John Rainville - Brokers Realty Group
John Rainville - Brokers Realty Group
306 West 78th Street, New York, NY 10024

Description

Cushman & Wakefield has been retained on an exclusive basis to arrange for the sale of 306 West 78th Street, an elegantly renovated, 8-unit townhouse located on one of the Upper West Side's most tranquil, tree-lined blocks.Situated on the south side of West 78th Street between West End Avenue and Riverside Drive, the character of 306 West 78th Street is dominated by its flexibility and graceful finishes. The property is currently configured with a clean, tastefully modern owner's triplex (currently rented for $18,000 a month) along with 7 additional free-market apartments, all of which are fair market and fully renovated in the same crisp, modern style. All renovations to the property were performed by the owner for his own use with a view of occupying the triplex and holding long term. Accordingly, all capital improvements were completed to the highest standard both stylistically and "behind the walls". All plumbing, electrical wiring, and windows have been upgraded or replaced. The current layout of the triplex was done in a way to allow an easy reconfiguration to two apartments giving a new owner the flexibility to convert to smaller units. Chiefly because of the attractive style and high quality of the finishes, the owner has consistently achieved rents at the high end of the market and has literally not had a vacancy in over 21 years. The property possesses 1,708 SF of excess air-rights which could easily be used to expand the overall square footage. Any plans for us of the excess air-rights would be subject to Landmarks Preservation Commission approval as the property lies in the West End - Collegiate historic district. 306 West 78th Street will appeal to a wide range of investors and owner/users interested in acquiring a turn-key, immaculately renovated townhouse with strong and consistent income.

Details

MLS#10288040
StyleTown House
Sub-TypeResale
StatusActive
Year0
Days On Site509

Features

Bed(s)10
Bath(s) 10 Full, 1 Half
Story(s)5

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Area Information

StateNY
CityNew York
Zip Code10024
School DistrictNew York City School
Listing VS Median (in 10024)
Price:
$7,795,000
low | high
Med:
$10,809
100% of Average
On Site:
509
low | high
Med:
34
100% of Average
Listing Updated: 12/18/2018
MLS Number: 10288040
Listing Provided By:
Leslie J. Garfield Real Estate  of  Leslie J. Garfield and Company