15-17 West 94th Street

Cushman & Wakefield has been retained on an exclusive basis to arrange for the sale of 15 & 17 West 94th Street, a pair of interconnected 4 story colonial revival townhouses located steps from central park. Constructed in 1894 as a row of four (3 remain: 11a, 15 & 17), the properties are poised for conversion and represent a rare opportunity to acquire adjacent townhouses with matching facades on a beautiful park block.

The houses combine for 36’ of frontage (18’ & 18’) on the north side of a quintessential tree-lined street within the Central Park West Historic District. Features include a large double-wide garden, easterly views of Central Park, tall ceilings peaking over 11’ on the parlor level, and approximately 9,750 square feet of additional air-rights. With Landmarks Preservation Commission’s approval, purchasers may be able to utilize a portion of the remaining air-rights to either expand upon the extension or add atop the existing buildings set back from street view.

Originally designed as single family homes, the properties are currently configured as a mixture of non-profit offices and 10 rental apartments. The lower two floors of the buildings (rear of 15 and all of 17) have been partially interconnected to create a large and beautifully designed office that serves as the headquarters to The Bay & Paul Foundation. The remainder of 15 West 94th Street is comprised of 6 residential apartments of which 3 are vacant, 2 are Free Market and 1 (4R) is occupied by a Rent Stabilized tenant. The balance of 17 West 94th Street is comprised of 4 Free Market apartments of which 1 is currently vacant. The last of the remaining Free Market leases expire June of 2016. Although currently interconnected, the houses could easily be separated as they still maintain separate entrances, staircases, basements (with 8’ 6” ceilings), mechanical systems, and two new gas-fired boilers.

15 & 17 West 94th Street’s rare width and location present a unique opportunity that will appeal to an array of buyers interested in creating a large mansion, luxury condominium, two single family homes, or an institutional headquarters.