Living / Multi-housing

158 West 84th Street

158 W 84th St, New York, NY, 10024-4623, US

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Asset description

JLL has been retained on an exclusive basis to arrange for the sale of 158 West 84th Street, a 29’ wide, 5-story walk-up with usable basement space located on the south side of West 84th Street between Columbus and Amsterdam Avenues. The property represents an ideal value-add opportunity for an investor to renovate the Free Market apartments, as well as improve the building’s common areas.


The building is configured as 20 apartments, consisting of 3 Rent Stabilized units, 1 Rent Controlled Unit, and 16 Free Market units. The units consist of 4 studio apartments, 6 one-bedroom apartments, 8 two-bedroom apartments, 3 three-bedroom apartment, and 1 four-bedroom apartment. The ground floor apartments (1B and 1C) have been combined with the cellar to create duplexes with private yards.


The property features 6 floors of living space, generous ceilings heights, on-site laundry facilities, live-in super in a free basement unit, gracious layouts with ample storage and closets, hardwood floors, and a rear patio.


In addition to the residential rental income, the property also benefits from ancillary income derived from a third-party WiFi installation on the roof. 158 West 84th Street will appeal to an array of purchasers interested in acquiring a predominantly free market, value-add multi family building in an ideal Upper West Side location, just steps from the American Museum of Natural Histroy and Central Park.


The property will be sold on an as-is, where-is, basis.

Attributes

Asking Price
$7,950,000
Occupancy
100.00%
Year built
1900
Building area gross
10,595 sf
Tenure
Freehold

Investment highlights

Value-Add Opportunity

Predominantly Free-Market (80%)

Diverse Unit Mix

On-Site Laundry and Live-In Super

Additional income from Laundry and Wifi contracts

Steps from Central Park

Contact brokers

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Last updated
Aug 11, 2022