119 west 92nd street uws townhouse for sale
119 WEST 92ND STREET UWS TOWNHOUSE FOR SALE 7 APARTMENTS - ALL FREE MARKET FOR SALE Property Information Block / Lot:
1223 / 124
Lot Dimensions:
18’ x 100.67’ (approx.)
Building Dimensions:
18’ x 65’ (approx.)
Stories:
5 (Plus Bsmt. & Penthouse)
Gross Square Footage:
6,426 sq. ft. (approx.)
Units:
7
Zoning / FAR:
R7-2 / 3.44
Lot Area:
1,812 (approx.)
Buildable Sq. Ft
6,233 (approx.)
Available Air Rights:
None
Historic District
No
Assessment (16/17):
$576,201
Taxes (16/17):
$74,232 (Class 2B)
Property Highlights
TENNIS COURTS
W. 96th St
Cushman & Wakefield has been retained on an exclusive basis to arrange for the sale of 119 West 92nd Street, an 18’ wide, 5 story townhouse with a 2 story rear extension and a north facing garden. Located on the north side of West 92nd Street between Columbus and Amsterdam Avenues, the house was completely gut renovated in 1980, maximizing apartment space by creating ground floor-cellar duplexes and penthouse duplexes with private roof terraces.
W. 95th St
Currently the house is configured with 7 rental apartments, all of which are Free Market with leases expiring within the next 12 months. The apartments consist of two ground floor-cellar duplexes, three spacious floor-through 2-bedrooms and two 1-bedroom duplexes. Features include exposed brick walls, tall ceilings with ample loft space, oak parquet flooring, 3 roof decks and a tranquil rear garden. During the prior renovation, ownership removed the front stoop, allowing residents to enter the building at grade. The house is heated by a gas-fired boiler, is individually metered for electric, contains a single house gas meter, and additional amenities for residents include a bike storage room and coin operated laundry in the cellar. The property is built full and lies outside of all the existing Upper West Side Historic Districts.
W. 94th St W. 93rd St
119 West 92nd Street
W. 92nd St W. 91st St Henry J. Browne Bl
W. 90th St
119 West 92nd Street is poised for a purchaser seeking the flexibility of a fully deregulated townhouse with potential to hold for future investment income, convert to live-plus income, or create a stunning single family home. The property will be sold on an “as is” basis.
W. 89th St W. 88th St
Central Park West
W. 87th St
W. 86th St W. 85th St
FOR MORE INFORMATION OR TO SCHEDULE AN INSPECTION, PLEASE CONTACT:
W. 84th St
CAROLINE HANNIGAN Director
TEDDY GALLIGAN Associate Director
(212) 696 2500 x7708
(212) 696 2500 x5137
[email protected]
[email protected]
CASTLE
HAYDEN PLANETA
DELECORTE THEATER
r tD
[email protected]
AM MUS NATURAL H
W. 81st St
(212) 696 2500 x7723
W es
[email protected] W. 82nd St
HALL OSTER Senior Managing Director
Columbus Av
(212) 696 2500 x7710
Broadway
West End Av
Amsterdam Av
JAMES NELSON Executive ViceW. Chairman 83rd St
CHILDREN'S MUSEUM
Allan Poe St
Asking Price: $6,500,000
86th St T r a
Cushman & Wakefield Copyright 2016. No warranty or representation, express or implied, is made to the accuracy or completeness of the information contained herein, and same is submitted subject to errors, omissions, change of price, rental or other conditions, withdrawal without notice, and to any special listing conditions imposed by the property owner(s). As applicable, we make no representation as to the condition of the property (or properties) in question.
W. 80th St
W. 79th St
tT
Cushman & Wakefield 275 Madison Avenue, 3rd Fl. New York, New York 10016 phone: +1 212 696 2500 nyinvestmentsales.com
119 WEST 92ND STREET UWS TOWNHOUSE FOR SALE 7 APARTMENTS - ALL FREE MARKET FOR SALE Revenue: UNIT
SIZE
STATUS
LEASE EXP.
NET SQ. FT. *
MONTHLY RENT
$/NET SQ. FT.
