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12 West 104th Street

Central Park West and Manhattan Avenue
Townhouse
$3,700,000

This home has been sold

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Subway Lines
Subway number B Subway number C
Nearby Subway Stations
Subway number B Central Park West - 103rd St
Subway number C Central Park West - 103rd St
Essentials
Price $3,700,000
Type Townhouse
Units 15
Floors 5
Bedrooms 17
Bathrooms 16
Rooms 34

Ivy League Investment! This 16 unit, residential building, is a superb investment property that is well located just off Central Park West. This turn of the century apartment house benefits from the demand for housing in the Columbia University sphere of influence. You'll immediately notice how clean and well taken care of the property is. It features 11 renovated free market units, and 5 rent stabilized ones; leaving good opportunity for future increases in the rent roll. It is a five story walk-up building of approximately 10,085 square feet. The building is free standing and surrounded by the West 104 St Community Garden, which not only adds to the aesthetics of the site, but also allow sunlight to flood every floor. This creates very desirable rental product, with a low vacancy rate. Its Central Park location, is adjacent to the most sought after amenity in the city. Generating income of over $344K per year, it returns a handsome annual profit. This is a solid asset for the investor seeking to diversify and hedge against financial market volatility, with exposure to the Manhattan residential rental market. It is offered with a cap rate of 5.4% and terrific upside potential.

Agent
Upper West Side
Living in the Upper West Side
The tree-lined side streets of the Upper West Side have a laid back residential feel that can make you feel you've left the city. Some of the blocks in this neighborhood are considered some of the most beautiful in New York and with good reason.
Explore Upper West Side

This home has been sold

12 West 104th Street
Central Park West and Manhattan Avenue
Townhouse
Essentials
Price $3,700,000
Type Townhouse
Units 15
Floors 5
Bedrooms 17
Bathrooms 16
Rooms 34

Ivy League Investment! This 16 unit, residential building, is a superb investment property that is well located just off Central Park West. This turn of the century apartment house benefits from the demand for housing in the Columbia University sphere of influence. You'll immediately notice how clean and well taken care of the property is. It features 11 renovated free market units, and 5 rent stabilized ones; leaving good opportunity for future increases in the rent roll. It is a five story walk-up building of approximately 10,085 square feet. The building is free standing and surrounded by the West 104 St Community Garden, which not only adds to the aesthetics of the site, but also allow sunlight to flood every floor. This creates very desirable rental product, with a low vacancy rate. Its Central Park location, is adjacent to the most sought after amenity in the city. Generating income of over $344K per year, it returns a handsome annual profit. This is a solid asset for the investor seeking to diversify and hedge against financial market volatility, with exposure to the Manhattan residential rental market. It is offered with a cap rate of 5.4% and terrific upside potential.

Upper West Side
Living in the Upper West Side
The tree-lined side streets of the Upper West Side have a laid back residential feel that can make you feel you've left the city. Some of the blocks in this neighborhood are considered some of the most beautiful in New York and with good reason.
Explore Upper West Side
Subway Lines
Subway number B Subway number C
Nearby Subway Stations
Subway number B Central Park West - 103rd St
Subway number C Central Park West - 103rd St