Fabulous, Flexible Free-Market Townhouse on Riverside Park Block Multiple Expansion Opportunities

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Fabulous, Flexible Free-Market Townhouse on Riverside Park Block Multiple Expansion Opportunities
Fabulous, Flexible Free-Market Townhouse on Riverside Park Block
                             Multiple Expansion Opportunities
                                                                3 3 0 We s t 8 8 t h S t r e e t
                                                Between West End Avenue and Riverside Drive
                                                                 18’ x 100.67’, Built 71’ Deep

                                THE TOWNHOUSE EXPERTS, LLC LICENSED REAL ESTATE BROKER
          251 WEST 72nd STREET · UNIT 2F · NY, NY 10023 · Phone 212.769.9600 · TownhouseExperts.com
© 2021 The Townhouse Experts, LLC. All material presented herein is intended for information purposes only. While, this information is believed to be correct, it is represented subject to
errors, omissions, changes or withdrawal without notice. All property information, including, but not limited to square footage, room count, number of bedrooms and the school district in
                                     property listings should be verified by your own attorney, architect or zoning expert. Equal Housing Opportunity.
Fabulous, Flexible Free-Market Townhouse on Riverside Park Block Multiple Expansion Opportunities
Fabulous, Flexible Free-Market Townhouse on Riverside Park Block
                             Multiple Expansion Opportunities
                                                                3 3 0 We s t 8 8 t h S t r e e t
                                                Between West End Avenue and Riverside Drive
                                                                 18’ x 100.67’, Built 71’ Deep

                                THE TOWNHOUSE EXPERTS, LLC LICENSED REAL ESTATE BROKER
          251 WEST 72nd STREET · UNIT 2F · NY, NY 10023 · Phone 212.769.9600 · TownhouseExperts.com
© 2021 The Townhouse Experts, LLC. All material presented herein is intended for information purposes only. While, this information is believed to be correct, it is represented subject to
errors, omissions, changes or withdrawal without notice. All property information, including, but not limited to square footage, room count, number of bedrooms and the school district in
                                     property listings should be verified by your own attorney, architect or zoning expert. Equal Housing Opportunity.
Fabulous, Flexible Free-Market Townhouse on Riverside Park Block Multiple Expansion Opportunities
Fabulous, Flexible Free-Market Townhouse on Riverside Park Block
                              Multiple Expansion Opportunities
                                                                 3 3 0 We s t 8 8 t h S t r e e t
                                                 Between West End Avenue and Riverside Drive
                                                                  18’ x 100.67’, Built 71’ Deep

                                                                           DESCRIPTION

In the midst of a favorite Riverside Park block lies a handsome, sun-soaked townhouse brimming with
opportunity. Boasting 18 feet of width and 4.5 existing stories, it is a steadfast multi-family home with
room to grow both out and up.

The building is currently configured as 8 free-market units including a parlour level floor-through, third
floor studio loft with terrace, and penthouse studio with enormous private roof deck. There is also a
spacious rear garden with views of open sky thanks to the surrounding low townhouses. With 4 vacant and
4 occupied units, this building is a perfect candidate for live-with-income buyers. It is also noteworthy that
the 4 existing tenants have 60-day vacate clauses in their lease, so potential buyers can also have a vacant
building if they desire.

Garden Floor
The garden floor hosts two duplex apartments that are accessible via an independent entrance under the
front stoop. Each apartment is configured as a traditional studio with a bonus room below. The rear unit
has private access to the townhouse’s South-facing garden.

Parlour Floor
Just off the vestibule and main hallway is the entrance to a wonderful, floor-through apartment. The front
of the parlour floor serves as a living space complete with two large windows and fireplace. Pocket doors
open to an eat-in-kitchen. The rear of the floor contains a huge bedroom that overlooks the garden and has
a fireplace, separate dressing area, and ensuite bath. It is an ideal owner’s unit.

Third Floor
The second floor contains two extra-large studio apartments with fireplaces. The front studio has a
delightful bow window and restored original woodwork. The rear apartment boasts exposed brick and a
tremendous walk-in closet.

                                 THE TOWNHOUSE EXPERTS, LLC LICENSED REAL ESTATE BROKER
           251 WEST 72nd STREET · UNIT 2F · NY, NY 10023 · Phone 212.769.9600 · TownhouseExperts.com
 © 2021 The Townhouse Experts, LLC. All material presented herein is intended for information purposes only. While, this information is believed to be correct, it is represented subject to
 errors, omissions, changes or withdrawal without notice. All property information, including, but not limited to square footage, room count, number of bedrooms and the school district in
                                      property listings should be verified by your own attorney, architect or zoning expert. Equal Housing Opportunity.
Fabulous, Flexible Free-Market Townhouse on Riverside Park Block Multiple Expansion Opportunities
Fabulous, Flexible Free-Market Townhouse on Riverside Park Block
                              Multiple Expansion Opportunities
                                                                 3 3 0 We s t 8 8 t h S t r e e t
                                                 Between West End Avenue and Riverside Drive
                                                                  18’ x 100.67’, Built 71’ Deep

Fourth Floor
A studio apartment is situated at the front of the third floor. Highlights include two large windows,
fireplace, and an efficiency kitchen. The rear of the floor is a spacious studio with a sleep loft and access to
a private terrace.

