164 West 81st Street

JLL has been retained on an exclusive basis to arrange for the sale of 164 West 81st Street, an 18.75’ wide Renaissance Revival townhouse located on the south side of West 81st Street between Columbus and Amsterdam Avenues. Originally constructed in 1882, the house underwent a full gut renovation to 4 floor through apartments in the early 2000’s and was subsequently converted to its present configuration of 8 studio apartments (circa 2011). All of the units contain modern kitchens and baths and are Free Market with leases expiring over the next year and a half. Features include tall ceilings peaking over 11’ on the parlor floor, an over-sized south facing garden, ample light and air throughout, fully upgraded building systems and an excavated, finished, basement that is presently used as a laundry room and recreation space for the tenants. The property possesses approximately 3,899 SF of excess air-rights which could be used to expand the overall square footage by adding add a rear extension or a partial 5th story. Any plans for use of the excess air-rights will be subject to Landmarks Preservation Commission approval as the property lies within the Upper West Side – Central Park West Historic District. 164 West 81st Street will appeal to an array of purchasers interested in acquiring a multi-family townhouse in a prime location. Purchasers will have the flexibility of operating the house as an investment property, creating a spacious owner’s unit while deriving supplemental income from the remaining rentals, or undertaking a conversion to a single family home. The property will be sold on an as-is where-is basis.