221 West 70th Street, New York, NY 10023

Upper West Side, New York, New York 10023

$5,525,000  

Listing ID Number

23815

Property Description

Cushman & Wakefield has been retained on an exclusive basis to arrange for the sale of 221 West 70th Street, a 15 foot wide 5-story townhouse with a 4 story rear extension and a beautiful lime stone facade. 221 West 70th Street is ideally located just steps from Riverside Park and a short walk from Verdi Square and the 72nd Street express metro station. The property contains 5 free market units consisting of one bedroom floor through apartments. The house will be delivered as is with the last market rate leases expiring in July of 2016. Its location, facade and tenancy present purchasers with the flexibility of converting the house to a single family or creating a spacious owners unit while preserving investment income from the remaining rentals.

Overview

Building Type:Townhouses
Location:Upper West Side

Documents

Contact

For further information or inspection, please contact Exclusive Agents:

Hall Oster
Senior Managing Director
(212) 660 7723
hall.oster@cushwake.com

Paul B. Smadbeck
Senior Managing Director
(212) 660 7760
paul.smadbeck@cushwake.com

Teddy Galligan
Associate Director
(212) 589 5137
teddy.galligan@cushwake.com

Bryan Smadbeck
Senior Associate
(212) 589 5169
bryan.smadbeck@cushwake.com


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Property Map


Aerial View


The information contained herein has either been given to us by the owner of the property or obtained from sources that we deem reliable. We have no reason to doubt its accuracy but we do not guarantee it. All zoning, buildable footages and uses must be independently verified. Vacancy factors used herein are an arbitrary percentage used only as an example. It does not necessarily relate to actual vacancy, if any. The value of this investment is dependent upon these estimates and assumptions made above, as well as the investment income, the tax bracket, and other factors which your tax advisor and/or legal counsel should evaluate. THE PROSPECTIVE BUYER SHOULD CAREFULLY VERIFY EACH ITEM OF INCOME, AND ALL OTHER INFORMATION HEREIN.