246 West 73rd St. BUILDING

Located between Broadway and West End Avenue, the offering consists of a five-story townhouse with five studios, two one-bedroom, and four two-bedroom apartments. The property has a gross square footage of approximately 8,601 square feet and is situated ona lot built 25 feet by 102 feet (Block: 01164, Lot: 0050). The property is zoned R8B. This is a rare opportunity to acquire a 25-foot wide multifamily property on a high-end, primarily residential street with easy access to coveted retail corridors.

246 West 73rd Street is offered at $1,145 per square foot. This opportunity offers investors the chance to own a five-story townhouse on a beautiful, classic Upper West Side clock with the potential for conversion to a large sign family townhome in the future. With three rent stabilized, one rent controlled and seven free market units collecting below market rents, this property provides investors ample rental upside to execute on with a cash flow perspective. In addition, the future owner can combine all of the deregulated units on the first floor to create an excellent live plus income opportunity with access to a backyard garden.

Highlights: