$6,250,000
Updated 3 years ago
Off Market

323 West 89th Street

Upper West Side, Manhattan | West End Ave & Ave of the Americas

7,120 Square FeetIncome Property

$6,250,000
floors / apts5 / 14
Lot Size22'x75'7"
Built Size22'x69'
ZoneR8
Building TypeTownhouse
RE Taxes$59,610
Price Per SF
$878

Building Amenities

  • Voice Intercom
  • Elevator
  • Garden
  • Roof Deck

Property Description for 323 West 89th Street

JLL has been retained on an exclusive basis to arrange for the sale of 323 West 89th Street, a 22’ wide, 5-story plus penthouse, multifamily townhouse located on the north side of West 89th Street between West End Avenue and Riverside Drive. Designed by renowned architect C.P.H. Gilbert in the Renaissance Revival style, the ~7,120 Sq. Ft. property is currently configured as 10 Free Market apartments. The building has been owned and well maintained by the same family for over 35 years. The apartments are arranged as one studio, six convertible one-beds (two of which have yet to be converted from existing large studios), three duplex apartments that could function as 1-bed plus home office or loft 2-bedrooms, and a basement office. All three of the duplex apartments feature outdoor space: two are located on the penthouse level with private roof terraces and the third features exclusive access to the garden. The apartments are currently leased for an average of ~$2,679 per month (excluding vacant projections) in a market that could achieve $3,000-$4,500 per month depending on unit layout. Additional revenue can be added to the rent roll by combining apartment 1A and the basement office to create a 4th duplex apartment.

Listing History for 323 West 89th Street

Now
03/24/2023
POM by Hall Oster
JLL
2023

Building Details for 323 West 89th Street

OwnershipIncome Property
Building TypeTownhouse
Service LevelVoice Intercom
AgePre-War
AccessElevator
Year Built1900
Floors/Apts5/14
Learn More About the Building

Transit and Citi Bike

Subway

86 St
0.18 miles
96 St
0.31 miles

Citi Bike

W 87 St & West End Ave
0.11 miles
Riverside Dr & W 91 St
0.13 miles

Contact Agents

Contact Agents

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: 88697TH