Press Release brought to you by Cushman & Wakefield Capital Markets Group New York

Massey Knakal Retained Exclusively To Sell Four-Family Townhouse On Upper West Side

06/10/2013

Massey Knakal Realty Services has been retained on an exclusive basis to sell a townhouse at 320 West 101st Street. The property is located on the south side of West 101st Street between West End Avenue and Riverside Drive.

The five-story townhouse, with a four-story extension, contains approximately 5,787 square feet and sits on a 17’ x 100.92’ lot.  It consists of four Free Market apartments, with three floor-through one-bedroom units and a beautiful three-bedroom duplex.  The property also has a spacious south facing garden.  The building features high ceilings throughout and a substantial amount of original detail including a wooden staircase, stained glass windows, wainscoting, pocket doors, moldings, ten fireplaces with mantels, and a charming master suite with built-in wooden wardrobes and an antique marble sink.  The house has undergone a number of upgrades in recent years during which time nearly all of the windows have been replaced and both the duplex and fifth floor apartments have been renovated. 

The property also holds approximately 1,076 of air rights.  Additional living space could potentially be created by excavating the basement and/or utilizing the remaining air rights to add to the rear of the house or to create a small penthouse atop the fifth floor.  Although the property lies outside of the existing historic designations, the surrounding neighborhood is calendared for inclusion in the new extension of the West End Avenue Historic District.  This is an excellent opportunity for buyers searching for a large owner’s apartment or to convert to a single family home.

“Finished townhouse values in the low West 100’s are poised to appreciate quickly over the coming years. This property sits on one the neighborhood’s strongest blocks and possesses all the elements necessary to create a tremendous single-family home,” said Hall Oster, who is exclusively marketing this property.     

For more information on this listing, contact Hall Oster at 212.696.2500.

Massey Knakal specializes in the sale of investment and user properties in the New York Metropolitan area. Since 1988, our agents have closed over 4,500 transactions having a market value in excess of $17 billion.

www.masseyknakal.com

06/10/2013 - 08:16

Source

Cushman & Wakefield Capital Markets Group New York

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