Listed by Leslie Garfield, Leslie J Garfield
$6,125,000
306 West 78th Street
Details
Property Type Multifamily
Sub Type Apartment Building
Square Footage 5,648
Units 4
NOI $260,083
Stories 5
Multifamily | 4 Units
Marketing description
Originally built in 1895 by architect J.W. Davison, 306 West 78th Street is the third in a series of four townhouses designed in the Renaissance Revival style. The 18-foot-wide property comprises a modern, light-filled, and spacious owner’s duplex, plus seven additional rental units. The home offers approximately 5,648 square feet of interior space. 306 West 78th Street provides exceptional flexibility and optionality, given the building’s strong rent roll and a renovated owner’s unit of with generous outdoor
space. The property is ideal for conversion to a single-family residence, use by a live-in owner seeking to offset expenses with rental income, or acquisition by an investor completing a tax-free exchange. Located on a picturesque tree-lined block just steps from Riverside Park, 306 West 78th Street is close to top Manhattan schools, acclaimed restaurants, vibrant retail, and premier cultural institutions—capturing the essence of Upper West Side living
Investment highlights
Owners Duplex, South Facing Garden, Live with Income, Prewar, Fireplace
Listing Contacts
Listed by Leslie Garfield, Leslie J Garfield
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$260,083.00
$21,673.58/mo
Valuation Metrics
0
DSCR
4.25%
Cap Rate
4.25%
ROI
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