48 west 85th street
Upper West Side – 20’ Wide Townhouse Delivered Vacant
Exclusive Offering Memorandum
48 WEST 85TH STREET
Karlene Channer Senior Executive Assistant [email protected] 646.658.7332
Property Highlights • Elegant Brownstone Steps from Central Park on Manhattan’s Upper West Side • Currently Configured as a Two-Family Townhouse: A 5-Bedroom/4-Bath Unit and a Garden Level 1-Bedroom/2-Bath, Easily Convertible to a Single Family Brownstone Without Needing a C of O Amendment • Outdoor Spaces Include Two Terraces and a Beautifully Landscaped South Garden • Tremendous Opportunity for Single Family Residential Conversion 2 48 West 85th Street
Property Highlights
Executive Summary As exclusive sales agent, Eastern Consolidated is pleased to present an exceptional townhouse located at 48 W. 85th Street (the “Property”). This 20-foot wide, 5-story, ±7,700 square foot brownstone is currently configured as two residential units consisting of a 5-bedroom/4-bath unit with three outdoor spaces on the parlor level through 5th floor (plus a cellar level) and a 1-bedroom/2-bath unit with a separate entrance from the street on the garden level also with garden access. The Property is located on a lovely tree-lined block on the south side of W. 85th Street between Central Park West and Columbus Avenue and is situated in the exclusive Upper West Side-Central Park West Historic District. The existing structure is configured as a legal multi-family townhouse consisting of a separate 1 bedroom/2 bathroom garden apartment on the English basement level and the principal residence comprising the cellar, parlor level, third, fourth and fifth floors containing 5-bedrooms/4-bathrooms also with garden access. Constructed in 1886 for a member of the prominent Lehman family, existing amenities feature beautiful original detailing, museum-quality restoration and the entire principal residence is exquisitely furnished with 19th and 20th century art and furniture. The residence offers tremendous detailing such as inlayed wood floors in many rooms, gorgeous banisters and ornate ceiling designs. The garden level 1 bedroom apartment has been completely renovated with modern finishes. All floors feature high ceiling heights ranging from ±12’ on the parlor level to ±10’ on the fifth floor. The Property features a beautifully landscaped south garden at the rear of the building which can be accessed by both residential units, a terrace on the parlor level directly off of the formal dining room and kitchen and a fourth floor rear terrace. The building’s HVAC systems have been updated in a previous renovation including central air installed throughout. The offering presents a rare opportunity to acquire a landmarked park-block brownstone on the prestigious Upper West Side. Vacant delivery at closing allows for users or investors to immediately pursue redevelopment as a single family residence or for continued use as a two-unit townhouse.
Address Location Block/Lot Lot Dimensions Lot Area Building Area Stories (As Built)
48 West 85th Street, New York, NY
Zoning
R8B
FAR
4.0
Unused Development Rights
472 square feet (Estimated)
Historic District
Upper West Side-Central Park West Historic District
Transportation
The Property is conveniently located in close proximity to multiple mass transit options:
Real Estate Taxes (17/18)
$52,993
Building Systems
The building is heated by a gas boiler located in the cellar level. Property features 4 high end Mitsubishi central air conditioning units allowing for individual controls All windows above the parlor floor are tilt and turn windows which are extremely easy to use and clean
Asking Price
$12,200,000
South side of W. 85th Street between Central Park West and Columbus Avenue 1198 / 51 ±20’ x ±102.17’ ±2,043 square feet 7,700 square feet (all levels) 5
• • • •
Zoning Floor Area
8,172 square feet
1.5 short blocks to the B C subway at 86th Street Station (Central Park West & W. 86th Street) 3.5 short blocks to the 1 subway at 86th Street Station (Broadway & W. 86th Street) Within 1 block of the M86-SBS Bus (W. 86th Street & Central Park West) Within 1 block of the M10 Bus (W. 86th Street & Central Park West)
$1,584 PSF
3 48 West 85th Street
Executive Summary
Formal Dining Room - With Doors Leading to Parlor Level Terrace
Formal Parlor Level - With Doors Leading to Parlor Level Terrace 4 48 West 85th Street
Kitchen Parlor Level
English Basement/Garden Level - Facing Rear Garden
Bedroom - Garden Level 5 48 West 85th Street
