259 W 90th Street, New York City, NY 10024

Description

All open houses are by appointment only.

Fully FREE-MARKET building, NO PIED-À-TERRE TAX, and NO GOOD CAUSE EVICTION until 2046. This legal four-family Renaissance Revival townhouse features a ground-floor triplex with a large courtyard, two studios, and a recently renovated three-bedroom duplex with a private terrace. Both the triplex and duplex can make great owner's units, and the property works well for an end user or as a rental investment property. The building is fully occupied, providing strong rental income from day one, and the building's 2016 Certificate of Occupancy (CO) makes it exempt from Good Cause Eviction until 2046. The building also enjoys the tax benefits of being Tax Class 2B, which caps property tax increases.

The basement and first two floors of the townhouse were originally the owner's residence, encompassing over 2,500 square feet of interior living space and nearly 500 square feet of private outdoor space. The space can be configured in several different ways, including four bedrooms with a living area and rec room; three bedrooms with separate living, dining, and rec rooms; or three bedrooms plus a den, office, or library. The apartment enjoys expansive closet and storage space; a five-piece primary bathroom with a steam shower and whirlpool tub; a sauna; GE Profile and Bosch appliances, including a wine fridge; a separate kitchenette in the rec room; an in-unit washer and dryer; and a large atrium with a walk-in coat closet.

Unit 4 is configured as a three-bedroom, three-bath floor-through owner's duplex with a private terrace. Special features include oversized windows, several skylights, ceilings as high as 10 feet, and an in-unit washer and dryer. The open kitchen includes island seating, stainless steel appliances, and a full-size dishwasher, while the generously sized living space features a separate windowed nook perfect for a home office or additional sitting area. The primary suite has a spacious en-suite bathroom with a heated towel rack and benefits from a quiet location and ample storage. The second and third bedrooms are also pleasantly quiet, with a private terrace off the east-facing bedroom.

Units 3F and 3R are spacious, loft-like studios with oversized windows, high ceilings, and separate kitchens. Both have enough room to create distinct areas for sleeping, sitting, dining, and more. The alcove in 3F is wide enough for a queen-size bed or a separate sitting area or home office.

The building will be delivered fully occupied. A building setup sheet and rent roll are available upon request.

259 West 90th Street is close to all the shopping, dining, and amenities of Broadway, as well as both Riverside Park and Central Park. The property is near the express stop for the 1, 2, and 3 trains, with the B and C trains three blocks away. Carmine's, Gyu-Kaku, Dagon, City Diner, Cibo e Vino, Osteria Accademia, and Takeda are just a few of the dining options nearby, with Symphony Space, Equinox, and Trader Joe's also within a few blocks.

Please note that buyers should independently verify all listing details that are material to their purchase.

Buyers should verify individual landlord/owner obligations under Good Cause Eviction.