$13,250,000
Updated 7 years ago
Off Market
Upper West Side, Manhattan | Manhattan Ave & Columbus Ave
18,639 Square FeetIncome Property

$13,250,000
floors / apts5 / 20
Lot Size50'x100'9"
ZoneR8
Building TypeTownhouse
Price Per SF
$711

Building Amenities

  • Voice Intercom

Property Description

> Ariel Property Advisors presents 61-63 West 108th Street, New York, NY, a five (5) story, twenty (20) unit walk-up building located on the north side of West 108th Street, between Columbus and Manhattan Avenues. > The property’s unit mix consists of fourteen (14) three-bedroom, five (5) two-bedroom, and one (1) one-bedroom unit. > The building also contains a super’s unit and laundry room in the basement. > Due to existing J-51 benefits, the property is completely rent-stabilized. > However, all residential leases contain preferential lease language and provide future owners flexibility and immediate upside. > The property underwent extensive renovations in the late 1990s and has been maintained in excellent condition. > All units boast hardwood flooring, a video-intercom system, and baseboard heating. > A gas fired forced hot water boiler ensures clean and efficient heating throughout the building. > Close proximity to local transportation and ongoing neighborhood developments, such as Columbia’s 17 acre expansion project, ensure strong and consistent rental demand. > With its “turn-key” condition, prime location, and the unique ability to unlock immediate upside without costly renovations, 61-63 West 108th Street stands out as a premier Upper West side multifamily opportunity.

Listing History

Now
01/07/2014
POM by Shimon Shkury
Ariel Property Advisors
2014

Building Details

OwnershipIncome Property
Building TypeTownhouse
Service LevelVoice Intercom
AgePre-War
AccessWalk-up
Year Built1900
Floors/Apts5/20
Learn More About the Building

Contact Agents

Contact Agents

Shimon Shkury
Ariel Property Advisors
Michael A. Tortorici
Ariel Property Advisors
Victor Sozio
Ariel Property Advisors

Upper West Side | Manhattan

Quick Profile

Bracketed on its east and west borders by massive city parks, the Upper West Side (UWS) is known for its greenery, stately and elegant townhomes, safe streets and great schools, all of which make it a very desirable neighborhood for families. The UWS has maintained its community feeling, making it attractive to young professionals and retirees, both of whom want a sense of belonging in the place they call home.

Here you’ll find many apartment buildings, especially those along Central Park West. Historic architecture abounds, anchored by four luxury co-ops - the San Remo, Majestic, Century and Eldorado apartments - all of which have two towers on their interiors. They were built in the 1930s and their design was predicated on a 1929 building code that imposed a height limit on residences facing the street. There are also impressive row houses near Riverside Drive throughout the W 70 and 80 Streets. Above the 90s, you will find smaller buildings where walk-ups are very reasonably priced.

There are several world-class museums and venues dedicated to the performing arts. Plentiful dining can be found in the UWS. You will find everything from quaint Jewish delis serving up bagels and a schmear to sophisticated fine dining that has earned multiple Michelin stars, and everything you could possibly want in between. There is also abundant shopping and a vibrant nightlife.

All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer.
OLR ID: 52009TH