In Contract
53 West 94th Street
$6,599,000
($1,089 per ft2)
| 12 beds, 9 baths | Approx. 6,060 ft2
122 days on Market
Key Details
-
Listed: Sep 9, 2024Days on Market: 122Building Type: RentalNeighborhood: Central Park West (Manhattan)
Monthly Real Estate Taxes:
$6,034
Total Taxes & Fees:
$6,034
($1.00/ft2)
Est. Monthly Mortgage:
$35,407
Mortgage calculator
Total Est. Monthly Carrying Cost:
$41,441
($6.84/ft2)
Note: the above is based on a down payment of 20% ($1,319,800),
which is the minimum amount permitted by the building.
Insider Highlights
- Spacious and Desirable Location: This large, over 6,000 square feet apartment is located in the highly sought-after Central Park West neighborhood. It's just half a block from the park and within walking distance to the 96th Street B and C trains.
- Perfect for Large Families or Shared Living: The apartment contains more than 6 bedrooms and bathrooms, making it ideal for large families or shared living. It's also located in one of the city’s most desirable residential neighborhoods for schools and cultural institutions.
- Potential for Increased Income: The building is 100% leased and offers a unique opportunity to acquire a free market property with multiple ways to add value. The rental rate for each of the seven units has room to grow, indicating potential for increased income.
- Convenient Amenities: The property is surrounded by national retailers such as Whole Foods, Starbucks, Home Goods, and many others, providing convenience and accessibility.
- Variety of Configuration/Investment Options: There is potential to convert the ground and 2nd floors into an owner-occupant unit, offering a new owner a variety of configuration and investment options.
- Historical Charm: Built in 1900, the building adds a touch of historical charm. It contains 7 apartments across 5 floors, providing a sense of community within the building.
Description
We are pleased to exclusively offer the sale of 53 West 94th Street located on the Upper West Side. Situated on 94th Street between Central Park West and Columbus Avenue, this 20-foot-wide building contains seven (7) renovated, free-market, rental apartments that are 100% leased. The building has been maintained by the same owner for the past 20 years.
53 West 94th Street offers a unique opportunity to acquire a free market property with multiple ways to add value. A particularly interesting opportunity is to convert the ground and 2nd floors into an owner-occupant unit and use the remaining units to cover expenses. If that opportunity is not of interest, it should be noted that the rental rate for each of the seven units has a fair amount of room to grow. This property is conveniently located just half a block from Central Park West, walking distance to the 96th Street B and C trains & is surrounded by national retailers such as Whole Foods, Starbucks, Home Goods, and many others. Located in one of the city’s most sought after residential neighborhoods for schools and cultural institutions, this well-maintained property offers a new owner a variety of configuration/investment options and half a block to Central Park. If interested in viewing the memorandum please reach out!
53 West 94th Street offers a unique opportunity to acquire a free market property with multiple ways to add value. A particularly interesting opportunity is to convert the ground and 2nd floors into an owner-occupant unit and use the remaining units to cover expenses. If that opportunity is not of interest, it should be noted that the rental rate for each of the seven units has a fair amount of room to grow. This property is conveniently located just half a block from Central Park West, walking distance to the 96th Street B and C trains & is surrounded by national retailers such as Whole Foods, Starbucks, Home Goods, and many others. Located in one of the city’s most sought after residential neighborhoods for schools and cultural institutions, this well-maintained property offers a new owner a variety of configuration/investment options and half a block to Central Park. If interested in viewing the memorandum please reach out!
All content above are visible to screen reader users, so you may ignore the show more button below.
Listing courtesy of
Compass
Pricing History
Certain content is available only to members.
There's no obligation.
6sqft delivers the latest on real estate, architecture, and design, straight from New York City.
