306 West 78th Street New York, NY 10024

$7,795,000
306 West 78th Street, New York, NY 10024
RPLU-53814207942

Townhouse for sale in New York, NY

for $7,795,000 with 10 bedrooms. This townhouse was built in 1895 on a lot size of 18'x102'.

Property Information

  • $7,795,000
  • 10 Bedrooms
  • Townhouse
  • Townhouse
  • Active
  • Lot size of 18'x102'
  • Built in 1895
  • New York, NY
  • Upper West Side Neighborhood
  • New York County
  • MLS/Web ID is RPLU-53814207942

Description

Cushman & Wakefield has been retained on an exclusive basis to arrange for the sale of 306 West 78th Street, an elegantly renovated, 8-unit townhouse located on one of the Upper West Side's most tranquil, tree-lined blocks.Situated on the south side of West 78th Street between West End Avenue and Riverside Drive, the character of 306 West 78th Street is dominated by its flexibility and graceful finishes. The property is currently configured with a clean, tastefully modern owner's triplex (currently rented for $18, 000 a month) along with 7 additional free-market apartments, all of which are fair market and fully renovated in the same crisp, modern style. All renovations to the property were performed by the owner for his own use with a view of occupying the triplex and holding long term. Accordingly, all capital improvements were completed to the highest standard both stylistically and "behind the walls". All plumbing, electrical wiring, and windows have been upgraded or replaced. The current layout of the triplex was done in a way to allow an easy reconfiguration to two apartments giving a new owner the flexibility to convert to smaller units. Chiefly because of the attractive style and high quality of the finishes, the owner has consistently achieved rents at the high end of the market and has literally not had a vacancy in over 21 years. The property possesses 1, 708 SF of excess air-rights which could easily be used to expand the overall square footage. Any plans for us of the excess air-rights would be subject to Landmarks Preservation Commission approval as the property lies in the West End - Collegiate historic district. 306 West 78th Street will appeal to a wide range of investors and owner/users interested in acquiring a turn-key, immaculately renovated townhouse with strong and consistent income.

Interior 1

Cooling System

  • Air Conditioning

† Excluded Feature

Listed By

Listing Agent: Richard Pretsfelder

306 West 78th Street, New York, NY, 10024 is a Townhouse for sale at $7,795,000 with a lot size of 18'x102'. 306 West 78th Street has 10 bedroomsThe property's zip code is 10024 which is in New York, NY

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Market Pricing

Average % of sale price Median % of sale price
All listings in Manhattan $3,511,365 55 % below $1,675,000 79 % below
Townhouse listings in Manhattan $6,789,308 13 % below $3,625,000 53 % below

Get the facts about Manhattan, NY!

Population 1,634,295
Population Growth (since 2000) 6 %
Median Income $78,347
Median Age 38.05
Households w/ Children 17 %

Residential Dwellings

  • Owned 179048
  • Vacant 77430
  • Rented 609688

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