Central Park West Block 19-Footer Priced to Sell
Ideal Addition to a Real Estate Portfolio
Possibilities abound in this classic Renaissance Revival townhouse. Located steps from Central Park on the best block, 64 West 85th Street contains 10 rental units, 9 of which are free market. It is an ideal property for anyone who is looking for a live-with-income opportunity or a solid investment with a robust rent roll.
Each sunny unit is nicely finished and move-in ready with renovated kitchens and baths. There is great ceiling height throughout, and some units also feature lovely details such as exposed brick and original hearths and mantelpieces. Move over, both of the garden level units have additional living space as they duplex down to the lower level via spiral staircases. The townhouse also boasts a beautiful rear garden and roof terrace off the unit in the fifth-floor rear. Each of these outdoor spaces will be in high demand given the current status of the pandemic.
For those looking to enhance the approximately 7,200 square feet of living space, it is possible to convert the property to an owner’s duplex with six rental units, an owner’s triplex with four rental units, or an owner’s quadraplex with two rental units 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.
When it comes to Upper West Side townhouses, 64 West 85th Street is a must-see for any buyer. It’s an unbeatable location and priced to sell.
* Note: Some images have been virtually staged.