41 W 72nd St, New York, NY 10023

1 bed, 1 bath
Off Market
Zestimate®: $5,425,370
Rent Zestimate®: $2,787/mo
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The subject offering consists of a total of 19 unsold and occupied residential condo units located within two pristine pre-war condo buildings on the Upper West Side. Of the 19 units, 4 are located at 41 West 72nd Street, also known as The Hermitage, an elegant 17-story residential building located on West 72nd Street between Central Park West and Columbus. All of the 4 units in the Hermitage are rent stabilized, with a combination of 2 one-bedroom and 2 two-bedroom units, generating approx. $65,893 in gross annual revenue, which equates to about $19.35 per square foot. The remaining 15 units are located at 190 Riverside Drive, a striking and unique 11-story prewar condo located on the north east corner of Riverside Drive and West 91st Street. One unit at 190 Riverside Drive is fair market due to vacancy while another is fair market subject to a life lease. The remaining 13 units are rent stabilized. There is a combination of 1 three-bedroom, 4 two-bedroom, and 10 one-bedroom units generating an approx. total of $424,669 in gross annual revenue, which equates to about $19.54 per square foot. the combined gross income of approx. $490,562 equates to about $19.35 per square foot, which is well below the market average of $60 per square foot for the neighborhood.
Overview
Building Type: Apartment Buildings
Unit Sq Ft: 25,724
Residential Units: 19
Investment Information
Gross Annual Income: $490,562
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Facts
  • Lot: 0.59 acres
  • Multi Family
Features
  • Deck
  • Doorman
  • Elevator
  • Patio
Additional Features
  • live_in_super, package_room, pets, roofdeck, terrace
Other
  • Laundry: Shared
  • Zillow Home ID: 2115572365
Home Values
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$5,425,370
+$2,830,081 Last 30 daysd
$4.56M
$6.67M
Zestimate range
Rent Zestimate What's this?
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A Rent Zestimate is Zillow's estimated monthly rental price, computed using a proprietary formula. It is a starting point in determining the monthly rental price for a specific property. Learn more

The Rent Range is the high and low estimate for which an apartment or home could rent. The more information we have, the smaller the range, and the more accurate the Rent Zestimate. See data coverage and accuracy table
$2,787/mo
-$64 Last 30 daysd
$2.3K
$3.5K
Zestimate range

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Neighborhood for 41 W 72nd Street

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Zillow predicts Upper West Side home values will increase 6.6% next year, compared to a 5.5% increase for New York as a whole.

Foreclosures will be a factor impacting home values in the next several years. In Upper West Side, the number of foreclosures waiting to be sold is 125% greater than in New York, and 88.3% less than the national average. This higher local number may prevent Upper West Side home values from rising as quickly as other regions in New York.

Learn more about forecast calculations or Upper West Side home values.
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     Other Units in this Building (37)ZestimateBedsBathsSqft

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    Are you an agent looking for more exposure for yourself or your listings? Call Zillow at 866-324-4005

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