14 W 69th St #TOWNHOUSE, New York, NY 10023

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 Free Market 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. The apartments are currently leased for an average of ~$3,835 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 high-quality 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 end-users 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 single-family home, or combining multiple apartments to create an owner’s unit while maintaining additional rental income. The property lies within the Upper West Side / Central Park West Historic District and will be sold on an as-is, where-is basis.