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Property Description
JLL has been retained on an exclusive basis to arrange
for the sale of 52 West 88th Street, a 20’ wide, 5-story,
brick and brownstone townhouse located on the
south side of West 88th Street between Central Park
West and Columbus Avenue. This stretch of West 88th
Street, just steps from Central Park, is arguably one
of the Upper West Side’s most tranquil and desirable
residential blocks.
The Renaissance Revival style rowhouse at # 52 was
constructed in 1887-89 as part of an original row of
19 (#’s 30-62) designed by the venerable 19th century
architects Thom & Wilson. Surrounded by townhouses
on all sides, 52 West 88th Street offers exceptional
light and air from every floor together with its airy
and beautifully landscaped south-facing garden.
The house is currently divided into seven residential
units featuring a gorgeous, handsomely renovated
4-bedroom/3-bath garden triplex with central air
conditioning, high-end kitchen appliances, wine
cooler, central audio system, washer/dryer, and
open rear garden. The triplex is currently rented
until August of 2021. The remaining six apartments
are configured as 1 bedroom/1 bath units on the top
three floors with a rent stabilized unit located on the
third-floor rear. The five fair-market upper-floor units
are all crisply finished and, with the exception of 3rd
floor rear, will be delivered vacant. The property is
easily accessible by the 86th Street A, B and C subway
station at Central Park West and is only three blocks
from the 86th Street and Broadway 1 & 2 subway
station.
52 West 88th Street presents a unique opportunity
to acquire a well-located, versatile property ideal
for use in its current configuration as a turnkey, live-plus-
income residence, conversion to single-family,
or as a cash-flowing investment with exceptional
possibilities for future appreciation.
Investment Highlights
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