110 West 69th Street Setup - Massey Knakal
48.5’ Wide Elevator Apartment Building
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.
110 West 69th Street New York, NY 9 Story Elevator Building For Sale 36 Residential Units – 30,159 SF FOR SALE Building Features Block / Lot
1140 / 37
Lot Dimensions
48.5’ x 100.42’
Lot SF
4,870 (Approx.)
Building Dimensions
48.5’ x 83’ (Approx.)
Gross Sq. Ft.
30,159 (Per DOF)
Zoning / FAR
R8B / 4.0
Historic District
Upper West Side/Central Park West
Air Rights
None, Overbuilt
Taxes (16/17)
$257,820 (Tentative)
Property Description & Highlights Cushman & Wakefield has been retained on an exclusive basis to arrange for the sale of 110 West 69th Street, a trophy 48.5’ wide, 9 story, pre-war elevator apartment building containing 36 spacious apartments and situated at the epicenter of one of the world’s great cultural locations on New York City’s Upper West Side. Owned by the same family for over 40 years and located on a bucolic tree-lined block just steps from Central Park, 110 West 69 th Street’s immediate neighbors include Lincoln Center for the Performing Arts and the posh, high-end retail corridors of Columbus Avenue and Broadway. Of the 36 apartments, 27 are free-market or vacant (2 are vacant), affording a variety of value-add scenarios for conversion to a luxury rental or condominium. Constructed in 1924 in the Neo-Renaissance style, 110 West 69th Street possesses the old-world charm of a classic New York pre-war apartment building with a full, doubleheight basement, two elevators (passenger and freight), and dual interior staircases with each unit having both a main entrance door and service entrance.
Tax Map
Two of the ground-floor units have been elegantly renovated and duplexed to the basement, each with its own private outdoor garden space. The other 34 apartments are currently laid out as large onebedrooms, but could easily be converted to two-bedroom units or combined for larger family-size dwellings. Current in-place rents average approximately $44.69 per net rentable SF, roughly 45% below market. 110 West 69th Street represents a rare opportunity to purchase a boutique world-class multi-family trophy with substantial value-add possibilities situated in one of New York City’s most desirable locations. Co-brokers are invited, and our commission payable by written agreement with the seller shall be split 50-50 with the cooperating broker who signs our brokerage agreement and procures a purchaser in accordance with the provisions therewith.
Asking Price: $29,000,000
For More Information, Please Contact: Paul Smadbeck Senior Managing Director (212) 696 2500 x7760 [email protected]
Hall Oster Senior Managing Director (212) 696 2500 x7723 [email protected]
Teddy Galligan Associate Director (212) 696 2500 x5137 [email protected]
Conrad Martin Associate Director (212) 696 2500 x8175 [email protected]
Bryan Smadbeck Senior Associate (212) 696 2500 x5169 [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, Cushman & wakefield copyright 2015. or Noother warranty or representation, express or implied, made thespecial accuracy or completeness of the information containedowner(s). herein, andAs same is submitted to errors, omissions,as change price, omissions, change of price, rental conditions, withdrawal without notice,isand to to any listing conditions imposed by the property applicable, we subject make no representation to theofcondition rental 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. of theorproperty (or properties) in question.
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.
110 West 69th Street New York, NY 9 Story Elevator Building For Sale 36 Residential Units – 30,159 SF FOR SALE Building Features Block / Lot
1140 / 37
Lot Dimensions
48.5’ x 100.42’
Lot SF
4,870 (Approx.)
Building Dimensions
48.5’ x 83’ (Approx.)
Gross Sq. Ft.
30,159 (Per DOF)
Zoning / FAR
R8B / 4.0
Historic District
Upper West Side/Central Park West
Air Rights
None, Overbuilt
Taxes (16/17)
$257,820 (Tentative)
Property Description & Highlights Cushman & Wakefield has been retained on an exclusive basis to arrange for the sale of 110 West 69th Street, a trophy 48.5’ wide, 9 story, pre-war elevator apartment building containing 36 spacious apartments and situated at the epicenter of one of the world’s great cultural locations on New York City’s Upper West Side. Owned by the same family for over 40 years and located on a bucolic tree-lined block just steps from Central Park, 110 West 69 th Street’s immediate neighbors include Lincoln Center for the Performing Arts and the posh, high-end retail corridors of Columbus Avenue and Broadway. Of the 36 apartments, 27 are free-market or vacant (2 are vacant), affording a variety of value-add scenarios for conversion to a luxury rental or condominium. Constructed in 1924 in the Neo-Renaissance style, 110 West 69th Street possesses the old-world charm of a classic New York pre-war apartment building with a full, doubleheight basement, two elevators (passenger and freight), and dual interior staircases with each unit having both a main entrance door and service entrance.
Tax Map
Two of the ground-floor units have been elegantly renovated and duplexed to the basement, each with its own private outdoor garden space. The other 34 apartments are currently laid out as large onebedrooms, but could easily be converted to two-bedroom units or combined for larger family-size dwellings. Current in-place rents average approximately $44.69 per net rentable SF, roughly 45% below market. 110 West 69th Street represents a rare opportunity to purchase a boutique world-class multi-family trophy with substantial value-add possibilities situated in one of New York City’s most desirable locations. Co-brokers are invited, and our commission payable by written agreement with the seller shall be split 50-50 with the cooperating broker who signs our brokerage agreement and procures a purchaser in accordance with the provisions therewith.
Asking Price: $29,000,000
For More Information, Please Contact: Paul Smadbeck Senior Managing Director (212) 696 2500 x7760 [email protected]
Hall Oster Senior Managing Director (212) 696 2500 x7723 [email protected]
Teddy Galligan Associate Director (212) 696 2500 x5137 [email protected]
Conrad Martin Associate Director (212) 696 2500 x8175 [email protected]
Bryan Smadbeck Senior Associate (212) 696 2500 x5169 [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, Cushman & wakefield copyright 2015. or Noother warranty or representation, express or implied, made thespecial accuracy or completeness of the information containedowner(s). herein, andAs same is submitted to errors, omissions,as change price, omissions, change of price, rental conditions, withdrawal without notice,isand to to any listing conditions imposed by the property applicable, we subject make no representation to theofcondition rental 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. of theorproperty (or properties) in question.
