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    64 W 85TH St , House

    NEW YORK, NY 10024
    • $8,800,000
    • STATUS: Active
    • ON SITE: 483 days
    • MLS #: PRCH-126245
    UPDATED: 7 min ago
    $8,800,000
    • 10
      BEDS
    • N/A
      ACRES
    • 10
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1888
    County:
    Area:

    School Ratings & Info

    Description

    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.

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    This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. © 2020 REBNY Listing Service, Inc. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or RE/MAX Edge. Data last updated: 2020-10-23T16:43:33.383.
    www.remaxedgeny.com/homes/96359961
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    64 W 85TH St , House NEW YORK, NY 10024

    • Price: $8,800,000
    • Status: Active
    • Updated: 7 min ago
    • MLS #: PRCH-126245
    10
    Beds
    10
    Baths
    0
    ½ Baths
    N/A
    Acres
    1888
    Built
    Neighborhood:
    Upper West Side
    County:
    New York
    Area:
    Manhattan
    Property Description
    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.
    Exterior Features

    Balcony No Garage No Garden No Lot Length 102.17 Lot Width 19.00 Roof Deck No Terrace No Unit Balcony No Unit Garden No Unit Terrace No

    Interior Features

    Building Legal Rooms Total 10.00 Laundry No Pet Policy No Pets Pets Allowed No Unit Has Washer Dryer Yes Unit Pet Policy No Pets Unit Pets Allowed No Unit Washer Dryer Allowed Yes

    Property Features

    Bike Storage No Borough Manhattan Building Monthly Tax Amount 6214.00 Building Type Walk-Up Pool No Pre War Yes Storage No Townhouse Class Multi-Family

    Listing information © 2020 REBNY Listing Service, Inc.
    Listing provided courtesy of Garfield, Leslie J. & Co., Inc..


    This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. © 2020 REBNY Listing Service, Inc. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or RE/MAX Edge. Data last updated: 2020-10-23T16:43:33.383.
     
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