Central Park Block
24 W 85th St New York, NY 10024
24 W 85th St, New York, NY, 10024
$6,675,000
For Sale
$6,675,000
Meticulously restored multi-family townhouse near Central Park.
Property Size8,290 SF
Price / SF$805.19
Days on Market94
Property Features for 24 W 85th St
General Information
- Standard status
- Active
- Size
- 8,290 SF
- Property subtype
- Multi Family
Building Details
- Year Built
- 1971
Listing Agency
(212) 769-9600
Listed by
Dexter A Guerrieri
(212) 769-9600
Source
Elliman
Added: Apr 15 Checked: Jul 17 at 5:10 am
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Dexter A Guerrieri
Investment Insights
Based on property information with market context.
Located in the Central Park West Historic District, 24 West 85th Street is a restored multi-family townhouse designed in the Neo-Grec style. The property, spanning approximately 8,290 square feet including the cellar, is configured as five residential units, offering flexibility for live-with-income or single-family conversion. The townhouse will be delivered vacant apart from free-market tenants in the duplex which expires in October 2026. Interiors feature soaring ceilings, crown moldings, hardwood floors, and fireplaces. The garden floor is a one-bedroom with granite counters, a large island, and access to the landscaped garden with bluestone pavers. It features arched ceiling details, wide-plank rustic wood, and original barn beam plank floors. The parlor level features a dining room with preserved woodwork, a decorative mantel, and pocket doors that open to a living room. The updated kitchen has quartz countertops and a washer/vented dryer concealed within custom cabinetry. The third floor includes two full-width bedrooms. The rear primary suite includes a Venetian-plastered en-suite bath with a marble-encased soaking tub. At the front, there is a full bath and a second full-width bedroom with bay windows. Central air and in-unit laundry are included. The fourth floor contains two one-bedroom residences. The rear apartment opens to a private terrace. The front apartment offers pre-war charm with large windows and a decorative fireplace; it is rent-stabilized and delivered vacant. The fifth floor is a two-bedroom with skylights, a pass-through kitchen with Pietra Cardoza stone countertops, and built-in shutters. The location has a bike score of 86, a walk score of 98, and a transit score of 100.
Key Highlights
- Prime Central Park Block Location: Coveted Central Park West Historic District, moments from Central Park and cultural institutions.
- Significant Square Footage: Approximately 8,290 square feet including the cellar, offering substantial living space.
- Flexible Configuration: Currently configured as five residential units, suitable for live‑with‑income or single‑family conversion.
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $496.4k | $59.88 |
| − Vacancy | −$24.8k | −$2.99 |
| EGI | $471.6k | $56.89 |
| − OpEx | −$212.2k | −$25.60 |
| NOI | $259.4k | $31.29 |
8,290 SF · lease $59.88/SF/yr · vacancy 5.00% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$3.71M
$3.24M – $4.32M
NOI $259,372 @ 7.0% cap · market cap 3.89%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$20.63M
$18.06M – $24.07M
NOI $1,444,450 @ 7.0% cap · market cap 21.64%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Stern Gloria J ...
Physician
Leonardo Eduardo D ...
Physician
Levin Ze-eV MD
Physician
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FAQs
What type of property is this?
Apartment building - Meticulously restored multi-family townhouse near Central Park.
Where is this apartment building located?
The property is located at 24 W 85th St New York, NY.
What is the asking price?
The asking price for this property is $6,675,000.
What are key features of this property?
This property features: Prime Central Park Block Location: Coveted Central Park West Historic District, moments from Central Park and cultural institutions.; Significant Square Footage: Approximately 8,290 square feet including the cellar, offering substantial living space.; Flexible Configuration: Currently configured as five residential units, suitable for live‑with‑income or single‑family conversion.