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Asking Price Contact for pricing
NOI Net Operating Income N/A
Cap Rate N/A

Documents

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Key Facts

Building Area

Property Description

JLL has been retained on an exclusive basis to arrange for

the sale of 43 West 74th Street, a historic 20’ wide multifamily

brownstone located on the north side of West

74th Street just steps from Central Park. Constructed in

1889 as one of an original row of five homes designed

and built by the well-known architect Max Hensel, the

property has been owned and managed by the same

family for multiple generations.


The 74th Street block between Central Park West and

Columbus Avenue is among the most distinguished on

the Upper West Side, known chiefly for the unique row

of seventeen 25-foot wide Neo-Georgian mansions built

in 1904 by the Clark family, builders of the Dakota. One

of these, No. 22, just sold in February of 2020 for $18.2M

and the property next door to the subject at No. 41 sold

for $16.25M in 2014.


43 West 74th Street is currently configured as nine

vacant, free-market apartments with ceiling heights

ranging from approximately 10.5’ to 11.7”. There is

an extra-large, four-story extension built to a depth of

approximately 92 feet which contains an entire line of

studio apartments with bay windows offering bright

views of the open green space and iconic twin towers of

the San Remo to the east. A currently dormant elevator

shaft is already in place and ready for new equipment.


Clearly, whether a purchaser wishes to convert 43 West

74th Street to its original single-family use or renovate as

an income-producing investment for future appreciation,

43 West 74th Street represents a spectacular purchase

opportunity on a Central Park block with a uniquely

significant architectural pedigree. Priced at $5,900,000

this extremely well-located property will not last long.

Investment Highlights

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Last Updated Date: 21 Jan 2021
Paul Smadbeck
Paul Smadbeck
Managing Director, Capital Markets
License details
NY - 10301203037

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Last Updated Date: 21 Jan 2021

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