Listed By: Annette Akers (@annetterenyc) Bernadette Brennan (@mombossnyc) Ryan Serhant (@ryanserhant)
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Introducing: for sale the residential condominium portion of The St. Charles, 101 West 72nd Street .The Property is a residential condominium made up of nine rental units on the Upper West Side. Located on the northwest corner of West 72nd Street between Columbus and Amsterdam Avenues, the elevatored Property encompasses 17,287 SF across five floors and features 172 feet of wraparound frontage. Of the nine fully occupied residential units, six are rent regulated and the remaining three units are exquisitely renovated fair market units fetching strong monthly rents.
The unit mix of the residential condominium includes five 3-bedroom rent regulated units averaging 1,847 SF in size, and three 4-bedroom fair market units, of which one has a private finished roof deck and there is an opportunity to create additional private or communal rooftop space for the other FM units. The renovated FM units are complete with stunning finishes such as Italian marble flooring, top-of-the-line MIELE kitchen equipment, custom floor-to-ceiling doors, in-unit washer/dryers, impressive ceiling heights with recessed lighting and stunning views of Central Park. The units each have expansive footprints of more than 2,000 SF and can either be kept separate or combined through an existing hidden staircase, if a buyer wanted to occupy the entire 6,000± SF “townhouse in the sky.”
With Chase Bank occupying the ground and part of the second floor, the prime retail corner building is steps from Central Park, major retailers and neighborhood eateries. Proximity to transpiration is unbeatable, with the West 72nd Street / Broadway station servicing the 1, 2 and 3 subway lines, and the West 72nd Street / Central Park West station servicing the B and C train lines. Both stations are within a 3-minute walking distance. The Columbus Circle transit hub can be reached in 15-minutes or less on foot, and offers access to the A, C, B, D and 1 train.
The Property offers a unique opportunity to acquire a cash-flowing asset in one of Manhattan’s most desirable locales, with the potential to either live in one of the stunningly renovated four-bedroom units or transform the luxurious fair market units into a “townhouse in the sky” and occupy the entire fair market portion of the Property.
Investment Highlights
- Prime Upper West Side corner location one block from Central Park
- 172 feet of wraparound frontage
- Exquisitely renovated fair market units
- Fully occupied, cash-flowing property with user potential
- Additional air rights available to create roof pop-up space for additional fair market units
- Built in ability to combine renovated units through existing hidden staircase
- Proximity to 1, 2, 3, B & C subway lines
See more listings at: www.serhant.com