Asking Price
NOI Net Operating Income N/A
Cap Rate N/A
Asking Price
NOI Net Operating Income N/A
Cap Rate N/A

Documents

I accept the confidentiality agreement
Create an account on the Investor Center to save your search and investment preferences, save and share opportunities, access exclusive documents, and more. More questions? Visit our FAQ. Approval for Deal Room access requires review by our Broker Team. You will be notified by email once your access is granted. More questions? Visit our FAQ. You'll need to sign a Confidentiality Agreement (CA) to access exclusive documents in the Deal Room. Signing the CA means you agree not to divulge or release sensitive information related to this property. More questions? Visit our FAQ.
I accept the confidentiality agreement I accept the confidentiality agreement
Create an account on the Investor Center to save your search and investment preferences, save and share opportunities, access exclusive documents, and more. More questions? Visit our FAQ. You'll need to sign a Confidentiality Agreement (CA) to access exclusive documents in the Deal Room. Signing the CA means you agree not to divulge or release sensitive information related to this property. More questions? Visit our FAQ.

Attributes

Building Area

Property Description

JLL has been retained on an exclusive basis to arrange

for the sale of 52 West 88th Street, a 20’ wide, 5-story,

brick and brownstone townhouse located on the

south side of West 88th Street between Central Park

West and Columbus Avenue. This stretch of West 88th

Street, just steps from Central Park, is arguably one

of the Upper West Side’s most tranquil and desirable

residential blocks.


The Renaissance Revival style rowhouse at # 52 was

constructed in 1887-89 as part of an original row of

19 (#’s 30-62) designed by the venerable 19th century

architects Thom & Wilson. Surrounded by townhouses

on all sides, 52 West 88th Street offers exceptional

light and air from every floor together with its airy

and beautifully landscaped south-facing garden.


The house is currently divided into seven residential

units featuring a gorgeous, handsomely renovated

4-bedroom/3-bath garden triplex with central air

conditioning, high-end kitchen appliances, wine

cooler, central audio system, washer/dryer, and

open rear garden. The triplex is currently rented

until August of 2021. The remaining six apartments

are configured as 1 bedroom/1 bath units on the top

three floors with a rent stabilized unit located on the

third-floor rear. The five fair-market upper-floor units

are all crisply finished and, with the exception of 3rd

floor rear, will be delivered vacant. The property is

easily accessible by the 86th Street A, B and C subway

station at Central Park West and is only three blocks

from the 86th Street and Broadway 1 & 2 subway

station.


52 West 88th Street presents a unique opportunity

to acquire a well-located, versatile property ideal

for use in its current configuration as a turnkey, live-plus-

income residence, conversion to single-family,

or as a cash-flowing investment with exceptional

possibilities for future appreciation.

Investment Highlights

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Last Updated Date: 22 Jan 2021
Paul Smadbeck
Paul Smadbeck
Managing Director, Capital Markets
License details
NY - 10301203037
Hall Oster
Hall Oster
Managing Director, Capital Markets
License details
NY-10401321782

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Last Updated Date: 22 Jan 2021

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