54 West 88th Street New York, NY 10024

$6,995,000 12 Bedrooms9 Full Baths

54 West 88th Street

 
Total # of Rooms: 16
Web #: 01311059
Huge income on 5 unit townhouse:

333,600 now

375,000 next year

3.65 cap rate now

4.14 cap rate next year

Low taxes

Ideally located just off Central Park on a beautiful tree-lined Upper West Side block , this versatile 20 foot wide town home features over 6000 square feet and perfect for a live/work situation , live in a spectacular fully renovated Owners 4 bedroom ,3 bath 2500 sf Spectacular duplex apartment with south facing landscaped garden, wood- burning fireplace in living room ,chefs kitchen w top of the line stainless appliances , laundry room PLUS 12k monthly income from 4 other units, or eventually convert to a single family home. The house currently brings in $333,600.Next year income will be 370,000

Currently configured as a 5 family building plus a full basement there is a 2- 2 bedroom units ( 1 with South facing Terrace) and 2- 1 bedroom units , soaring ceilings, amazing natural light from north and south and extra storage in basement .Located on a beautiful Park block that is mostly owner occupied with many Private single family homes on the street . Steps to the B,C train , Trader Joe’s and Whole Foods . A true find

Configuration:

Basement- Mechanicals and large storage

Garden/ Parlor floor unit- Spectacular all new 2500 SF 4bedroom, 3 bath Owners Duplex apartment with South facing landscaped garden renting at 15,500 a month

Third floor front- 1-bedroom apt renting at 800.00 per month Third Floor rear - Main level of renovated 2 bed 2 bath duplex apartment w South Facing Terrace ,washer dryer in unit, hardwood floors renting at 4800.00 per month

Fourth floor front - Renovated 1 bedroom apartment with dishwasher and hardwood floors renting at 2600.00 per month Fourth floor rear Upper level of 2 bed 2 bath Duplex-

Fifth Floor renovated 2 bed , 2 bath plus home office floor through apartment with dishwasher and washer dryer in unit with hardwood floors renting at 4350.00 per month

Offered at $6.995M


 
Michael Sieger

Senior Global Real Estate Advisor, Associate Broker
m: (917) 533-8599
o: (212) 579-9300

agent-pic
Lars Klingstedt

Licensed Salesperson
m: (917) 301-8604
o: (212) 579-9300

agent-pic
 
mes1448236800

Interior Features

Total Rooms
# of Rooms: 16
Bedroom Information
# of Bedrooms: 12
Bathroom Information
# of Full Bathrooms: 9

Exterior Features

Type of Property
Townhouse
This material is based upon information which we consider reliable, but because it has been supplied by third parties, we cannot represent that it is accurate or complete, and it should not be relied upon as such. This offering is subject to errors, omissions, changes including price or withdrawal without notice. EQUAL HOUSING OPPORTUNITY