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256 W 88th St |Upper West Side
$4,775,000
Studio
Time on market: 39 days
Taxes/Maintenance: $0
Property type: Multi-family
Courtesy of Compass
DELIVERED VACANT for Conversion to Single Family Townhouse, OR Two to Five Unit Multi-Family w/ Rare Ground-Floor Commercial Unit: Currently zoned as a legal five-family house with a ground-level commercial unit, the four floors of this pre-war brownstone have been opened up by the seller into a clean shell, presenting buyers with a versatile canvas to bring their vision to life. OPTION 1: SINGLE FAMILY CONVERSION - Mabbott Seidel Architects have included plans that re-imagine this historic building into a stunning single-family home with a clean contemporary design and smart layout for the modern family. The architect's design is accented with natural stone, high-end finishes, rich wood elements, and large south-facing windows to bathe each floor in light. Their plans have been masterfully illustrated through renderings and proposed floor plans presented here. The rear facade may be extended utilizing additional available FAR, adding approx. 1,085 SF for a total 5,313 SF of living space. This would allow for six bedrooms, six full bathrooms, and three half bathrooms, with an option to maintain the commercial unit, if desired. A proposed fully finished basement includes space for a gym, wine cellar, additional storage, and a mechanical room. The planned open chef's kitchen on the ground floor flows effortlessly into an informal family dining and living space, and out through an expansive, fully retractable, wall of glass and natural wood, creating a seamless marriage of indoor and outdoor living into the backyard. A proposed fifth floor may be added and utilized as a media room or an additional 6th bedroom with a large adjacent terrace. OPTION 2: FIVE-FAMILY W/ COMMERCIAL UNIT - Currently zoned a legal five family with ground floor commercial space, the upper floors can be reverted to a five family house to maximize rental income. Details available upon request. OPTION 3: TWO TO THREE FAMILY WITH COMMERCIAL UNIT - For a buyer seeking a 3 bedroom duplex with excellent additional rental income, one can utilize available FAR and extend the building by 1,083sf, and add a keyed elevator and a penthouse level, creating a beautiful 3 bedroom two floor residence with a private terrace and garden for personal use, and collect notable income from the commercial unit and a penthouse level duplex two bedroom rental unit with home office and private terrace, or smaller apartments. There are various potential configurations here. Details available upon request. This idyllic Upper West Side location on West 88th Street between West End Avenue and Broadway is surrounded by highly coveted restaurants, boutiques, and iconic attractions such as the American Natural History Museum, Beacon Theatre, and Central Park. Public transportation throughout the city is accessible 1 block away to the 1 train, and 3 Blocks to the B and C trains. This is a rare opportunity to take a beautiful historic house and make it your own. Sold As-is Delivered Vacant Open Floor plans - Shell Block: 1235 Lot: 156 Zoning: R10A Built Size: 18' X 73' Lot Size: 18' X 100. 6' more
AMENITIES

Terrace
Outdoor Areas
Intercom
Pre-War Building
MORTGAGE CALCULATOR

Sale Price
Down Payment
%
Mortgage Payment:
Common Charges & Taxes: $0

Total Monthly Payment:
Mortgage Amount $3,820,000
Term
30 Year Fixed
Rate
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