JLL has been retained on an exclusive basis to arrange for the sale of 213 West 85th Street, a 20' wide turn-key elevatored apartment house located on the north side of West 85th Street between Amsterdam Avenue and Broadway. The building consists of 6 apartments and a large basement that formerly contained a stand alone apartment. The first floor contains a studio and one-bedroom, while the upper floors each contain a floor-through three-bedroom apartment. Floors 2-5 contain a keyed elevator entrance directly into the unit and all units have recently undergone a gut re e luxury finishes inclusive of individual HVAC systems and stainless steel appliances. Purchasers will have an opportunity to reposition the approx. 328 SF former apartment and 200 SF of storage space located int he basement to derive additional income. In addition, there should be excess upside on the apartment rents due to their unique level of finish and size. 213 West 85th Street has been meticulously maintained in a condition that transcends the quality of the surrounding supply. The property will appeal to an array or purchasers looking to acquire a turn-key asset with significant in-place cash flow and a low tax basis. The property will be sold on an as-is where-is basis.
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