Property Description for 28 West 89th Street
OVER $26,000/MONTH IN NET INCOME — LIVE IN YOUR DUPLEX WHILE THE BUILDING PAYS FOR ITSELF
A rare opportunity for an end-user seeking exceptional living space, privacy, and strong investment value in a single asset.
Own a historic 8,033 SF Upper West Side townhouse where approximately $26,600/month in projected net rental income helps offset ownership.
The property generates approximately $36,700 in monthly rental income against $10,029 in monthly expenses, creating an estimated $26,600 monthly surplus. Occupy one of TWO owner's duplex residences while the remaining units cover the carrying costs and generate substantial additional income.
Originally built in 1894 and designed in the Renaissance Revival style by architect Gilbert A. Schellenger, this elegant five-story, four-family townhouse beautifully blends historic character with refined modern updates. Original architectural details have been meticulously preserved alongside contemporary finishes, including 11–12 ft ceilings, exposed brick, handcrafted millwork, reclaimed Italian marble from The Plaza Hotel's Oak Room, carved mantelpieces with Deco-era fireplaces, and original wood marquetry floors.
GARDEN DUPLEX
A newly renovated three-bedroom, 2.5-bath duplex with two private entrances and a landscaped garden. The garden level features a chef's kitchen opening directly to the outdoor space, while the parlor level offers nearly 12-foot ceilings, oversized windows, a decorative fireplace, a spacious primary suite, and a sun-filled library/home office with a wet bar.
PARLOR STUDIO
A bright and spacious studio featuring 12-foot ceilings, exposed brick, and oversized windows.
UNIT 2/3 DUPLEX
A gracious two-story residence filled with restored 19th-century details, 11-foot ceilings, a dramatic bay window, chef's kitchen with rare Plaza Hotel marble, south-facing terrace, two generous bedrooms, two renovated baths, washer/dryer, and a second private terrace.
FOURTH-FLOOR RESIDENCE
A sun-filled full-floor two-bedroom, two-bath home with north and south exposures, three skylights, 12-foot ceilings, an updated chef's kitchen, office nook, in-home washer/dryer, and a private roof terrace with open skyline views.
Set on one of the Upper West Side's most picturesque tree-lined blocks within the historic district, this exceptional townhouse is moments from Central Park, the Reservoir, world-renowned museums, and celebrated dining.
Whether you're an investor seeking immediate income, a developer exploring a unique conversion opportunity, or an end-user searching for a landmark residence with income-producing potential, this is an exceptionally rare Manhattan offering. Please inquire for a complete Offering Memorandum.
