169 West 83rd Street

Cushman & Wakefield has been retained on an exclusive basis to arrange for the sale of 169 West 83rd Street, a timeless 19’ wide five-story multi-family townhouse located centrally in the bucolic Manhattan neighborhood of the Upper West Side, on the north side of West 83rd Street between Columbus and Amsterdam Avenues. The building was constructed in 1884 by one of the city’s most prominent developers, David H. King Jr, through the iconic American architectural firm of Mckim, Meade and White. The property consists of a duplex on the ground floor and lower level with a 600 square foot slate, granite, and cast stone garden, and 4 large 3 bedroom floor-through apartments on the upper floors. All of the units are Free Market with leases expiring over the next year. Features include high ceilings, fireplaces, and an abundance of light and air throughout. The building has been well maintained and is individually metered for gas and electric. Recent upgrades include, but are not limited to; new gas piping for heat, hot water, and cooking, a brand new gas boiler and chimney and brand new roof. Additionally, the property possesses approximately 2,218 SF of excess air rights that could potentially be used to enlarge the building, subject to DOB and LPC approval. 169 West 83rd Street will appeal to an array of purchasers looking to acquire a beautiful historic townhouse located in the heart of the UWS and the Central Park West Historic District. The property benefits from numerous restaurants (Sarabeths, Good Enough to Eat, Barney Greengrass) and stores (Citarella, Fairway Market, Trader Joe’s) that surround the area, as well as being located a block and a half from Central Park and minutes to world renowned museums and music halls. It lies between the 81st and 86th Street Subway Stations providing convenient service to the B,C and 1 trains. Purchasers will have the flexibility of operating the townhouse as an investment property at the lowest real estate tax basis in this townhouse category, or creating a spacious owner’s garden duplex / triplex while deriving supplemental income from the remaining rentals. The property will be sold on an as-is basis.