ANNUAL RENT
1
Duplex
FM
9/30/2017
475
$2,100
$53.05
$25,200
2
Duplex
FM
4/30/2017
780
$2,700
$41.54
$32,400
3
2 Bed
FM
12/31/2016
993
$4,100
$49.55
$49,200
4
2 Bed
FM
4/30/2017
887
$3,500
$47.35
$42,000
5
2 Bed
FM
9/30/2017
887
$3,700
$50.06
$44,400
6
Duplex
FM
9/30/2017
569
$3,500
$73.88
$42,000
7
Duplex
FM
3/31/2017
569
$2,200
$46.44
$26,400
5,160
$21,800
$50.70
$261,600
Total Revenue
*Net square footages calculated by assuming 20% loss factor on the first floor and 15% on floors two through five.
Expenses & Investment Value: REVENUE: Gross Monthly Revenue:
$21,800
Gross Annual Revenue:
$261,600
EXPENSES: Real Estate Taxes (16/17):
$74,232
Water & Sewer Charges (2015 Plus 3%):
$3,786
Insurance (Owner Provided):
$7,900
Fuel (Owner Provided):
$5,818
Payroll ($600 / Month)
$7,200
Electric ($.35 PSF):
$2,249
Repairs & Maintenance ($250 / Unit):
$1,750
Management (3% of EGI):
$7,848
Total:
$110,783
Gross Annual Revenue:
$261,600
Less Expenses:
$110,783
Net Operating Income:
$150,817
FOR MORE INFORMATION OR TO SCHEDULE AN INSPECTION, PLEASE CONTACT: JAMES NELSON Executive Vice Chairman
HALL OSTER Senior Managing Director
CAROLINE HANNIGAN Director
TEDDY GALLIGAN Associate Director
(212) 696 2500 x7710
(212) 696 2500 x7723
(212) 696 2500 x7708
(212) 696 2500 x5137
[email protected]
[email protected]
[email protected]
[email protected]
Cushman & Wakefield Copyright 2016. No warranty or representation, express or implied, is made to the accuracy or completeness of the information contained herein, and same is submitted subject to errors, omissions, change of price, rental or other conditions, withdrawal without notice, and to any special listing conditions imposed by the property owner(s). As applicable, we make no representation as to the condition of the property (or properties) in question.
Cushman & Wakefield 275 Madison Avenue, 3rd Fl. New York, New York 10016 phone: +1 212 696 2500 nyinvestmentsales.com
1223 / 124
Lot Dimensions:
18’ x 100.67’ (approx.)
Building Dimensions:
18’ x 65’ (approx.)
Stories:
5 (Plus Bsmt. & Penthouse)
Gross Square Footage:
6,426 sq. ft. (approx.)
Units:
7
Zoning / FAR:
R7-2 / 3.44
Lot Area:
1,812 (approx.)
Buildable Sq. Ft
6,233 (approx.)
Available Air Rights:
None
Historic District
No
Assessment (16/17):
$576,201
Taxes (16/17):
$74,232 (Class 2B)
Property Highlights
TENNIS COURTS
W. 96th St
Cushman & Wakefield has been retained on an exclusive basis to arrange for the sale of 119 West 92nd Street, an 18’ wide, 5 story townhouse with a 2 story rear extension and a north facing garden. Located on the north side of West 92nd Street between Columbus and Amsterdam Avenues, the house was completely gut renovated in 1980, maximizing apartment space by creating ground floor-cellar duplexes and penthouse duplexes with private roof terraces.
W. 95th St
Currently the house is configured with 7 rental apartments, all of which are Free Market with leases expiring within the next 12 months. The apartments consist of two ground floor-cellar duplexes, three spacious floor-through 2-bedrooms and two 1-bedroom duplexes. Features include exposed brick walls, tall ceilings with ample loft space, oak parquet flooring, 3 roof decks and a tranquil rear garden. During the prior renovation, ownership removed the front stoop, allowing residents to enter the building at grade. The house is heated by a gas-fired boiler, is individually metered for electric, contains a single house gas meter, and additional amenities for residents include a bike storage room and coin operated laundry in the cellar. The property is built full and lies outside of all the existing Upper West Side Historic Districts.
W. 94th St W. 93rd St
119 West 92nd Street
W. 92nd St W. 91st St Henry J. Browne Bl
W. 90th St
119 West 92nd Street is poised for a purchaser seeking the flexibility of a fully deregulated townhouse with potential to hold for future investment income, convert to live-plus income, or create a stunning single family home. The property will be sold on an “as is” basis.
