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34269975
34269976

23 West 69th Street, New York City, NY 10023-4701

RP
NY 10401218376
Leslie Garfield
Leslie J Garfield
Leslie J Garfield
Listed by Leslie Garfield, Leslie J Garfield
$7,950,000
1 day on market
Updated 1 day ago

23 West 69th Street

Details
Property Type Multifamily
Sub Type Apartment Building
Square Footage 6,476
Units 5
Cap Rate 3.41%
NOI $270,944
Tenancy Multi
Pro-Forma Cap Rate 3.73%
Pro-Forma NOI $296,804
Price per SqFt $1,228
Year Built 1892
Stories 5
Acreage 0.050
Zoning R8B
Investment Type Owner/User

Multifamily | 3.41% CAP | 5 Units

Marketing description

Currently configured as a five-unit elevatored income-producing property, 23 West 69th Street also offers the opportunity to create a grand seven-story single-family residence. DOB-approved plans envision six bedrooms, a garden-level roof deck, a finished spa basement with pool, and a striking rear wall of glass. In its existing layout, three of the five apartments enjoy private outdoor space, complemented by five decorative fireplaces and a commercial-grade elevator. Surrounded by low-rise, landmarked townhouses, the home benefits from exceptional natural light.

Built circa 1892 by noted architect Gilbert A. Schellenger, this 20-foot-wide townhouse is ideally situated on a prime Central Park block on Manhattan's Upper West Side, moments from Sheep Meadow and Tavern on the Green, within the Upper West Side-Central Park West Historic District. The property is also close to Lincoln Center, the Metropolitan Opera, Juilliard, LaGuardia High School of Music & Art and Performing Arts, Fordham University, and Columbus Circle, home to Jazz at Lincoln Center and some of the neighborhood's finest dining and shopping.

As a rental asset, the building offers a strong rent roll and consistently low vacancy. Alternatively, it presents flexibility as a live/work residence or an owner's home with supplemental income. Comprising a collection of well-proportioned duplex and triplex apartments in a serene, picturesque setting, this is a rare and compelling opportunity.

Listing Contacts

RP
NY 10401218376
Leslie Garfield
Leslie J Garfield
Leslie J Garfield
Listed by Leslie Garfield, Leslie J Garfield

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Loan Amount
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Annual Debt Service
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Annual Cash Flow
$270,944.00
$22,578.67/mo

Valuation Metrics

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DSCR
3.41%
Cap Rate
3.41%
ROI

Map

Zoning

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R8B ResidentialTwo FamilyGeneral Residence
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Property History

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