$8,950,000
Updated 8 years ago
Sold

123 West 79th Street

Upper West Side, Manhattan | Columbus Ave & Amsterdam Ave

10,000 Square FeetRental Property

$8,950,000
floors6
Lot Size25'x102'1"
Built Size25'x76'
ZoneR10A
Building TypeTownhouse
RE Taxes$95,000
Price Per SF
$895

Listing Features

  • Central AC
  • Central Heat

Outdoor space and views

  • Balcony
  • Garden

Building Amenities

  • Voice Intercom
  • Backyard
  • Elevator

Property Description for 123 West 79th Street

Mint condition...Perfect for a residential single family conversion or mixed use; Currently produces approx $500k net income, all from health care professionals. the building can be delivered vacent w/i one year. Each floor is just shy of 1700 sq ft with no structural walls other than the outside load bearing walls, and of course the elevator shaft which houses the new elevator. Building: The lot size is 25’ x 102.17’. The building is 25’ wide and is 5 stories plus a lower level. The building features a large garden as well as a penthouse terrace with open North views. Current Use: Multi-tenant health and wellness office building with multiple full-time and parttime tenants. Current owner offers tenants the option of exclusive use or part time use; tenants may lease as little as one room within a suite for limited blocks of time and common areas (waiting area, business office, rest rooms, etc.) may be shared. Tenants: Currently occupied by 36 healthrelated tenants; tenant use is primarily psychotherapy. Rent Roll contains strong mix of users, several of whom have been tenants for over 20 years. However, if a future owner so desired, the building could be entirely emptied within a year. Most leases include pass-through of utilities, taxes, maintenance and insurance.

Listing History for 123 West 79th Street

Now
09/10/2011
Sold and Closed by Robert Dankner
Prime Manhattan Residential
2011

Building Details for 123 West 79th Street

OwnershipRental Property
Building TypeTownhouse
Service LevelVoice Intercom
AgePre-War
AccessElevator
Year Built1900
Floors6
Learn More About the Building

Transit and Citi Bike

Subway

79 St
0.17 miles
81 St-Museum of Natural History
0.27 miles
72 St
0.39 miles
86 St
0.41 miles
86 St
0.48 miles

Citi Bike

Amsterdam Ave & W 79 St
0.08 miles
Amsterdam Ave & W 82 St
0.17 miles

Contact Agent

Contact Agent

Robert Dankner
Prime Manhattan Residential

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: 30552TH
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Recognized as one of the top producing brokers in the industry, Robert Dankner, President of Prime Manhattan Residential, is also known for his encyclopedic knowledge of the residential market. His ability to effectively negotiate and understand value has been a unique benefit for both buyers and sellers, leading to successful transactions for his clients on their terms. Of the top 25 closed sales in Manhattan this year alone, Robert has represented both buyers and sellers in several of those record transactions. As the consummate advocate for his clients, Robert keeps the objectives, wants, needs, and desires of his clients in focus, as he consistently delivers them a high level of satisfaction. Robert has been a real estate investor for over 25 years, and has a diversified business background. His early years were spent trading oil and currencies for E.F. Hutton before venturing out on his own. Becoming a student of the markets so early in his career created the foundation for his vast base of knowledge as it relates to understanding the psychology of the markets and value investing/buying. From there, Robert moved on as a principal and operating partner in the acquisition and subsequent sale of several enterprises in the fashion, fine arts and auction arenas. Robert’s reputation for impeccable service and market knowledge go hand in hand with his ability to successfully market some of the most impressive properties in Manhattan for his sellers or to find the perfect home or investment for his buyers. Regardless of transaction size, consistently providing the highest level of service is a constant. Working closely with individuals, investors and institutions, Robert has proven that he is one of the most diligent and dedicated professionals in the field.

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