DESCRIPTION

Late 19th century limestone, ideal for end-users seeking additional rental income.  Designed by renowned architect george pelham in the late 19th century, 311 west 78th street is a stunning 18-foot-wide renaissance revival townhouse that blends history with opportunity.  Nestled between west end avenue and riverside drive, this five-story limestone beauty boasts approximately 5,500 square feet of space, offering both charm and versatility.  Currently configured as five residences—including a gracious owner’s duplex with a private garden—this home is an ideal investment or conversion opportunity.  Three of the five units are occupied, with two leases set to expire in 2025.  Ideal for an end-user who wants rental income to off-set your monthly costs residence breakdown: owner’s duplex (garden level & second floor – unit 1) a true sanctuary, this expansive duplex features a private garden and elegant living spaces.  The garden level offers a charming one-bedroom, one-bath layout, along with a skylit eat-in kitchen and dining area that opens onto a lush 31' x 19' private garden—perfect for summer entertaining.  A spiral staircase leads to the grand second floor, where soaring 11'2" ceilings frame a spacious primary suite with original plaster ceiling details, an en-suite bath with a soaking tub, and an inviting sitting room.  Third floor – unit 2 a sunlit, free-market one-bedroom residence exuding parisian charm.  Highlights include a large sitting room, ample closet space, and a well-appointed kitchen with custom cabinetry, modern appliances, and in-unit laundry.  The oversized bedroom at the rear features intricate molding, custom-built armoires, and classic hardwood floors.  Ceiling height: 10'3".  Fourth floor – units 3 & 4 this level houses two distinct studio apartments.  The south-facing studio features original hardwood floors, a kitchenette, and a bathroom.  The north-facing studio is a renovated free-market unit which boasts exposed brick, wood-beamed ceilings, and a private terrace—a rare and special retreat in the city.  Unit 3 is rented at market rate, while unit 4 is currently unoccupied and used by the owner.  Ceiling height: 9'6".  Fifth floor – unit 5 a rent-stabilized studio with 8-foot ceilings, offering steady income.  The rent stabilized rent is very close to free market values.  Cellar spanning the full length of the building, the 7'8"-high cellar is exceptionally well-maintained, housing the building’s mechanicals, sprinkler system, and additional storage.  A home lovingly maintained owned for over 40 years, this property has been meticulously cared for, with thoughtful upgrades including a new boiler, water heaters, and thermostats.  A rare opportunity to own a piece of history in one of the upper west side’s most desirable locations.  Showings by appointment only.  


Data is provided by The Real Estate Board of New York, Inc..