23 W 69th St - Residential Income FOR SALE


New York, NY 10023- Lincoln Square
$7,950,000 USD
212-371-8200
23 W 69th St, New York, NY for Sale
$7,950,000 USD
Residential Income - FOR SALE
1/8
null | Request Cap Rate

23 W 69th St
New York, NY 10023
Lincoln Square


OVERVIEW

Currently configured as a five-unit elevatored income-producing property, 23 West 69th Street also offers the opportunity to create a grand seven-story single-family residence. DOB-approved plans envision six bedrooms, a garden-level roof deck, a finished spa basement with pool, and a striking rear wall of glass. In its existing layout, three of the five apartments enjoy private outdoor space, complemented by five decorative fireplaces and a commercial-grade elevator. Surrounded by low-rise, landmarked townhouses, the home benefits from exceptional natural light. Built circa 1892 by noted architect Gilbert A. Schellenger, this 20-foot-wide townhouse is ideally situated on a prime Central Park block on Manhattan's Upper West Side, moments from Sheep Meadow and Tavern on the Green, within the Upper West Side-Central Park West Historic District. The property is also close to Lincoln Center, the Metropolitan Opera, Juilliard, LaGuardia High School of Music & Art and Performing Arts, Fordham University, and Columbus Circle, home to Jazz at Lincoln Center and some of the neighborhood's finest dining and shopping. As a rental asset, the building offers a strong rent roll and consistently low vacancy. Alternatively, it presents flexibility as a live/work residence or an owner's home with supplemental income. Comprising a collection of well-proportioned duplex and triplex apartments in a serene, picturesque setting, this is a rare and compelling opportunity.

FOR SALE DETAILS

PRICE

$7,950,000 USD

PRICE/SF

$1,228 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

-

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Specialty

PROPERTY SUBTYPE

Residential Income

ADD'L SUBTYPES

Apartments

TOTAL BUILDING SIZE

-

STORIES

5

BUILDING CLASS

-

YEAR BUILT

1900

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.05 AC

LAND SF

2,004 SF

ZONING

R8B

APN/PARCEL ID

1122-0021

ASK ABOUT THIS PROPERTY

Richard PretsfelderLeslie J. Garfield & CompanyMore Info
212-371-8200

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Richard PretsfelderLeslie J. Garfield & CompanyMore Info
212-371-8200

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.