Description

A distinctive townhouse just off Central Park West, 8 West 87th Street combines historic architecture, newly renovated interiors, established rental income, and the potential for a future private residence.

Spanning approximately 6,746 square feet across five stories, the property is currently configured as seven residential units on a 20-foot-wide lot. A comprehensive gut renovation completed in 2025 transformed the entire interior, with reconfigured apartment layouts and high-end finishes throughout. Current annual rental revenue is approximately $447,240, with projected annual revenue of approximately $552,492 based on the offering's rental assumptions.

Designed by Norman & Farber, the building's Châteauesque architecture brings a French-inspired elegance to the streetscape. A limestone base, pale brick facade, carved stone ornament, and a distinctive mansard roof with copper-framed dormers create a memorable presence within the Upper West Side/Central Park West Historic District.

The offering presents several possibilities: continued operation as an income-producing multifamily property, potential rental growth, or exploration of a single-family conversion, subject to existing tenancies and required approvals.

With Central Park at the end of the block and the Upper West Side's restaurants, shops, cultural institutions, and transportation nearby, 8 West 87th Street offers architectural character and long-term possibilities in a coveted Manhattan location.

Financial information is available upon request. By appointment only.

Brochure: https://issuu.com/elliman98/docs/stevenkramer?frsMTQwNzkzNDY2OTk