306 West 78th Street

Upper West Side   |   West End Avenue & Riverside Drive

Price Drop
Building for sale
$ 5,995,000 [ 13.74% | $ 955,000 ]
Ownership Income Property
Lot Size 18'x102'
Floors/Apts 5/8
Status Active
Real Estate Taxes [Per Annum] $ 74,352
Building Type Townhouse
Building Size 18'x73'
Year Built 1895
ASF/ASM 5,648/525
Listing ID: 62365TH

Property Description

Originally built by the architect J.W. Davison in 1895, 306 West 78th Street is the third in a series of four town homes designed in the Renaissance Revival style. The 18' wide property contains a modern, light, and spacious owner's triplex plus seven additional free-market rental units. Including the finished basement, total interior space exceeds 6,000 square feet. 306 West 78th Street provides endless flexibility and optionality, given the total free market status of the apartments, high rent roll, and 3,000+ s.f. renovated owner's unit with generous outdoor space. It is ideal for conversion to a single-family home, for use by a live-in owner looking to offset expenses with rental income, or for an investment purchaser facing a tax free exchange. There is also enough F.A.R. to add an additional 1,500-1,700 s.f. of interior space. Current ownership has completed extensive and meticulous renovations on the building, including all new pipes, waterproofing the garden, upgraded electrical service, gas boiler with full hot water backup system, all windows replaced, new gas line and gas meter, and a new sprinkler water line, as well as interior cosmetic upgrades, with special attention to detail paid to the owner's triplex. Ideally situated on a picturesque Upper West Side townhouse block with south-facing garden, this historic home is in close to proximity to Riverside Park, coveted schools, transportation, fine shopping and dining, and Lincoln Center. Can be delivered vacant.
Originally built by the architect J.W. Davison in 1895, 306 West 78th Street is the third in a series of four town homes designed in the Renaissance Revival style. The 18' wide property contains a modern, light, and spacious owner's triplex plus seven additional free-market rental units. Including the finished basement, total interior space exceeds 6,000 square feet. 306 West 78th Street provides endless flexibility and optionality, given the total free market status of the apartments, high rent roll, and 3,000+ s.f. renovated owner's unit with generous outdoor space. It is ideal for conversion to a single-family home, for use by a live-in owner looking to offset expenses with rental income, or for an investment purchaser facing a tax free exchange. There is also enough F.A.R. to add an additional 1,500-1,700 s.f. of interior space. Current ownership has completed extensive and meticulous renovations on the building, including all new pipes, waterproofing the garden, upgraded electrical service, gas boiler with full hot water backup system, all windows replaced, new gas line and gas meter, and a new sprinkler water line, as well as interior cosmetic upgrades, with special attention to detail paid to the owner's triplex. Ideally situated on a picturesque Upper West Side townhouse block with south-facing garden, this historic home is in close to proximity to Riverside Park, coveted schools, transportation, fine shopping and dining, and Lincoln Center. Can be delivered vacant.

Listing Courtesy of Garfield, Leslie J. & Co., Inc.

Care to take a look at this property?

Apartment Features

A/C

Outdoor

Terrace
306 West 78th Street Upper West Side New York NY 10024

Building Details [306 West 78th Street]

Ownership Income Property
Service Level Voice Intercom
Access Walk-up
Block/Lot 1186/35
Building Size 18'x73'
Building Type Townhouse
Year Built 1895
Floors/Apts 5/8
Lot Size 18'x102'

Building Amenities

Garden

Mortgage Calculator in [US Dollars]

$
%
$
%

Loan Amount

Klara Madlin

License

Licensed Real Estate Broker


This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. ©2020 REBNY Listing Service, Inc. All rights reserved. Additional building data provided by On-Line Residential [OLR].
All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer.