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Author: oliviaguerrieri

268 West 73rd Street

268 West 73rd Street

$3,550,000
For Sale
Floors 5

Create 3,000 Sq. Ft. Owner’s Triplex with Roof Garden

Projected Rental Income Will Cover a $3M Mortgage

Printable Feature Sheet Printable Floor Plans

Bring your contractor! Seize an ideal live-with-ROBUST-income opportunity in a desirable UWS location near Lincoln Center. This townhouse is eighteen feet wide with five stories, a full cellar, and South-facing garden. You’ll also appreciate the high ceilings, spacious rooms, and floor-to-ceiling windows.

This property has a tremendous upside compared to buying a condo. The potential financial breakdown is as follows:

  • $3,995,000 (purchase price) + $1,500,000 (estimated renovation costs) = $5,495,000
  • You’ll need $2,495,000 cash plus $3,000,000 mortgage
  • The projected monthly income of $14,000 (see next page) will pay for a $3M mortgage (based on a 30-year amortized mortgage at 3.7%)
  • Additional estimated net expenses listed below are less than $6,000 per month. After interest charges and other tax deductions, the net cost to the owner will be much less than this.

Compared to paying $15,000 per month for a similar 3,000 sq. ft. roof garden rental, 268 West 73rd Street is an amazing opportunity. Invest in your real estate future today.

Price: $3,550,000

Contact:

The Vandenberg Team
Email
Call : (212) 769-2900

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