8 87Th St, New York, NY 10024
9 Unit Apartment Building | $6,900,000 ($766,667/Unit) | New York, NY 10024
For Sale
Active
- Date Added:
- May 17, 2024
- Days on Market:
- 28 days
Asking Price $6,900,000
- Property Type
-
Multifamily
- Square Feet
- 7,105 SF
Listing Contacts
Thomas Gammino
Verified Profile
Patrick Donahue
Verified Profile
- Property Info
Property Overview
8 West 87th Street is located steps from Central Park and was built and designed in 1898. It is currently configured as a mostly vacant multifamily building consisting of 9 units, 7 of which are vacant, spread over approximately 7,105 usable square feet, offering a flexible layout in an unmatched location.
Each large unit receives great natural light and has high ceiling heights throughout. The rear garden level unit has additional living space potential by duplexing down into the lower level. Additional features include rear terraces on the second and fourth floors.
The layout can be enhanced as the current owner has obtained a Certification of No Harassment (CONH) from HPD and filed plans with the DOB to reconfigure the existing structure into a 7-unit multifamily with 2 full-floor two bedroom units with rear terraces located on floors 2 and 4, 1 full-floor two-bedroom unit on floor 5, 1 one bedroom unit with a duplexed basement and private rear garden, 2 studio units and a rear one bedroom unit. Minor alterations to these plans would enable a user to add a private elevator and create an owner’s duplex or triplex with a finished rooftop terrace and pop-up.
This rare offering on a Park block boasts 20’ of frontage on the South side of the block with private rear garden access, available air rights and Southern light exposure. With its location and flexibility 8 West 87th Street presents an incredible opportunity for an investor, converter, or user looking for a live plus income townhouse.
Each large unit receives great natural light and has high ceiling heights throughout. The rear garden level unit has additional living space potential by duplexing down into the lower level. Additional features include rear terraces on the second and fourth floors.
The layout can be enhanced as the current owner has obtained a Certification of No Harassment (CONH) from HPD and filed plans with the DOB to reconfigure the existing structure into a 7-unit multifamily with 2 full-floor two bedroom units with rear terraces located on floors 2 and 4, 1 full-floor two-bedroom unit on floor 5, 1 one bedroom unit with a duplexed basement and private rear garden, 2 studio units and a rear one bedroom unit. Minor alterations to these plans would enable a user to add a private elevator and create an owner’s duplex or triplex with a finished rooftop terrace and pop-up.
This rare offering on a Park block boasts 20’ of frontage on the South side of the block with private rear garden access, available air rights and Southern light exposure. With its location and flexibility 8 West 87th Street presents an incredible opportunity for an investor, converter, or user looking for a live plus income townhouse.
Property Details
- Class
- B
- Year Built
- 1898
- Stories
- 5
- Lot Size (sq. ft)
- 2,178 SF
- Units
- 9
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