163 West 80th Street

> Ariel Property Advisors is proud to present 163 west 80th Street, a five story-walkup building located on the north side of West 80th Street between Amsterdam Avenue and Columbus Avenue. > The 9,624 square-foot building is comprised of five floor-through luxury apartments, consisting of one duplex convertible four-bedroom unit and four convertible three-bedroom units. > Each unit is outfitted with high-ceilings, oversized windows and high-end finishes, including open kitchens with stainless steel appliances and modern bathrooms. > While currently operating as a free-market rental property in which all leases are due to expire in 2013 and demand fair market rent increases, a condominium declaration has been filed establishing five single residential condominium units within the building. > Therefore, this is an excellent opportunity for an investor to earn an attractive return on a rental property, while preserving the flexibility to realize significant upside on a condominium sale basis as the market strengthens. > The property is located in the heart of the Upper West Side just two blocks from Central Park and in close proximity to local attractions such as the American Museum of Natural History and Lincoln Center. > Easy access to the subways is available along Central Park West (A,B,C,D) and Broadway (1,2,3), while city buses provide convenient cross-town service. > As strong residential rental demand continues to drive rental rates higher, 163 West 80th Street offers investors an opportunity to capitalize on an asset in one of Manhattan’s most desirable neighborhoods.