208 West 80th Street, New York, NY 10024

Upper West Side, New York, New York 10024

$8,950,000  

Listing ID Number

25263

Property Description

Cushman & Wakefield has been retained on an exclusive basis to arrange for the sale of 208 West 80th Street, a 25’ wide, 5 story, walk-up apartment building located on West 80th Street between Broadway and Amsterdam Avenue.

The property is comprised of 20 units (18 one-bedrooms and 2 studios), and 2 legal, below-grade commercial spaces occupied by a single tenant. Of the residential units, 14 are free-market and 6 are rent-stabilized. In-place residential rents average approximately $1,987 per month per unit representing a value-add upside potential of over 35%.

Situated at the very heart of the Upper West Side, the property is just steps from the 79th Street/Broadway and 81st Street/Central Park West subway stations.

Located in one of New York’s most vibrant neighborhoods, just steps from some of the city’s most iconic recreation, shopping, dining and cultural destinations, 208 West 80th Street represents an exceptional value-add investment opportunity.

Overview

Building Type:Apartment Buildings
Block/Lot:1227/40
Lot Dimensions:25 x 102.2
Stories:5
Residential Units:20
Commercial Units:2

Documents

Contact

For further information or inspection, please contact Exclusive Agents:

Robert A. Knakal
Chairman, New York Investment Sales
(212) 660 7777
robert.knakal@cushwake.com

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

George D'Ambrosio
Director
(212) 660 7790
george.dambrosio@cushwake.com

Conrad Martin
Associate Director
(212) 307 8175
conrad.martin@cushwake.com

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


Property Images

Click the image for a high resolution version.

<     /     >

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.