306 West 78th Street, New York, New York, 10024

306 West 78th Street
New York NY 10024

Cross street:West End Avenue

Building

Type:Townhouse
Era:Post-war
Floors:5

Property

Ownership: Income Property
Rooms: 10
Bedrooms: 10 BR
Bathrooms: 10

Financials

Price: $6,950,000
415 Madison Avenue New York, NY 10017
Courtesy of Garfield, Leslie J. & Co., Inc.

Description

Originally built by the architect J.W. Davison in 1895, 306 West 78th Street is the third in a series of four town homes designed in the Renaissance Revival style. The 18' wide property contains a modern, light, and spacious owner's triplex plus seven additional free-market rental units. Including the finished basement, total interior space exceeds 6,000 square feet. 306 West 78th Street provides endless flexibility and optionality, given the total free market status of the apartments, high rent roll, and 3,000+ s.f. renovated owner's unit with generous outdoor space. It is ideal for conversion to a single-family home, for use by a live-in owner looking to offset expenses with rental income, or for an investment purchaser facing a tax free exchange. There is also enough F.A.R. to add an additional 1,500-1,700 s.f. of interior space. Current ownership has completed extensive and meticulous renovations on the building, including all new pipes, waterproofing the garden, upgraded electrical service, gas boiler with full hot water backup system, all windows replaced, new gas line and gas meter, and a new sprinkler water line, as well as interior cosmetic upgrades, with special attention to detail paid to the owner's triplex. Ideally situated on a picturesque Upper West Side townhouse block with south-facing garden, this historic home is in close to proximity to Riverside Park, coveted schools, transportation, fine shopping and dining, and Lincoln Center. Can be delivered vacant.

Amenities

Garden;

  • Terrace
  • Garden
  • Voice Intercom
  • Walk-up

Neighborhood

More listings:

Originally built by the architect J.

Description

Originally built by the architect J.W. Davison in 1895, 306 West 78th Street is the third in a series of four town homes designed in the Renaissance Revival style. The 18' wide property contains a modern, light, and spacious owner's triplex plus seven additional free-market rental units. Including the finished basement, total interior space exceeds 6,000 square feet. 306 West 78th Street provides endless flexibility and optionality, given the total free market status of the apartments, high rent roll, and 3,000+ s.f. renovated owner's unit with generous outdoor space. It is ideal for conversion to a single-family home, for use by a live-in owner looking to offset expenses with rental income, or for an investment purchaser facing a tax free exchange. There is also enough F.A.R. to add an additional 1,500-1,700 s.f. of interior space. Current ownership has completed extensive and meticulous renovations on the building, including all new pipes, waterproofing the garden, upgraded electrical service, gas boiler with full hot water backup system, all windows replaced, new gas line and gas meter, and a new sprinkler water line, as well as interior cosmetic upgrades, with special attention to detail paid to the owner's triplex. Ideally situated on a picturesque Upper West Side townhouse block with south-facing garden, this historic home is in close to proximity to Riverside Park, coveted schools, transportation, fine shopping and dining, and Lincoln Center. Can be delivered vacant.

Amenities

Garden;

  • Terrace
  • Garden
  • Voice Intercom
  • Walk-up

Neighborhood

More listings:

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. International currency conversions where shown are estimates based on recent exchange rates and are not official asking prices.

All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer.