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268 West 73rd St., New York, NY 10023

$3,995,000
Active Listing
Listing Details:
$3,995,000 Price
Multi-Family Townhouse Property Type
Upper West Side Neighborhood
-- Beds
0 Baths
6,360 Approx. Sq. Ft.
$1,016 RET
Key Features:
Prewar
Allows Pets
Description:

Bring your contractor! Seize an ideal live-with-ROBUST-income opportunity in a desirable UWS location near Lincoln Center. This townhouse is eighteen feet wide with five stories, a full cellar, and South-facing garden. You'll also appreciate the high ceilings, spacious rooms, and floor-to-ceiling windows.This property has a tremendous upside compared to buying a condo. The potential financial breakdown is as follows:$3,995,000 (purchase price) + $1,500,000 (estimated renovation costs) = $5,495,000You'll need $2,495,000 cash plus $3,000,000 mortgageThe projected monthly income of $14,000 (see next page) will pay for a $3M mortgage (based on a 30-year amortized mortgage at 3.7%)Additional estimated net expenses listed below are less than $6,000 per month. After interest charges and other tax deductions, the net cost to the owner will be much less than this.Compared to paying $15,000 per month for a similar 3,000 sq. ft. roof garden rental, 268 West 73rd Street is an amazing opportunity. Invest in your real estate future today.

Listing courtesy of Vandenberg, Inc.

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