Fifth Floor
The fourth floor is occupied by a studio apartment and expansive roof deck.

Cellar
The cellar contains the recreation/bonus rooms for both the garden front and rear duplex apartments. The
center of the floor accommodates the mechanicals for the townhouse

                                                                              R E N T RO L L

     Unit                           Bedrooms                              Status                                Current Rent                          Lease Expiration
     GF                             1/Duplex                              Free Market                           $2,475 Last Rent                      Vacant
     GR                             1/Garden Duplex                       Free Market                           $3,550 Last Rent                      Vacant
     PF                             I Bed Fl Though                       Free Market                           $3,100                                8/31/21
     2F                             Studio                                Free Market                           $1,975                                Vacant
     2R                             Studio                                Free Market                           $2,100 Last Rent                      Vacant
     3F                             Studio                                Free Market                           $2,335 Last Rent                      Vacant
     3R                             1 Bed Loft                            Free Market                           $2,450                                6/30/21
     PH                             Studio                                Free Market                           $2,350                                6/30/21
                                                                          Monthly:                              $20,335
                                                                          Annually:                             $244,020

                                 THE TOWNHOUSE EXPERTS, LLC LICENSED REAL ESTATE BROKER
           251 WEST 72nd STREET · UNIT 2F · NY, NY 10023 · Phone 212.769.9600 · TownhouseExperts.com
 © 2021 The Townhouse Experts, LLC. All material presented herein is intended for information purposes only. While, this information is believed to be correct, it is represented subject to
 errors, omissions, changes or withdrawal without notice. All property information, including, but not limited to square footage, room count, number of bedrooms and the school district in
                                      property listings should be verified by your own attorney, architect or zoning expert. Equal Housing Opportunity.
Fabulous, Flexible Free-Market Townhouse on Riverside Park Block
                             Multiple Expansion Opportunities
                                                                3 3 0 We s t 8 8 t h S t r e e t
                                                Between West End Avenue and Riverside Drive
                                                                 18’ x 100.67’, Built 71’ Deep
                                                               E S T I M AT E D E X P E N S E S

                                                  Real Estate Taxes (2021)                          $48,026
                                                               Heating Oil                          $5,159.26
                                                                 Insurance                          $6,823.07
                                                                  Electric                          $766.26
                                                                     Super                           $2,100
                                                           Water & Sewer                             $2,501.47
                                                                     Total                           $65,376.06

                                                A D D I T I O NA L I N F O R M AT I O N
                                                             Year Built 1900
                                                      Historic District Riverside-West End
                                                               Zoning R8
                                                                  FAR 2.66
                                              Maximum Allowable FAR 6.02
                                                              Tax Class 2B
                                           Approximate Square Footage 4,900

                                                                            Price: $4,425,000

                                                                                    Contact:
                                                                   The Vandenberg Team
                                                             Inquiries@TownhouseExperts.com
                                                                      (212)769-2900

                                THE TOWNHOUSE EXPERTS, LLC LICENSED REAL ESTATE BROKER
          251 WEST 72nd STREET · UNIT 2F · NY, NY 10023 · Phone 212.769.9600 · TownhouseExperts.com
© 2021 The Townhouse Experts, LLC. All material presented herein is intended for information purposes only. While, this information is believed to be correct, it is represented subject to
errors, omissions, changes or withdrawal without notice. All property information, including, but not limited to square footage, room count, number of bedrooms and the school district in
                                     property listings should be verified by your own attorney, architect or zoning expert. Equal Housing Opportunity.
Fabulous, Flexible Free-Market Townhouse on Riverside Park Block
                             Multiple Expansion Opportunities
                                                                3 3 0 We s t 8 8 t h S t r e e t
                                                Between West End Avenue and Riverside Drive
                                                                 18’ x 100.67’, Built 71’ Deep

                                THE TOWNHOUSE EXPERTS, LLC LICENSED REAL ESTATE BROKER
          251 WEST 72nd STREET · UNIT 2F · NY, NY 10023 · Phone 212.769.9600 · TownhouseExperts.com
© 2021 The Townhouse Experts, LLC. All material presented herein is intended for information purposes only. While, this information is believed to be correct, it is represented subject to
errors, omissions, changes or withdrawal without notice. All property information, including, but not limited to square footage, room count, number of bedrooms and the school district in
                                     property listings should be verified by your own attorney, architect or zoning expert. Equal Housing Opportunity.
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