156 West 88th Street, a landmarked Upper West Side two-family townhouse, is offered for sale for the first time in a decade. The four (4) story rowhouse was developed in the late 19th Century (EST. 1893) by developer James B. Gillie and architect Neville & Bagge in the Renaissance Revival style. Located in the Central Park Historic District, the home has original details, woodwork and fireplaces throughout, including working and decorative fireplaces, cherry-wood mantels, and Victorian details.
The garden level is configured as a duplex two-bedroom, two-bathroom apartment that has been gut renovated and is currently rented for $6,900 per month. The unit features a charming, south-facing private backyard accessible from both the garden level and rear of the parlor floor. The urban oasis has foliage lining the perimeter and is perfect for either entertaining guests or a meditative retreat for friends and family.
The owners triplex unit, which is currently vacant, flows naturally from the outdoor Queen Anne stoop. The unique look and feel of this home is palpable with the open floor plan and a massive skylight soaking the gallery with natural light juxtaposed against exposed red-brick and a loftlike, sleek design throughout. The home has been extensively renovated with three private outdoor terraces and a roof-deck overlooking a tree-lined residential block with rows of townhouses as far as the eye can see. With top of the line finishes, stainless steel appliances and a state-of-the-art chefs kitchen, this triplex unit boasts three bedrooms and three bathrooms, central air conditioning and a washer and dryer.
The trophy asset has intrinsic value with its proximity to Central Park & Riverside Park. New developments that will further enhance the Upper West Side include Extell Developments more than 200,000 BSF project at 262 West 96th Street and Certes Partners and United Managements 19-story condominium project at 212 West 95th Street. The property also benefits from its proximity to the B and C subway lines on 86th and CPW, as well as the 1 subway line on 86th Street and Broadway.
-Nominal Real Estate Taxes & Operating Expenses
-Live + Income Opportunity
-Potential Single Family Conversion
-Significant Air Rights Available for "pop-up" extension
-Attractive Price Per Square Foot for Gut Renovated Product