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306 West 78th Street

$6,950,000 (approx. £5,413,000)
Upper West Side, New York
Property reference: NYB0307
$6,950,000 (approx. £5,413,000)
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  • Description
  • Amenities
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KEY FEATURES
  • 10 Bedrooms
  • 10 Bathrooms
Full Description
Living Area:  5,750 sq ft

Originally built by the architect J.W. Davison in 1895, 306 West 78th Street is the third in a series of four town homes designed in the Renaissance Revival style. The 18' wide property contains a modern, light, and spacious owner’s triplex plus seven additional free-market rental units. Including the finished basement, total interior space exceeds 6,000 square feet.

306 West 78th Street provides endless flexibility and optionality, given the total free market status of the apartments, high rent roll, and 3,000+ s.f. renovated owner's unit with generous outdoor space. It is ideal for conversion to a single-family home, for use by a live-in owner looking to offset expenses with rental income, or for an investment purchaser facing a tax free exchange. There is also enough F.A.R. to add an additional 1,500-1,700 s.f. of interior space.

Current ownership has completed extensive and meticulous renovations on the building, including all new pipes, waterproofing the garden, upgraded electrical service, gas boiler with full hot water backup system, all windows replaced, new gas line and gas meter, and a new sprinkler water line, as well as interior cosmetic upgrades, with special attention to detail paid to the owner's triplex.

Ideally situated on a picturesque Upper West Side townhouse block with south-facing garden, this historic home is in close to proximity to Riverside Park, coveted schools, transportation, fine shopping and dining, and Lincoln Center. Can be delivered vacant.

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