316 West 78th Street

Upper West Side   |   Riverside Drive & West End Avenue

Price Drop
Building For Sale
$ 3,950,000 [ 7.06% | $ 300,000 ]
Ownership Income Property
Lot Size 16'x102'
Floors/Apts 5/8
Status Active
Real Estate Taxes [Per Annum] $ 48,108
Building Type Townhouse
Building Size 16'x73'
Year Built 1895
ASF/ASM 4,963/461
Listing ID: 30284TH

Property Description

316 West 78th Street is a classic Renaissance Revival-style townhouse designed by the architect George F. Pelham in 1895. The property consists of 8 rental units, including a beautifully renovated, 3-bedroom owner's duplex with the landscaped, south-facing garden. This unit can easily be combined with unit 2R for another half floor of living space. Other units are well-maintained and have been recently updated, as has the bright, spacious and clean hallways/common spaces. 4 of the 8 units are free market, the other 4 are rent stabilized. The high rent roll, premier townhouse block, turn-key condition of the building, and long-term upside make this property a lucrative investment opportunity. The spacious and renovated owner's duplex offers the ability to live expense free. This property is located in close proximity to Central and Riverside Parks, public transportation, the Museum of Natural History, and some of the best dining, schools and retail the City has to offer.
316 West 78th Street is a classic Renaissance Revival-style townhouse designed by the architect George F. Pelham in 1895. The property consists of 8 rental units, including a beautifully renovated, 3-bedroom owner's duplex with the landscaped, south-facing garden. This unit can easily be combined with unit 2R for another half floor of living space. Other units are well-maintained and have been recently updated, as has the bright, spacious and clean hallways/common spaces. 4 of the 8 units are free market, the other 4 are rent stabilized. The high rent roll, premier townhouse block, turn-key condition of the building, and long-term upside make this property a lucrative investment opportunity. The spacious and renovated owner's duplex offers the ability to live expense free. This property is located in close proximity to Central and Riverside Parks, public transportation, the Museum of Natural History, and some of the best dining, schools and retail the City has to offer.

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

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Apartment Features

A/C

Outdoor

Private Garden
Terrace
316 West 78th Street Upper West Side New York NY 10024

Building Details [316 West 78th Street]

Ownership Income Property
Service Level Voice Intercom
Access Walk-up
Block/Lot 1186/40
Building Size 16'x73'
Building Type Townhouse
Year Built 1895
Floors/Apts 5/8
Lot Size 16'x102'

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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. ©2021 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.