W. 89th St W. 88th St
Central Park West
W. 87th St
W. 86th St W. 85th St
FOR MORE INFORMATION OR TO SCHEDULE AN INSPECTION, PLEASE CONTACT:
W. 84th St
CAROLINE HANNIGAN Director
TEDDY GALLIGAN Associate Director
(212) 696 2500 x7708
(212) 696 2500 x5137
[email protected]
[email protected]
CASTLE
HAYDEN PLANETA
DELECORTE THEATER
r tD
[email protected]
AM MUS NATURAL H
W. 81st St
(212) 696 2500 x7723
W es
[email protected] W. 82nd St
HALL OSTER Senior Managing Director
Columbus Av
(212) 696 2500 x7710
Broadway
West End Av
Amsterdam Av
JAMES NELSON Executive ViceW. Chairman 83rd St
CHILDREN'S MUSEUM
Allan Poe St
Asking Price: $6,500,000
86th St T r a
Cushman & Wakefield Copyright 2016. No warranty or representation, express or implied, is made to the accuracy or completeness of the information contained herein, and same is submitted subject to errors, omissions, change of price, rental or other conditions, withdrawal without notice, and to any special listing conditions imposed by the property owner(s). As applicable, we make no representation as to the condition of the property (or properties) in question.
W. 80th St
W. 79th St
tT
Cushman & Wakefield 275 Madison Avenue, 3rd Fl. New York, New York 10016 phone: +1 212 696 2500 nyinvestmentsales.com
119 WEST 92ND STREET UWS TOWNHOUSE FOR SALE 7 APARTMENTS - ALL FREE MARKET FOR SALE Revenue: UNIT
SIZE
STATUS
LEASE EXP.
NET SQ. FT. *
MONTHLY RENT
$/NET SQ. FT.
ANNUAL RENT
1
Duplex
FM
9/30/2017
475
$2,100
$53.05
$25,200
2
Duplex
FM
4/30/2017
780
$2,700
$41.54
$32,400
3
2 Bed
FM
12/31/2016
993
$4,100
$49.55
$49,200
4
2 Bed
FM
4/30/2017
887
$3,500
$47.35
$42,000
5
2 Bed
FM
9/30/2017
887
$3,700
$50.06
$44,400
6
Duplex
FM
9/30/2017
569
$3,500
$73.88
$42,000
7
Duplex
FM
3/31/2017
569
$2,200
$46.44
$26,400
5,160
$21,800
$50.70
$261,600
Total Revenue
*Net square footages calculated by assuming 20% loss factor on the first floor and 15% on floors two through five.
Expenses & Investment Value: REVENUE: Gross Monthly Revenue:
$21,800
Gross Annual Revenue:
$261,600
EXPENSES: Real Estate Taxes (16/17):
$74,232
Water & Sewer Charges (2015 Plus 3%):
$3,786
Insurance (Owner Provided):
$7,900
Fuel (Owner Provided):
$5,818
Payroll ($600 / Month)
$7,200
Electric ($.35 PSF):
$2,249
Repairs & Maintenance ($250 / Unit):
$1,750
Management (3% of EGI):
$7,848
Total:
$110,783
Gross Annual Revenue:
$261,600
Less Expenses:
$110,783
Net Operating Income:
$150,817
FOR MORE INFORMATION OR TO SCHEDULE AN INSPECTION, PLEASE CONTACT: JAMES NELSON Executive Vice Chairman
HALL OSTER Senior Managing Director
CAROLINE HANNIGAN Director
TEDDY GALLIGAN Associate Director
(212) 696 2500 x7710
(212) 696 2500 x7723
(212) 696 2500 x7708
(212) 696 2500 x5137
[email protected]
[email protected]
[email protected]
[email protected]
Cushman & Wakefield Copyright 2016. No warranty or representation, express or implied, is made to the accuracy or completeness of the information contained herein, and same is submitted subject to errors, omissions, change of price, rental or other conditions, withdrawal without notice, and to any special listing conditions imposed by the property owner(s). As applicable, we make no representation as to the condition of the property (or properties) in question.
Cushman & Wakefield 275 Madison Avenue, 3rd Fl. New York, New York 10016 phone: +1 212 696 2500 nyinvestmentsales.com
