Great Opportunity to purchase a renovated apartment building with air rights perfect for future multi unit boutique condo conversion. Located in NYC’s highly desirable Upper West Side this five (5) story townhouse located between West End Avenue & Riverside Drive is currently configured as 10 free market rental units with all new building systems to include gas, electric and self contained heating and cooling units. Currently two (2) units per floor with ceiling heights ranging from 10 to 13 feet all fitted with stainless steel appliances in updated kitchens and good size modern bathrooms. Apt. 1R is a spacious convertible two bedroom with an oversized private backyard. Various one and convertible two bedrooms on floors 2-5 and a 5th floor unit with a private outdoor deck. The property lies within the new Riverside-West End Historic District and the approx. 13,319 SF of remaining air rights will be sold with the property. This is a turn-key luxury rental building with cost effective management offering the perfect investment property with tremendous future upside as a multi unit condo conversion.
Prime Upper West Side block close to all shops, restaurants and transportation.
NET OPERATING INCOME : $ 315,000