250 WEST 74 STREET

For Sale - Manhattan - Upper West Side

$6,295,000

Net Operating Income: Contact Agent

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Key Details

Property Type
MultiFamily
Neighborhood
Upper West Side
Property Dimensions
20.0 x 68.0
Property Area
6,440 sq.ft.
Total Units:
5
Stories:
3
NOI
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Price
$6,295,000
Price Per Unit
$1,259,000
Cap Rate
-%

Listing Description

250 West 74th Street is a 20' wide, 5-story multifamily brownstone located on the south side of West 74th Street between Broadway and West End Avenue.

Situated in the very heart of the Upper West Side, the property is just steps from Riverside and Central Parks, Lincoln Center, the major transportation hubs at 72nd Street and Broadway, and the world-class shopping and dining corridors of Broadway, Amsterdam and Columbus Avenues.

250 West 74th Street is currently divided into five expansive fair market floor-through apartments consisting of a 2-bedroom/3-bath garden duplex with huge recreation room, three 3-bedroom/3-bath units on the second through 4th levels, and a huge 4-bedroom/4-bath unit with rooftop penthouse and spectacular outdoor space. There is also an additional fully-renovated basement multi-purpose room with full bathroom and walk-in closet. Each apartment is serviced by its own dedicated gas-fired boiler providing individual heating and paid for by each tenant. The property lies inside the West-End Collegiate Historic District Extension and has approximately 1,720 SF of unused air rights.

With its spectacular location and abundant surrounding light and air, 250 West 74th represents an exceptional opportunity for an array of purchasers seeking a free market highly cash-flowing investment with favorable tax status, a live-plus-income arrangement, non-profit use or a single-family conversion.

Property Details

Block/Lot:
1165/159
Lot Dimensions
20.0 x 102.17
Lot Area
2,040 sq.ft
Zoning:
R8B
FAR as Built:
2.37
Max FAR:
4.0
Hall OsterJLL
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Sales & Transactions

AddressSale PriceSale DateProperty Type
838 WEST END AVENUE$64,500,00007/31/2018MultiFamily
113 WEST 75TH STREET$5,000,00006/28/2018MultiFamily
6 WEST 75TH STREET$6,500,00006/28/2018MultiFamily
112 WEST 75TH STREET$4,500,00006/28/2018MultiFamily
316 WEST 88TH STREET$8,375,00006/27/2018MultiFamily
314 WEST 92ND STREET$8,900,00006/27/2018MultiFamily
43 WEST 76TH STREET$9,250,00006/19/2018MultiFamily
308 W 90TH STREET$3,900,00006/19/2018MultiFamily
226 WEST 97TH STREET$66,000,00006/15/2018MultiFamily
336 WEST 95TH STREET$30,000,00006/01/2018MultiFamily