5 bedroom Town House For Sale: 815..

WEALTH CREATION AND DETAILED STYLE Hidden from the market for more than 30 years, located in the beginning of Washington Heights, is a traditional corner-lot townhouse on Riverside Drive. A true commodity surrounded by Columbia University and Presbyterian Hospital new construction, recent residential conversions, and the most upscale real estate in upper Manhattan. As you are introduced to the property, two entrances welcome you, one a stone brick entrance, the other a patio entrance that has been recently updated and well taken care of. These entrances will lead you into a corner-lot, five-story, six-family, exquisitely right-angle shaped townhouse. This investment property consists of 1 duplex apartment (two-bedroom, which can be split into two apartments), 3 one-bedroom apartments, 2 studio apartments, and a car garage. With a total square footage of 4,384, and a maximum usable square footage of 7,856, this unique investment sets unlimited possibilities for a wide-range of investors. Original details have mostly been left intact, which has created an elegant clash between traditional and modernized real estate. Within the area of this exquisite properties domain, is the Columbia medical school, the Presbyterian Hospital, City College, Columbia University (Main Campus), and the Yeshiva College. All of these corporations bring employees and students, which create an outrageously high rental demand. Making this property and the land under the property a brilliant investment, within all categories of location, net income, wealth creation. The real estate property within this area of upper Manhattan has appreciated in value, due to avenues such as Riverside Drive. The convenience to commute anywhere within the five boroughs this area brings such as the A, 1, and C trains is a crucial necessity for current and future renters in Manhattan. The opportunity that this townhouse and its land brings to the upper Manhattan real estate market, can and will set its mark on the history of Manhattan's advancement, with the decision of its purchaser. Please feel free to contact me for a private viewing, the most recent (2015) income and expense report of the property, along with the simplified detailed report of this investment property. Please feel free to contact me for a private viewing, the most recent (2015) income and expense report of the property, along with the simplified detailed report of this investment property.The alternative floor plan to the properties current build shows how converting the current duplex unit, which will be delivered vacant, into three units, will raise the cap rate of the property from 1.25% to 3.29%. In conclusion, with this proposal, 815 Riverside Drive will have 8 units in total. Once the conversion is constructed, the duplex would have been converted into three units. In the alternative floor plan for the development/conversion proposal, I have shown what the properties layout could be, if you converted the units and added the three extra floors of air rights that are available. In conclusion, with this proposal, 815 Riverside Drive will have 8 floors and 13 units. Unit Statuses - Apt. 1E - Vacant (Delivered Vacant) , Apt. DUPLEX - Occupied By Owner (Delivered Vacant) , Apt. 3W - Occupied By Tenant (Rent Stabilized) , Apt. 4E - Occupied By Tenant (Rent Stabilized) , Apt. 4W - Occupied By Tenant (Rent Stabilized) , Apt. 5 - Occupied By Tenant (Rent Stabilized). All information is from sources deemed reliable but is subject to errors, omissions, changes in price, prior sale or withdrawal without notice. No representation is made as to the accuracy of any description.

Ref: 36508-15554691