Olshan Realty Inc. Listings

Townhouse Report Created: Sunday, January 9, 2022 - Listings Shown: 2

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270 West 91st Street (Click address for more details)		Listing #: 321288
Price: $5,125,000 Floors: 4 Approx Sq Ft: 5,800	Sect: Upper West Side

Welcome to this grand and elegant house, replete with original details, yet renovated to today's standards, located on a pretty tree-lined street in the heart of the Riverside/West End historic district and just a block from the sweetest spot of Riverside Park. This 18 ft wide x 99 ft deep five story townhouse built in 1896, is currently configured as an owner's triplex plus three free market-rate apartments, all in excellent condition. This exceptional residence, with about 6000 square feet of interior space, boasts oversize rooms of grand scale, high ceilings, massive windows and two beautifully decked, South-facing, planted and irrigated terraces. In addition, the house has four exposures throughout, a rarity among townhouses, as well as skylights that provide for an incredibly bright and attractive home. Additional features include four gas fireplaces, original hardwood floors, renovated bathrooms, new windows, upgraded electric & plumbing, and a new gas boiler and hot water heater. This unique home is conveniently located close to top schools, fine restaurants and great shopping on the Upper West Side.

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391 West Street (Click address for more details)		Listing #: 199991
Price: $4,800,000 Floors: 5 Approx Sq Ft: 4,075	Nghbd: West Village

Showings require a minimum of 24 hours notice. This Five-story, 28-foot-wide Mixed-Use building on the Hudson in the desirable West Village provides endless possibilities. For the investor, it has a retail space with a basement and three "free market" sun-filled apartments, all with eastern and western exposures showcasing amazing Hudson River views. The 2nd and 3rd floors are 1 bedroom/1 bath floor-thru apartments, and the penthouse is a 1 bedroom/1.5 bath duplex with a massive full floor living room, office space, eat-in kitchen, and separate dining room. The retail space and all three apartments are currently rented on a month-to-month basis at below market rents. Gross projected market rental income is approximately $240,000 less current expenses $36,510, providing an approximate net income of $203,490 or a cap rate of 4.2%. This building could also be suitable for a resident owner with income producing apartments, an owner occupied live-work situation or can even be converted to an incredible single-family home. Built in 1910, the building is in very good condition, meticulously maintained, with updated and renovated finishes. Along the Hudson, it is right near Hudson River Park.

All information regarding a property for sale, rental or financing is from sources deemed reliable but is subject to errors, omissions, changes in price, prior sale or withdrawal without notice. No representation is made as to the accuracy of any description. All measurements and square footages are approximate and all information should be confirmed by customer.