$7,795,000
Updated 4 years ago
Off Market
Upper West Side, Manhattan | West End Ave & Riverside Drive
21 Rooms10 Beds10.5 Baths5,648 Square FeetIncome Property

$7,795,000
floors / apts5 / 8
Lot Size18'x102'2"
Built Size18'x73'
ZoneR8B
Building TypeTownhouse
RE Taxes$75,819
Price Per SF
$1,380

Listing Features

  • Beamed Ceilings

Outdoor space and views

  • Balcony
  • Deck
  • Garden
  • Riverside Park

Building Amenities

  • Voice Intercom
  • Garden

Property 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 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.

Building Details

OwnershipIncome Property
Building TypeTownhouse
Service LevelVoice Intercom
AgePre-War
AccessWalk-up
Year Built1895
Floors/Apts5/8
Learn More About the Building

Transit and Citi Bike

Subway

79 St
0.11 miles
72 St
0.36 miles
86 St
0.46 miles

Contact Agents

Contact Agents

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: 62365TH