Upper West Side Multifamily Building for Sale, ONE Commercial Retained Exclusively

NEW YORK, NY – April 13, 2018 

ONE Commercial Realty Services has been retained on an exclusive basis for the sale of 22 West 90th Street in Manhattan. The subject premises is a 20’ wide brownstone located on the south side of West 90th Street between Central Park West (CPW) and Columbus Avenue. The nine (9) unit multifamily building was recently gut renovated with top-of-the-line finishes, including new kitchens, bathrooms, wood-flooring and recessed lighting. The building is being sold with eight (8) free market apartments and one (1) rent stabilized unit located on the first floor. Of the nine (9) apartments, one (1) is a studio, five (5) are one-bedrooms, and three (3) are twobedrooms. All of the units are individually metered for electric and gas. The property also maintains original details such as wood-work from the early 20th Century and charming, decorative fireplaces that a homebuyer would fall in love with.

The Jacqueline Kennedy Onassis Reservoir can be viewed from the approximate 587 SF penthouse pop-up with your own outdoor space. The townhouse, built circa 1892 in the Renaissance Revival style with Northern Renaissance elements, is just steps away from Central Park and is adjacent to The Eldorado twintowered luxury housing cooperative. The breathtaking tree-lined street is surrounded by private schools such as Columbia Grammar & Preparatory School, Dwight School and Trevor Day Lower School. 22 West 90th Street represents an opportunity for end-users and investors alike, with gut renovated townhouses in the area selling out in excess of $2,100/SF. In addition to being able to convert this into a dream home in the prime Upper West Side neighborhood, the property also represents a live plus income opportunity.

The trophy asset has upside in the rents and intrinsic value with an entrance to Central Park on West 90th Street and CPW. New developments that will further enhance the Upper West Side include Extell Development’s more than 200,000 BSF project at 262 West 96th Street and Certes Partners and United Management’s 19-story condominium project at 212 West 95th Street. The property also benefits from its proximity to the B and C subway lines on 86th and 96th Streets on CPW, as well as many bus routes that canvass the area.

 

About ONE Commercial

Powered by a highly skilled team, ONE Commercial is one of New York’s preeminent full-service commercial real estate firms, priding itself in providing best in class services to our clients on a consistent basis and is one of the preferred brokerage throughout New York City. With localized knowledge of each of New York City’s geographic areas, our professional brokers provide very specific market knowledge and industry expertise to investors and owners alike. As a result, we achieve superior results for our clients.