54 West 71st Street

54 W 71st St
Upper West Side

$5,950,000
Price
11
Beds
10
Baths
6,667 Sq. Ft.
$892 / Sq. Ft.
6,667
Sq. Ft.
$892
per Sq. Ft.

Description

The Corcoran Group is pleased to exclusively offer for sale 54 West 71st Street, a 10-unit multifamily building located on Manhattan's iconic Upper West Side neighborhood of New York City. Seven of the ten apartments are free market while the remaining three units are rent regulated. The 20' foot wide building spans over 6,600 square feet with each of the five floors above the cellar containing two apartments. The seven free market apartments have had extensive renovations with two of these apartments...The Corcoran Group is pleased to exclusively offer for sale 54 West 71st Street, a 10-unit multifamily building located on Manhattan's iconic Upper West Side neighborhood of New York City. Seven of the ten apartments are free market while the remaining three units are rent regulated. The 20' foot wide building spans over 6,600 square feet with each of the five floors above the cellar containing two apartments. The seven free market apartments have had extensive renovations with two of these apartments having large south-facing sun-drenched terraces. The apartments are generally filled with ample natural light and occupants enjoy high ceilings. Five of the free market apartments have highly coveted in-unit washers and dryers. The building's fa ade has been beautifully restored and repaired. 54 West 71st Street is on a park block between Central Park West and Columbus Avenue in Manhattan's Upper West Side neighborhood just north of Lincoln Square. The combined areas provide an abundance of neighborhood options to enjoy cultural institutions, recreational and fitness activities, dining, shopping, entertainment, medical care, educational institutions and endless modes of transportation. The neighborhood is known for it's picturesque brownstone, tree-lined streets with West 71st Street being no exception. Only steps from the world-renowned Central Park, an 843-acre park that opened in 1859, and Riverside Park, a 266-acre park that opened in 1875, this location offers access to unprecedented green space in a high density urban setting. The property is fully occupied with the exception of one unit which will be delivered vacant upon sale. The gross potential rent for the apartments is approximately $369,000. Property improvements Electrical The electrical system of the building underwent significant upgrades, including the enhancement of service to 400- amps. Each of the ten apartments received individual 100-amp service wires, a crucial improvement to meet modern electric demands. As part of the renovation process, all fully renovated apartments had their new 100-amp services activated, along with the installation of new panel boxes. Gas The gas infrastructure of the building underwent comprehensive updates, starting with the replacement of the gas line from the incoming service to the main meter. New gas meters were installed for all apartments and for, modernizing the monitoring and management of gas usage within the building. New gas risers were installed to provide improved distribution of gas to all apartments, enhancing the reliability and safety of the gas supply throughout the building. Plumbing As part of a plumbing overhaul, several critical upgrades were implemented. First the front area drain was replaced, addressing potential drainage issues and enhancing the efficiency of water disposal around the building's perimeter. Second, a portion of the domestic water line in the cellar was replaced, a crucial improvement to maintain the integrity and efficiency of the building's water supply system. FIRE SPRINKLER The building's fire protection system underwent a significant enhancement with the replacement of the sprinkler main from the street into the building. This upgrade ensured that the primary conduit for distributing water to the sprinkler system was up to date and fully functional, enhancing the building's fire safety measures. INTERCOM Modernization of the intercom system throughout the building included the replacement of low voltage wires for the intercom in every apartment, addressing any potential wiring issues and ensuring reliable connectivity. Additionally, new intercom consoles were installed in each apartment, providing residents with updated, user-friendly interfaces for seamless communication with visitors and building management. BUILDING FACADE The building facade underwent a thorough renovation, including repairs to brick and brownstone masonry, repointing, and spalling repair. Windows and cornices were stripped, painted, and caulked for restoration. Furthermore, the brownstone entry was refurbished, featuring a new wood door installation. These efforts revitalized the facade's appearance while reinforcing its structural integrity. SIDEWALK The sidewalk was replaced, and new garbage can enclosures were installed after recessing the garbage can area. These upgrades improved both the sidewalk's durability and the efficiency of waste disposal.

Property Details for 54 West 71st Street

Zoning
R8B
LISTING UPDATED: 12/17/2024 02:47 PM

Property Details for 54 West 71st Street

StatusActive
MLS IDRPLU-33422958979
Days on Market258
Taxes$89,769 / month
Maintenance-
Min. Down Pymt-
Total Rooms37.0
Compass TypeMulti Family
MLS TypeHouse/Building
Year Built1900
Lot Size2,008 SF / 20' x 100'
CountyNew York County

Building

54 W 71st St

10 Units4 StoriesBuilt in 1900

Building Information for 54 West 71st Street

Stories4Residences10Year Built1900Building Size20' x 75'Building Sq. Ft6,000 SFLot Size2,008 SF / 20' x 100'Building AgePre-warBuilding TypeTownhouse

