14 W 69th St
New York, NY 10023
14 W 69th St · Immeuble residentiel Propriété À vendre · 15 Unités

JLL has been retained on an exclusive basis to arrange
for the sale of 14 West 69th Street, a 25’ wide, 5-story plus
penthouse, multifamily townhouse located on the south
side of West 69th Street between Columbus Avenue and
Central Park West. Designed by renowned architect Leo
F. Knust in the Neo-Renaissance style, the ~10,933 Sq.
Ft. property is currently configured as 15 apartments.
The layouts consist of 7 studios, 5 one-bedroom, and 3
two-bedroom apartments. The three apartments on the
ground floor are duplexed into the basement and two of
those units feature private outdoor space. In-unit washers
and dryers are provided in all units except #7, #9, and #14.
Additional common laundry is available in the basement
for all residents. The apartments are currently leased for
an average of ~$3,965 per month and have been renovated
on a one-off basis over the years giving future ownership
the ability to increase revenue through further renovation.
The property will capitalize on surging rent growth due to
its 100% Free Market status, core Upper West Side location,
access to the 1 2 3 trains along Broadway and highquality base building condition. Long-term value will be
well supported by the property’s proximity to Central
Park and the overall supply constrained nature of the
Upper West Side housing stock. Alternatively, these same
dynamics make the property well suited for conversion
to a single-family home. Its rare 25’ in width and existing
structure will provide ample flexibility for a stellar residence
on one of the most sought-after Central Park blocks.
14 West 69th Street will appeal to investors, single family
or condominium converters, and an array of potential endusers seeking a low maintenance, multifamily townhouse on
a Central Park. Purchasers will have the near-term optionality
of increasing the current rent roll while holding the building
as an investment, converting the property to a singlefamily home, or combining multiple apartments to create an
owner’s unit while maintaining additional rental income. The
property lies withing the Upper West Side / Central Park West
Historic District and will be sold on an as-is, where-is basis.