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131 West 77th St., New York, NY 10024

$9,400,000
Listing Details:
$9,400,000 Price
Townhouse Property Type
Upper West Side Neighborhood
8 Beds
6.5 Baths
6,500 Approx. Sq. Ft.
$7,213 RET
Key Features:
Prewar
Laundry
Allows Pets
Unit Garden
Description:

LIVE LARGE PLUS AMPLE INCOME. With massive curb appeal, this 20-foot-wide Queen Anne-Romanesque style four family home replete with original details is a unique find in a prime Upper West Side location near 77th Street and Columbus Avenue. Available for the first time in 20 years, the approximately 6500 SF home consists of 4 units (all free market): a large renovated owner’s duplex apartment with garden, a 2 bedroom floor though apartment and two 3 bedroom triplex units.

The owner's garden/parlor floor duplex is spectacularly renovated and over 3000 SF. Modern touches blend graciously alongside a restored original prewar aesthetic. The parlor floor showcases 11-foot ceilings, has three exposures and is home to a library (or 4th bedroom), living room and the master bedroom. A long gallery and wet bar here are perfect for grand scale entertaining. The oversized master with en suite windowed bathroom is cleverly arranged in the building's extension and is exceedingly quiet. Downstairs, a renovated kitchen with island is finished in marble and accompanied by Viking and Subzero appliances. The kitchen is anchored by a separate dining room, front garden/mud room entrance and a spacious media room for intimate gatherings. There are two additional bedrooms on this level and access to a lush private garden. The owner's duplex is outfitted with Central AC.

From the 3rd Floor to the 6th Floor are three rental units. Each unit has 2 or 3 bedrooms and distinctive private outdoor space of its own. Highly sought after rentals, each has commanded a rent of +/-$6000 or more for the previous 10 years with little to no vacancy. A new owner can continue to collect upwards of $20,000 in gross rental income per month or take back one or more of the free market rental units and incorporate them into the existing owner’s duplex.

A 1000 SF basement is home to a laundry room with plenty of storage space. The basement is in excellent condition and ripe for a conversion to recreation room, home gymnasium or home theatre.

131 West 77th Street was originally designed and built (along with four neighboring townhouses) by architect William K. Benedict and developer Wilson and Tichborne in 1887-88. From this enviable location, one is in close proximity to many of the cultural and culinary treasures that the Upper West Side has to offer. Transportation options include easy access to the B, C and 1 trains.

Listing courtesy of Compass

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