Massey Knakal Realty Services has been retained on an exclusive basis to sell a townhouse at 321 West 108th Street. The property is located between Broadway and Riverside Drive on Manhattan’s Upper West Side. The asking price is $5,250,000.
The five-story townhouse with four-story rear extension contains approximately 7,490 square feet and sits on a 19’ x 100.92’ lot. The property was home to the famous Irish American Composer and conductor, Victor Herbert, who lived in the house from 1904 to his death in 1924. It contains 13 units, of which one is owner occupied, four are free market, one is temporarily exempt, two are rent stabilized, one is rent controlled and five are SRO units of which three are vacant. The units consist of an array of different layouts, including one duplex, two one-bedrooms, five studios and five SRO units, one of which has a private terrace. There is rich decorative woodwork throughout, inlaid hardwood floors, decorative period fixtures, original fireplace mantels, four skylights and a lovely landscaped garden, which can be accessed via the owner’s duplex. The building is heated by a #2 oiler boiler, is individually metered for electric and features a new back flow prevention system.
Ideally located just steps from Riverside Park, the property is coming to the market for the first time in over 40 years and is ideal for a buyer seeking an opportunity to live with income or an investor looking to capitalize on the long term upside.
This property is being marketed exclusively by Massey Knakal’s Paul Smadbeck and Hall Oster.
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Neighborhoods: Upper West Side