1900
Stories
5
Units
10
Est. SqFt
6,751
Annual Taxes
$74,567
Map Created with Sketch. LOCATION
Between Central Park West and Columbus Avenue
Star Created with Sketch. KEY FEATURES
19'-Wide
Original Details
Prime UWS location
Glasses Created with Sketch. SPECIFICATIONS
Price
$8,800,000
Plot
19' x 102'
Building
19' x 68'
Build Date
1900
Stories
5
Units
10
Est. SqFt
6,751
Annual Taxes
$74,567
Map Created with Sketch. LOCATION
Between Central Park West and Columbus Avenue
Star Created with Sketch. KEY FEATURES
19'-Wide
Original Details
Prime UWS location

64 West 85th Street is a classic 19’-wide Renaissance Revival style townhouse built in 1889 and designed by architect Gilbert A. Schellenger. The property is currently configured as 10 residential units spread across six floors including the lower level, approximately 7,200 square feet, and roughly 1,200 square feet per floor. 6 of the 10 units have been renovated by the current ownership. 9 units are FREE market and 1 unit remains as a rent stabilized unit offering further upside potential.

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.

64 West 85th Street is a classic 19’-wide Renaissance Revival style townhouse built in 1889 and designed by architect Gilbert A. Schellenger. The property is currently configured as 10 residential units spread across six floors including the lower level, approximately 7,200 square feet, and roughly 1,200 square feet per floor. 6 of the 10 units have been renovated by the current ownership. 9 units are FREE market and 1 unit remains as a rent stabilized unit offering further upside potential.

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.