This landmarked 100+ year old building is on a block known for its sense of community. The Block Association sponsors Planting Parties, Dessert Contests, Bar-B-Qs and a fabulous Halloween Block Party. This wonderful Brownstone home is ideally positioned on the block, allowing for a constant flow of light in every room.
This landmarked 100+ year old building is on a block known for its sense of community. The Block Association sponsors Planting Parties, Dessert Contests, Bar-B-Qs and a fabulous Halloween Block Party. This wonderful Brownstone home is ideally positioned on the block, allowing for a constant flow of light in every room. Direcly across the street sits a charming small church, not a skyscraper thus allowing for a great open exposure and sun filled rooms. The property is 19′×100′. The house was built 55’ deep, and a 12’ extension was added for the entire height of the building, making each floor more than 1000 square feet. Your house has 6 floors: 5 stories and a basement which is in use. Much of the original detail has been preserved: like wood paneling in the vestibule and up the central hallway, fireplaces (not operational) in most major rooms, and a wood ceiling in the master apartment’s dining room. * Obviously, you can configure it other ways. A prior owner had the bottom two floors as one apartment and the first and second floor as a separate apartment. We still have the spiral staircase! DESCRIPTION: 5 story Walk-up with full basement Triplex: Basement, parlor and first floor 3 Floor-throughs: 2nd floor – one bedroom, large bathroom 3rd floor – one bedroom, with sun room 4th floor – two bedroom with sunroom & a skylight Approximately 1000 Sq. feet in each apartment Much of the original custom detail work has been maintained, including wood paneling and mirrors in hallway, and wood ceiling in master apartment’s dining room. Comments: Building in excellent condition; 4 gas boilers & new main water heater; top two apartments have separate water heaters and gas boilers; recent roof upgrade Income: Apartment Rent Lease Expires Owners triplex (value $9000) 2nd floor $3950 Aug 31, 2009 3rd floor $3950 May 31, 2009 4th floor $4475 July 15, 2009 Total Income: $148,500 with owners: $256,500 Expenses:* Tax: $17000 Insurance 4475 Gas/Utility 5500 Maintenance 9950 *estimates Total Expenses: $36,925 NOI: $111,575 with owner’s $219,575 Jerry Cahn is the owner and broker of 129 West 69th Street. Click on brownstonebeauty.com for more info.