$3,995,000
Updated 7 years ago
Off Market

268 West 73rd Street

Upper West Side, Manhattan | Broadway & West End Ave

6,360 Square FeetIncome Property

$3,995,000
floors / apts5 / 10
Lot Size18'x100'
Built Size18' wide
ZoneR8B
Building TypeTownhouse
RE Taxes$12,192
Price Per SF
$628

Outdoor space and views

  • Backyard

Building Amenities

  • Voice Intercom
  • Garden

Property Description for 268 West 73rd Street

Bring your contractor! Seize an ideal live-with-ROBUST-income opportunity in a desirable UWS location near Lincoln Center. This townhouse is eighteen feet wide with five stories, a full cellar, and South-facing garden. You'll also appreciate the high ceilings, spacious rooms, and floor-to-ceiling windows.This property has a tremendous upside compared to buying a condo. The potential financial breakdown is as follows:$3,995,000 (purchase price) + $1,500,000 (estimated renovation costs) = $5,495,000You'll need $2,495,000 cash plus $3,000,000 mortgageThe projected monthly income of $14,000 (see next page) will pay for a $3M mortgage (based on a 30-year amortized mortgage at 3.7%)Additional estimated net expenses listed below are less than $6,000 per month. After interest charges and other tax deductions, the net cost to the owner will be much less than this.Compared to paying $15,000 per month for a similar 3,000 sq. ft. roof garden rental, 268 West 73rd Street is an amazing opportunity. Invest in your real estate future today.

Listing History for 268 West 73rd Street

Now
12/20/2019
New Agency by Dexter Guerrieri
Vandenberg -The Townhouse Experts
12/20/2019
Back on the Market by Dexter Guerrieri
Vandenberg -The Townhouse Experts

Building Details for 268 West 73rd Street

OwnershipIncome Property
Building TypeTownhouse
Service LevelVoice Intercom
AgePre-War
AccessWalk-up
Year Built1920
Floors/Apts5/10
Learn More About the Building

Transit and Citi Bike

Subway

72 St
0.14 miles
79 St
0.33 miles
66 St-Lincoln Center
0.46 miles
72 St
0.48 miles

Citi Bike

Riverside Dr & W 72 St
0.12 miles
Amsterdam Ave & W 73 St
0.14 miles

Contact Agent

Contact Agent

Licensed As
Dexter A. Guerrieri
Associate Broker
License#:
10301216645
Company:
Douglas Elliman
Dexter Guerrieri
Douglas Elliman

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: 76245TH