JLL has been retained on an exclusive basis for the sale of 860 West End Avenue, a ~21' wide 5 story Renaissance Revival townhouse located steps from Riverside Park. The property features over 112' of frontage wrapping around the north east corner of West End Avenue and West 102nd Street. Originally constructed as the first in a row of five single family homes (860-868), 860 West End Avenue was converted in the 1930s to its current configuration as 6 rental apartments. Despite meticulous care, rents for these units are still below those of current market rates. Of the 6 apartments, 3 are Free Market renting at an average of $49.28 PNSF, while the 3 remaining Rent Stabilized units are renting at an average of $34.56 PNSF. Unit 2 will be vacating on 11/30/2019, which will result in a further increase in Operating Income.
This property is off market, which means it's not currently listed for sale or rent on Zillow. This may be different from what's available on other websites or public sources.
