Best Park Block Townhouse
Bring your Contractors!
This handsome five-story townhouse is located on one of the most desirable blocks on the Upper West Side. Central Park is only a few steps away. This lovely park block is treelined and almost completely townhouse-flanked. Currently configured as ten rental units, this townhouse needs only your creative touch to transform it into your ideal single-family mansion in an unbeatable location.
Nine of the ten units are free market with leases expiring in the next twelve months. Charming features such as exposed brick, decorative fireplaces with original wood-carved mantels, and bright natural light from the box front windows add value to these units. Should you choose to return this townhouse to its former glory as a single-family mansion, these details, including an original entryway mirror and an original wood-carved banister, could be easily restored to highlight the historic character of this building. The only rentprotected tenant is ideally located in a one-bedroom in the street-level front, so this would not interfere with your central stairs or construction if the tenant is not relocated. Most of the units are studios and one-bedrooms, but the top floor boasts a three bedroom, two bath duplex with two terraces – a perfect future guest apartment. While a single-family home would be ideal, you could also opt to create an owner’s garden triplex. This solution would provide a spacious home plus approximately $148,000 of income from the fourth and fifth floors.
The special quality of this house comes from its perfect location. Real Estate values are defined by location, location, location and West 76th Street is adorned by some of the most gorgeous townhouses in Manhattan. It is also surrounded by the innumerable attractions of the Upper West Side. The Museum of Natural History is only one block to the north; Lincoln Center and the Metropolitan Opera are an easy walk south. The dining and shopping of Columbus Avenue are less than a block away, balanced by the peace of Central Park. No matter what you desire, the best the city has to offer will be at your doorstep.