Beautiful 5 story townhouse with just steps to Central Park West. Consisting of over ±6000 sq ft plus cellar. This 8 unit townhouse consists of 3 free market units and 5 rent stablized units. Currently 2 of the 5 rent stabilized units are vacant. They are directly above the free market parlor floor 2 bedroom/2 bath totally renovated unit. Therefore, an owners duplex can be created, upon lease expiration, very easily by living on the second and third floors of the building. There would still be income from 5 other units of which 3 would be stabilized. The current gross income is $216,000 and net $144,500 after expenses when fully leased. An investor could see a 3.4% cap return on this best park block purchase.
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