Property Information for 54 West 71st Street

Summary
Location and General Information
  • Subdivision Name: Lincoln Square
  • Stories Total: 4
  • Garage Spaces: 0.0
  • View: No
Taxes and HOA
  • Tax Lot: 0057
  • Tax Deduction Percent: .00%
  • Tax Block: 01123
  • Association Fee Frequency: Monthly
  • Flip Tax: $0
  • Building Tax Lot: 0057
  • Tax Monthly Amount: 89769.0
  • Tax Abatement YN: false
Parking
  • Garage: No
  • Garage Spaces Assigned YN: false
Property
Lot Information
  • Living Area: 6667.0
  • Living Area Units: SquareFeet
Building Information
  • Landmark Status YN: false
  • Building Smoke Free YN: true
  • Building Laundry Features: None
  • Building Pets Allowed: BuildingNo
  • Capital Reserves YN: false
  • Green Building YN: false
Property and Assessments
  • New Development: No
  • Sponsor Unit: No
  • Certificate Of Occupancy: Yes
  • Percent Of Common Elements: .00%
  • Common Interest: RentalBuilding
  • Number Of Shares: 0
  • New Construction: No
  • Structure Type: WalkUp
  • Property Condition: Good
Interior and Exterior Features
Exterior Features
  • Basement: Other
  • Exterior Features: Balcony
  • Patio And Porch Features: None
Interior Features
  • Entry Level: 5
  • Appliances: WasherDryerAllowed
  • Fireplace Features: Decorative
  • Fireplaces Total: 1
  • Fireplace: Yes
  • Floor Number: 5
  • Basement: No
  • Cooling: No
  • Laundry Features: WasherHookup
  • ElevatorsTotal: 0
Multi Family
Multi-Family Information
  • Number Of Units Total: 10
Rental
Rental Information
  • Pets Allowed: UnitNo
  • Attendance Type: None
  • Land Lease: No
  • Lease Type: StabilizedLease

Property History for 54 West 71st Street

DateEvent & SourcePriceAppreciationLink
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 54 West 71st Street

Taxable ValueLand$444,150Additions$1,339,200Total$1,783,350
Home Facts
Total Finished SqFt6,669 SqFtLot Size2,008 SqFtYear Built1900ZoningR8BAPN1011230057

Schools near 54 West 71st Street

This home is within New York City Geographic District # 3.
Rating
School
Type
Grades
Distance
P.S. 199 Jessie Isador Straus
Public - K to 5
Special Music School
Public - K to 12
The Anderson School
Public - K to 8
Ms 245 The Computer School
Public - 6 to 8
Rating
School
Distance
P.S. 199 Jessie Isador Straus
PublicK to 5

Special Music School
PublicK to 12

The Anderson School
PublicK to 8

Ms 245 The Computer School
Public6 to 8

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

Sorry, we can't find any similar homes at this time. Please check back later.

Similar Sold Homes

Sorry, we can't find any similar sold homes at this time. Please check back later.

Homes for Sale near Upper West Side

Neighborhoods

Cities

ZIPs

More information about 54 West 71st Street, Upper West Side

54 West 71st Street is a multi-family home for sale in Upper West Side. This property was listed for sale on April 9, 2024 by Corcoran Group, it's currently listed at $5,950,000. This listing's school district is New York City Geographic District # 3. Nearby schools include P.S. 199 Jessie Isador Straus, Special Music School and The Anderson School. 54 West 71st Street is a 11-bed, 10-bath, 6,667 sqft multi-family home built in 1900.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Corcoran Group

This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. ©2024 The Real Estate Board of New York, Inc., All rights reserved. The source of the displayed data is either the property owner or public record provided by non-governmental third parties. It is believed to be reliable but not guaranteed. This information is provided exclusively for consumers’ personal, non-commercial use. The data relating to real estate for sale on this website comes in part from the IDX Program of OneKey® MLS. Information Copyright 2024, OneKey® MLS. All data is deemed reliable but is not guaranteed accurate by Compass. See Terms of Service for additional restrictions. Compass · Tel: 212-913-9058 · New York, NY Listing information for certain New York City properties provided courtesy of the Real Estate Board of New York’s Residential Listing Service (the "RLS"). The information contained in this listing has not been verified by the RLS and should be verified by the consumer. The listing information provided here is for the consumer’s personal, non-commercial use. Retransmission, redistribution or copying of this listing information is strictly prohibited except in connection with a consumer's consideration of the purchase and/or sale of an individual property. This listing information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. ©2024 The Real Estate Board of New York, Inc., all rights reserved. This information is not guaranteed, should be independently verified and may not reflect all real estate activity in the market. Offers of compensation set forth here are for other RLSParticipants only and may not reflect other agreements between a consumer and their broker.©2024 The Real Estate Board of New York, Inc., All rights reserved.