Cushman & Wakefield has been retained on an exclusive basis to arrange for the sale of 110 West 69th Street, a trophy 48.5’ wide, 9 story, pre-war elevator apartment building containing 36 spacious apartments and situated at the epicenter of one of the world’s great cultural locations on New York City’s Upper West Side.
Owned by the same family for over 40 years and located on a bucolic tree-lined block just steps from Central Park, 110 West 69th Street’s immediate neighbors include Lincoln Center for the Performing Arts and the posh, high-end retail corridors of Columbus Avenue and Broadway.
Of the 36 apartments, 27 are free-market or vacant (2 are vacant), affording a variety of value-add scenarios for conversion to a luxury rental or condominium. Constructed in 1924 in the Neo-Renaissance style, 110 West 69th Street possesses the old-world charm of a classic New York pre-war apartment building with a full, double-height basement, two elevators (passenger and freight), and dual interior staircases with each unit having both a main entrance door and service entrance.
Two of the ground-floor units have been elegantly renovated and duplexed to the basement, each with its own private outdoor garden space. The other 34 apartments are currently laid out as large one-bedrooms, but could easily be converted to two-bedroom units or combined for larger family-size dwellings. Current in-place rents average approximately $44.69 per net rentable SF, roughly 45% below market.
110 West 69th Street represents a rare opportunity to purchase a boutique world-class multi-family trophy with substantial value-add possibilities situated in one of New York City’s most desirable locations.
Co-brokers are invited, and our commission payable by written agreement with the seller shall be split 50-50 with the cooperating broker who signs our brokerage agreement and procures a purchaser in accordance with the provisions therewith.