135 W 78th St New York, NY 10024

$1.1 MM price drop! Motivated Seller! A successful real estate tax appeal has just lowered the assessed value by 19%. This amazing four story, 20 foot wide townhouse is ideally situated in the heart of the Upper West Side on a bucolic tree-lined residential street. It is currently configured as five units: An owner?s duplex, one two-bedroom floor-thru, delivered vacant, and three one-bedroom units. The three one-bedrooms are rent stabilized, but one is VACANT, and can likely be combined with the owner's duplex. Meticulously cared for, and in excellent condition, this property is ideal for an owner-occupant looking for a beautiful home with reliable supplemental rental income, or an investor seeking an income producing property with the possibility of converting to a single-family home in the future. Occupying the Garden level and half of the Parlor level, the owner?s two-bedroom, two-bath duplex features a generous living space with a dramatic wood burning fireplace and an entire wall of glass looking out over the manicured garden. The unit also contains the semi-finished basement, with many options for utilization. The rear of the Parlor level and the third floor are configured as three one-bedroom apartments. All are in great condition and feature 10 & 11.5 foot high ceilings, plenty of storage and great layouts. The fourth floor is a free-market floor-thru apartment. Recently renovated, this unit has two-bedrooms, two-baths, 10 foot ceilings, granite countertops, skylights and built-ins. Centrally located to public transportation, shopping, restaurants, theaters, museums, parks and entertainment, the location is superior. This is a special opportunity to own a classic New York brownstone on the Upper West Side. Setup, income and expenses and rent roll information are available upon request.