JLL has been retained on an exclusive basis to arrange for the sale of 43 West 74th Street, a historic 20' wide multi-family brownstone located on the north side of West 74th Street just steps from Central Park. Constructed in 1889 as one of an original row of five homes designed and built by the well-known architect Max Hensel, the property has been owned and managed by the same family for multiple generations. The 74th Street block between Central Park West and Columbus Avenue is among the most distinguished on the Upper West Side, known chiefly for the unique row of seventeen 25-foot wide Neo-Georgian mansions built in 1904 by the Clark family, builders of the Dakota. One of these, No. 22, just sold in February of 2020 for $18.2M and the property next door to the subject at No. 41 sold for $16.25M in 2014. 43 West 74th Street is currently configured as nine vacant, free-market apartments with ceiling heights ranging from approximately 10.5' to 11.7". There is an extra-large, four-story extension built to a depth of approximately 92 feet which contains an entire line of studio apartments with bay windows offering bright views of the open green space and iconic twin towers of the San Remo to the east. A currently dormant elevator shaft is already in place and ready for new equipment. Clearly, whether a purchaser wishes to convert 43 West 74th Street to its original single-family use or renovate as an income-producing investment for future appreciation, 43 West 74th Street represents a spectacular purchase opportunity on a Central Park block with a uniquely significant architectural pedigree. Priced at $6,200,000, this extremely well-located property will not last long.
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