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Townhouse for Jonh75

Started by inonada
almost 13 years ago
Posts: 7952
Member since: Oct 2008
Discussion about
Continuing the conversation from this thread: http://streeteasy.com/nyc/talk/discussion/33651-salary Here's a nice townhouse that would fit your bill. It's on 71st, close to Riverside Park. 5000 sq ft plus basement, 6 bedrooms. Asking $19K, maybe you can knock it down to $17K. Been rented for at least the last 4 years, seems to be seeking a long-term tenant. And if you're into provenance, claims to be Emery Roth's first NYC commission. http://streeteasy.com/nyc/rental/1002940-townhouse-312-west-71st-street-lincoln-square-new-york
Response by John75
almost 13 years ago
Posts: 88
Member since: Nov 2011

Ino,

Nice find! How much do you think it costs a comparable TH? Would it be cheaper to rent at that price level? This TH does look interesting indeed - I will make sure to do my homework when I am ready to trade up. Thanks again.

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Response by nyc10023
almost 13 years ago
Posts: 7614
Member since: Nov 2008

J75: 313W71 is also a long-term rental at this point.

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Response by John75
almost 13 years ago
Posts: 88
Member since: Nov 2011

My only reservation of course is the thought that I would eventually have to move my family so I feel a little uneasy about it. As long as the numbers work though I would be willing to give it a shot since I would be saving a substantial amount that I would use as a down payment....

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Response by John75
almost 13 years ago
Posts: 88
Member since: Nov 2011

I have actually been following this TH, a little further up but comparable to the one on riverside::

http://streeteasy.com/nyc/sale/697137-townhouse-129-west-94-upper-west-side-new-york

Nothing to go crazy about, it stands out because there is not much inventory on the market. It seems that the rental market offers more interesting options at this time...

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Response by 300_mercer
almost 13 years ago
Posts: 10577
Member since: Feb 2007

John, I always wondered how potential buyers of the narrow townhouses think of the wasted space due to exterior walls as a percentage of totoal space. For 18 foot wide, it only leaves 16 foot and on top of that, you have staircase and hallway leaving barely 11-12 foot in places.

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Response by greensdale
almost 13 years ago
Posts: 3804
Member since: Sep 2012

And with the rise in obesity, these narrow townhouses are no longer suitable.

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Response by inonada
almost 13 years ago
Posts: 7952
Member since: Oct 2008

John75, the resident expert here on UWS TH prices is nyc10023. I'd guess $6M.

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