119 W 81ST Street, Manhattan, NY 10024
119 W 81ST Street, Manhattan, NY 10024
119 W 81ST Street, Manhattan, NY 10024
119 W 81ST Street, Manhattan, NY 10024
119 W 81ST Street, Manhattan, NY 10024
119 W 81ST Street, Manhattan, NY 10024
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Listing Courtesy of Corcoran Group
$ 3,500,000
Est. payment | /mo

10 Beds

10 Baths

4,978 SqFt


Save
$ 3,500,000
Est. payment | /mo
Save

10 Beds

10 Baths

4,978 SqFt

Key Details

Property Type Multi-Family

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

Square Footage 4,978 sqft

Price per Sqft $703

Subdivision Upper West Side

MLS Listing ID RLS20086676

Bedrooms 10

Full Baths 10

HOA Y/N No

Year Built 1885

Annual Tax Amount $72,396

Property Sub-Type Multi Family

Property Description

119 West 81st Street - Upper West Side Townhouse Investment Opportunity

A rare opportunity to acquire a beautifully maintained, 10-unit circa-1885 townhouse on a coveted tree-lined block in the heart of the Upper West Side. This classic brownstone can be delivered approximately 40% vacant and spans 5 finished floors plus an unfinished basement, offering exceptional flexibility for both end-users and investors.

Located just moments from American Museum of Natural History and Central Park, and within the sought-after Upper West Side/Central Park West Historic District, the property enjoys picturesque views of surrounding historic townhouses and an unbeatable neighborhood setting.

Measuring 17' x 68' on a generous 102' lot, the building encompasses approximately 5,000 interior square feet plus an additional 685 square feet of exterior space. The current configuration includes 3 one-bedroom apartments and 6 studios, with a flexible layout that allows for reconfiguration-including the potential to combine the fourth-floor units. The 900 Square Foot owner's garden-level residence is a spacious floor through unit created by combining two apartments.

Held by the same family for nearly 50 years, the property features a mix of free-market and rent-stabilized units, making it ideal for a live-plus-income buyer or a strategic long-term investment.

Key Features: Elegant entry lobby and well-maintained common areas, exposed brick walls, hardwood floors, multiple decorative fireplaces, Ceiling heights ranging from 7'10" to 11'4", Sprinkler system in place, Expansive private garden with decked terrace, plus an additional fourth-floor terrace & approximately 1,970 square feet of unused air rights. The building falls under Tax Class 2B

While the apartments have not been recently renovated, this presents a significant value-add opportunity for the next owner to modernize and maximize income potential.

Perfectly positioned near the best of the Upper West Side, including dining, shopping, and cultural institutions along Columbus and Amsterdam Avenues, the property is also conveniently located near the B/C trains at 81st Street and Central Park West, as well as the 1 train at 79th Street and Broadway, not to mention the Crosstown Bus at 81st & Columbus.

A true Old World gem with tremendous upside in one of Manhattan's most desirable neighborhoods."

Location

State NY

County New York

Rooms

Basement Other

Interior

Interior Features High Ceilings, Smoke Free

Fireplaces Number 1

Fireplaces Type Decorative

Fireplace Yes

Laundry In Unit

Exterior

Exterior Feature Private Outdoor Space Over 60 Sqft

View Y/N No

View Other

Porch Deck, Terrace

Private Pool No

Building

Dwelling Type Townhouse

Story 5

New Construction No

Others

Tax ID 1212-0026

Ownership None

Monthly Total Fees $6, 033

Special Listing Condition Standard

Pets Allowed Building Yes, No

REBNY-IDX

NEARBY SCHOOL & BUSINESS

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119 W 81ST Street