Property Description for 306 West 78th Street
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 fully renovated in the same crisp, modern style. As a result of the high quality of the finishes throughout the property, 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 flexibility of the property lies in the ease with which the townhouse can be either expanded to more units, or seamlessly converted to a larger owner’s unit or full singlefamily layout. The property possesses 1,708 SF of excess air-rights which could easily be used to expand the overall square footage. 306 West 78th Street is a superior investment opportunity which 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.