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Type:
Multifamily
Sq Ft:
4,978
Units:
Property Description
IPRG is pleased to exclusively offer 119 West 81st Street, a 5-story brick townhouse located on West 81st Street between Columbus and Amsterdam Avenue, steps away from Central Park. The 10-unit townhouse is built approximately 17 ft x 50 ft on all five levels, with an 8 ft x 12 ft extension on the first three floors, totaling 4,978 square feet. The property sits on a 102.17 ft lot and is zoned R8B with approximately 1,970 square feet of additional air rights.
The tax class protected 2B building will be delivered 50% vacant, including the floor through owner’s unit on the ground floor which also has private backyard access. The remaining five occupied units include two free market and three rent stabilized units.
The well maintained, sprinklered property has recently been repointed. The property has been owned and managed by the same family for nearly 50 years. All of the residential apartments have not been renovated in recent years which allows a purchaser the opportunity to immediately add value through renovation. This is a unique opportunity acquire a partially free market, partially rent stabilized building in the prestigious Upper West Side.
The property is steps away from the American Museum of Natural History, Central Park, and retail along Columbus Avenue. The building is nearby the B, C subway stop at 81st Street and the 1 train at 79th Street.
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Block & Lot:
01212-0026
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Neighborhood:
Upper West Side
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Cross Streets:
Columbus & Amsterdam Avenue
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Building Dimensions:
17 ft x 50 ft
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Lot Dimensions:
17 ft x 102.17 ft
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Units:
10
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Total Approx. SF:
4,978
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Zoning:
R8B
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FAR:
4.0
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Tax Class:
2B
