101 W 104TH ST New York NY 10025-4269

Marcus & millichap is pleased to exclusively offer the sale of 101 West 104th Street the located on the Upper west Side. Situated on the corner of west 104th street and columbus Avenue, this rare 36-foot-wide free market building contains ten apartments and four stories. 95 feet of retail frontage on Columus Ave and totals 18,838 square feet with 10 residential apartments and 4 commercial spaces. Owned for over 40 years, 101 West 104th Street offers investors a unique opportunity to acquire a free market property with several ways to add value. The average rent in the two-bedroom apartment are well below market at an average of $2,900/month with market comps supporting rents $4,000/month. Unit 1, 10 & 8 will be delivered vacant at closing which allows investors to capitalized and executed on an immediate value-add business plan with a clear path to rental upside. This meticulously maintained property is conveniently located to just two blocks off Central park west, within walking distance to the 130rd Street 1,A,B & C Subway lines & is surrounded by national retailer Such as Whole Foods, Starbucks, Home Goods, Target & Bank of America.

• Business Plan A: Do not change any of the layouts or add units; simply renovate and modernize appliances and common areas
• Business Plan B: All units can accommodate a reconfiguration to add bedrooms catering to students and/or co-living.
• Business Plan C: Apartments 1 and 10 are enormous floor-through units in a 36-foot-wide building and will be delivered vacant. These two units can easily be changed from two apartments to four or even five, which
• allows a buyer to take advantage of a higher rent per square foot market on smaller apartments.
• Business Plan D: Retail Repositioning - All leases are coming due within the next five years allowing for a buyer to increase the rents or vacate all the space and replace them with a national credit tenant.