En Suite Bathroom Garden Level
Exclusive Offering Memorandum
48 WEST 85TH STREET
Karlene Channer Senior Executive Assistant [email protected] 646.658.7332
Property Highlights • Elegant Brownstone Steps from Central Park on Manhattan’s Upper West Side • Currently Configured as a Two-Family Townhouse: A 5-Bedroom/4-Bath Unit and a Garden Level 1-Bedroom/2-Bath, Easily Convertible to a Single Family Brownstone Without Needing a C of O Amendment • Outdoor Spaces Include Two Terraces and a Beautifully Landscaped South Garden • Tremendous Opportunity for Single Family Residential Conversion 2 48 West 85th Street
Property Highlights
Executive Summary As exclusive sales agent, Eastern Consolidated is pleased to present an exceptional townhouse located at 48 W. 85th Street (the “Property”). This 20-foot wide, 5-story, ±7,700 square foot brownstone is currently configured as two residential units consisting of a 5-bedroom/4-bath unit with three outdoor spaces on the parlor level through 5th floor (plus a cellar level) and a 1-bedroom/2-bath unit with a separate entrance from the street on the garden level also with garden access. The Property is located on a lovely tree-lined block on the south side of W. 85th Street between Central Park West and Columbus Avenue and is situated in the exclusive Upper West Side-Central Park West Historic District. The existing structure is configured as a legal multi-family townhouse consisting of a separate 1 bedroom/2 bathroom garden apartment on the English basement level and the principal residence comprising the cellar, parlor level, third, fourth and fifth floors containing 5-bedrooms/4-bathrooms also with garden access. Constructed in 1886 for a member of the prominent Lehman family, existing amenities feature beautiful original detailing, museum-quality restoration and the entire principal residence is exquisitely furnished with 19th and 20th century art and furniture. The residence offers tremendous detailing such as inlayed wood floors in many rooms, gorgeous banisters and ornate ceiling designs. The garden level 1 bedroom apartment has been completely renovated with modern finishes. All floors feature high ceiling heights ranging from ±12’ on the parlor level to ±10’ on the fifth floor. The Property features a beautifully landscaped south garden at the rear of the building which can be accessed by both residential units, a terrace on the parlor level directly off of the formal dining room and kitchen and a fourth floor rear terrace. The building’s HVAC systems have been updated in a previous renovation including central air installed throughout. The offering presents a rare opportunity to acquire a landmarked park-block brownstone on the prestigious Upper West Side. Vacant delivery at closing allows for users or investors to immediately pursue redevelopment as a single family residence or for continued use as a two-unit townhouse.
Address Location Block/Lot Lot Dimensions Lot Area Building Area Stories (As Built)
48 West 85th Street, New York, NY
Zoning
R8B
FAR
4.0
Unused Development Rights
472 square feet (Estimated)
Historic District
Upper West Side-Central Park West Historic District
Transportation
The Property is conveniently located in close proximity to multiple mass transit options:
Real Estate Taxes (17/18)
$52,993
Building Systems
The building is heated by a gas boiler located in the cellar level. Property features 4 high end Mitsubishi central air conditioning units allowing for individual controls All windows above the parlor floor are tilt and turn windows which are extremely easy to use and clean
Asking Price
$12,200,000
South side of W. 85th Street between Central Park West and Columbus Avenue 1198 / 51 ±20’ x ±102.17’ ±2,043 square feet 7,700 square feet (all levels) 5
• • • •
Zoning Floor Area
8,172 square feet
1.5 short blocks to the B C subway at 86th Street Station (Central Park West & W. 86th Street) 3.5 short blocks to the 1 subway at 86th Street Station (Broadway & W. 86th Street) Within 1 block of the M86-SBS Bus (W. 86th Street & Central Park West) Within 1 block of the M10 Bus (W. 86th Street & Central Park West)
$1,584 PSF
3 48 West 85th Street
Executive Summary
Formal Dining Room - With Doors Leading to Parlor Level Terrace
Formal Parlor Level - With Doors Leading to Parlor Level Terrace 4 48 West 85th Street
Kitchen Parlor Level
English Basement/Garden Level - Facing Rear Garden
Bedroom - Garden Level 5 48 West 85th Street
En Suite Bathroom Garden Level
