two extra-wide riverside townhouses 43.5’ of …€¦ · vacancy factors used herein are an...

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The information contained herein has either been given to us by the owner of the property or obtained from sources that we deem reliable. We have no reason to doubt its accuracy but we do not guarantee it. All zoning, buildable footages and uses must be independently verified. Vacancy factors used herein are an arbitrary percentage used only as an example. It does not necessarily relate to actual vacancy, if any. The value of this investment is dependent upon these estimates and assumptions made above, as well as the investment income, the tax bracket, and other factors which your tax advisor and/or legal counsel should evaluate. THE PROSPECTIVE BUYER SHOULD CAREFULLY VERIFY EACH ITEM OF INCOME, AND ALL OTHER INFORMATION HEREIN.

275 Madison Avenue • Third Floor • New York, NY 10016 • 212.696.2500 • Fax 212.696.0333www.masseyknakal.com

THE BRONX BROOKLYN MANHATTAN NASSAU NEW JERSEY QUEENS STATEN ISLAND WESTCHESTER

TWO EXTRA-WIDE RIVERSIDE TOWNHOUSES43.5’ OF FRONTAGE WITH ELEVATOR

DELIVERED VACANT

324-326 West 108th StreetNew York, NY 10025

LOCATION: South side of West 108th Street between Riverside Drive & Broadway

BLOCK / LOT: 1892 / 60

LOT DIMENSIONS: 43.5’ x 100.92’ (Approx.)

COMBINED LOT AREA: 4,440 SF (Approx.)

COMBINED BUILDING SIZE: 43.5’ x 75’ (irr) (Approx.)

EXISTING GROSS SF: 14,141 (Approx.)

STORIES: 5ZONING: R8BFAR: 4.00

TOTAL BUILDABLE SF: 17,762 (Subject to Verification) REMAINING AIR RIGHTS: 3,621 (Subject to Verification)

ASSESSMENT (14/15): $429,030

R.E. TAXES (14/15): $44,289

324-326 West 108th Street represents a rare opportunity to acquire two adjacent extra-wide townhouses on a beautiful Upper West Side block. The houses are located steps from Riverside Park and are surrounded by some of the most architecturally distinct townhouses in the entire Upper West Side. The houses are serviced by an elevator located in 324 West 108th and were previously interconnected for use by a non-profit. The properties are now vacant and poised for renovation.

Although currently interconnected, the houses could easily be separated as they still maintain separate entrances and staircases (aligned side by side in the center of the two buildings). The buildings feature tall ceilings on all floors reaching a high just over 12’ on the parlor level. The houses receive great light due to a combination of their mid-block locale and their proximity to an abundance of low rise townhouses on all sides including 351 & 352 Riverside Drive. Buyers will be excited by the numerous possibilities to create spectacular outdoor spaces. Since the lots are currently combined there is a double wide garden measuring approximately 43.5’ wide by 28’ long. Additional outdoor spaces could also be created atop the large, sun-drenched, 3 story rear extension and the roof which features Hudson River views to the west. In addition, buyers interested in expanding the properties could recapture the cellars which already have ceiling heights in excess of 7’ and utilize a portion of the approximately 3,600 square feet of remaining air-rights.

The properties’ rare width coupled with its desirable location within one of Manhattan’s most supply constrained neighborhoods make 324-326 a unique opportunity for buyers interested in creating a large mansion, luxury condominium, two single family homes, or an institutional headquarters.

ASKING PRICE: $12 ,250 ,000For further information or inspection, please contact Exclusive Agents:

Paul J. Massey Jr.Chief Executive Officer

[email protected] x7711

Hall OsterDirector of Sales


Matthew DillionVice President


Teddy GalliganAssociate


The information contained herein has either been given to us by the owner of the property or obtained from sources that we deem reliable. We have no reason to doubt its accuracy but we do not guarantee it. All zoning, buildable footages and uses must be independently verified. Vacancy factors used herein are an arbitrary percentage used only as an example. It does not necessarily relate to actual vacancy, if any. The value of this investment is dependent upon these estimates and assumptions made above, as well as the investment income, the tax bracket, and other factors which your tax advisor and/or legal counsel should evaluate. THE PROSPECTIVE BUYER SHOULD CAREFULLY VERIFY EACH ITEM OF INCOME, AND ALL OTHER INFORMATION HEREIN.

275 Madison Avenue • Third Floor • New York, NY 10016 • 212.696.2500 • Fax 212.696.0333www.masseyknakal.com

THE BRONX BROOKLYN MANHATTAN NASSAU NEW JERSEY QUEENS STATEN ISLAND WESTCHESTER

TWO EXTRA-WIDE RIVERSIDE TOWNHOUSES43.5’ OF FRONTAGE WITH ELEVATOR

DELIVERED VACANT

324-326 West 108th StreetNew York, NY 10025

For further information or inspection, please contact Exclusive Agents:

Paul J. Massey Jr.Chief Executive Officer


Hall OsterDirector of Sales


Matthew DillionVice President


Teddy GalliganAssociate


two extra-wide riverside townhouses 43.5’ of …€¦ · vacancy factors used herein are an...

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