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Central Park Block Townhouse

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
Listed by Dexter A Guerrieri
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 (±1% cap)
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 (±1% cap)
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

Suggested Use

Law Firm Real Estate Agency Gym & Fitness Center Parking Lot & Garage Hotel & Motel Nursing Home Nursing Home Carpet & Flooring Store Garden Center Acupuncture

Zoning and permitted uses should be independently verified with local authorities.

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.
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