322 WEST 80TH STREET

LIVE ALL EXPENSES PAID! This 22-wide house offers an owner four glorious floors of privacy while two tenants upstairs pay all of your real estate taxes, utilities, heat, insurance, superintendent-everything! Or the house can be delivered entirely vacant for conversion into a single family. The architecture of this building is a fabulous original 1899 Clarence True design with the Elizabethan Renaissance Revival facade, bow front, brick and limestone accents, wrought iron grilles, fencing, and scrolled pediment. This house is built on a full 102-deep lot, not often found with Clarence True houses. A rare feature for Upper West Side houses is the one-step-up entrance rather than the high stoop more commonly found. The house is at the center of the Riverside Drive-West 80th Street Historic District, one of the most photographed blocks on the Upper West Side. This house is 3 legal apartments and can be delivered entirely vacant. LAYOUT APARTMENT #1 The newly renovated 5,600 square foot quadplex offers a private street entrance, 5 to 6 bedrooms, a fabulous planted South garden, and loads of original period detail. Enter through period wrought-iron gates into the original Clarence True-designed 18 x 20 entrance gallery. The first floor includes a serving kitchen, a living room, and access to the planted garden. The south-facing garden has a planting shed and receives lots of light. Floor 2 is the impressive formal entertaining floor with 11 ceilings, an elaborate formal dining room with a WBFP carved mantle, wall wainscoting, a beamed ceiling, and a powder room. The living room is ornate and impressive with carvings, two enormous windows, and a WBFP. Floor 3 has 3 bedrooms, including the master with an ensuite bath. The finished cellar with 8 ceilings is a fabulous recreation space and has access to a lower garden. The apartment is in excellent condition, having just undergone a complete renovation of the 2 kitchens and 5 baths. APARTMENT #2 Located on the fourth floor and accessed by the former service stairway, this full-floor 3-bedroom/2-bath rental has all the charm and space you would want-hardwood floors, exposed brick walls, a WBFP, great light, and UWS city views both north and south. There is a D/W, laundry, and through-wall AC. The apartment is in very good condition, pays below fair market rent, and can be delivered vacant. APARTMENT #3 Located on the fifth floor and sharing the former service stairway with unit #2, this 3-bedroom/2-bath apartment also has a sleeping loft and a 160-square-foot south-facing sun-drenched terrace. The charm of exposed brick walls, WBFP, hardwood floors, and UWS city views are all here as well. Laundry, D/W, and through-wall AC. The apartment is in very good condition, pays below fair market rent, and can be delivered vacant. The annual operating expenses for the building are: Real Estate Taxes 73,273, Heat 10,000, Water/Sewer 2,920, Common Area Electric 4,800, Insurance 18,000, Superintendent 7,000, Repairs 5,000, and Total Annual Operating Expenses 120,993. Apartments 2 and 3 have rental market values of 6,000 and 6,500 monthly, with 150,000 annual rents. Leaving money to even pay for a managing agent and concierge service to take care of rent collection, bill paying, and maintenance. This is a rare opportunity to own a historic 22-foot-wide townhouse and live, all expenses paid, in your four-story, 5,600-square-foot home.