PROPERTY FEATURES

PROPERTY DESCRIPTION

PROPERTY HIGHLIGHTS

For more informationor inspection, pleasecontact Exclusive Agents:

HALL OSTERManaging Director+1 212 377 2136hall.oster@am.jll com

TEDDY GALLIGANAssociate+1 212 377 2519teddy.galligan@am.jll com

TIM O’BRIENAssociate+1 847 826 3355tim.obrien@am.jll com

PAUL SMADBECKManaging Director+1 212 377 2278paul.smadbeck@am.jll com

DISCLAIMERAlthough information has been obtained from sources deemed reliable, neither Owner nor JLL makes any guarantees, warranties or representations, express or implied, as to the completeness or accuracy as to the information contained herein. Any projections, opinions, assumptions or estimates used are for example only. There may be differences between projected and actual results, and those differences may be material. The Property may be withdrawn without notice. Neither Owner nor JLL accepts any liability for any loss or damage suffered by any party resulting from reliance on this information. If the recipient of this information has signed a confidentiality agreement regarding this matter, this information is subject to the terms of that agreement. ©2018. Jones Lang LaSalle IP, Inc. All rights reserved

106 West 80th Street

JLL has been retained on an exclusive basis to arrange for the sale of 106 West 80th Street, an 18’ wide Renaissance Revival townhouse located on the south side of West 80th Street between Columbus and Amsterdam Avenues.

106 West 80th Street contains 9 apartments, of which 5 are Free Market and 4 are Rent Stabilized. The units consist of 3 duplexes, 1 three-bedroom floor-through, 2 one-bedrooms, and 3 studios. The Free Market units have been recently renovated and are achieving an average rent of approx. $3,294 per month. The Rent Stabilized units are renting for an average of approx. $1,472.

The property possesses approximately 1,314 SF of excess air-rights which could be used to expand the overall square footage by adding to the rear extension. Any plans for use of the excess air-rights will be subject to Landmarks Preservation Commission approval as the property lies within the UWS – Central Park West Historic District.

106 West 80th Street will appeal to an array of purchasers interested in acquiring a well preserved multi-family townhouse in a prime location. The property will be sold on an as-is where-is basis.

ASKING PRICE: $5,475,000

MULTIFAMILY TOWNHOUSESTEPS FROM THE AMERICAN MUSEUM OF NATURAL HISTORY & CENTRAL PARK • 18’ WIDE • 9 APARTMENTS

LOCATION South Side of West 80th Street betweenColumbus & Amsterdam Avenue

BLOCK / LOT 1210 / 138LOT SIZE 18’ x 102.17’LOT AREA 1,839 SFBUILDING SIZE 18’ x 71’STORIES 5 (Plus Penthouse)BUILDING GROSS SF 6,042 SF (Est. Inclusive of Penthouse)UNITS 9ZONING R8B / 4.00 FARHISTORIC DISTRICT Yes (Upper West Side Central Park West)AIR RIGHTS 1,314 (Estimated, Sub. to Verification)ASSESSMENT (19/20) $645,079 (Tax Class 2B)PROJECTED TAXES (19/20) $81,357

Note: All square footages are approximate

• Very well maintained with high ceilingheights and bright interior

• Strong in-place cash flow withadditional long term upside

• Updated Infrastructure & Mechanicals

• Located on quiet cul-da-sac like stretchof West 80th Street

• Walking distance from countless neighborhood amenities, shops andrestaurants

• Centrally located and easily accessible via the and trains

For more informationor inspection, pleasecontact Exclusive Agents:

HALL OSTERManaging Director+1 212 377 2136hall.oster@am.jll com

TEDDY GALLIGANAssociate+1 212 377 2519teddy.galligan@am.jll com

TIM O’BRIENAssociate+1 847 826 3355tim.obrien@am.jll com

PAUL SMADBECKManaging Director+1 212 377 2278paul.smadbeck@am.jll com

DISCLAIMERAlthough information has been obtained from sources deemed reliable, neither Owner nor JLL makes any guarantees, warranties or representations, express or implied, as to the completeness or accuracy as to the information contained herein. Any projections, opinions, assumptions or estimates used are for example only. There may be differences between projected and actual results, and those differences may be material. The Property may be withdrawn without notice. Neither Owner nor JLL accepts any liability for any loss or damage suffered by any party resulting from reliance on this information. If the recipient of this information has signed a confidentiality agreement regarding this matter, this information is subject to the terms of that agreement. ©2018. Jones Lang LaSalle IP, Inc. All rights reserved

106 West 80th StreetREVENUE & EXPENSES

REVENUEGROSS MONTHLY REVENUE $22,359GROSS ANNUAL REVENUE $268,309LESS VACANCY & CREDIT LOSS (3%) - $8,049EFFECTIVE GROSS REVENUE $260,260

RENT ROLLUNIT STATUS TYPE LEASE EXP. MONTHLY RENT ANNUAL RENTBF FM Duplex 6/30/2019 $2,375 $28,500 BR* RS Duplex 7/31/2019 $1,481 $17,772 1R FM 3 Bed / Floor Thru 10/31/2019 $4,400 $52,800 2F FM 1 Bed 4/30/2019 $2,400 $28,800 2R RS Studio 7/31/2019 $1,267 $15,205 3F FM Studio 6/30/2019 $2,300 $27,600 3R RS 1 Bed 6/30/2018 $1,102 $13,224 4F RS Studio 3/31/2019 $2,039 $24,468 4R FM 3 Bed 6/30/2019 $4,995 $59,940 TOTAL $22,359 $268,309

EXPENSESREAL ESTATE TAXES (18/19) Projected 19/20 $81,357 WATER & SEWER Projected @ $750 / Unit $6,750

INSURANCE Projected @ $500 / Unit $4,500 HEATING FUEL Projected @ $1.50 PSF $9,063 ELECTRIC Projected @ $0.25 PSF $1,511 REPAIRS & MAINTENANCE Projected @ $550 / Unit $4,950 PAYROLL Projected @ $500 / Month $6,000 MANAGEMENT Projected @ 3.0% / EGR $7,808 TOTAL EXPENSES $121,938

NET OPERATING INCOMEEFFECTIVE GROSS REVENUE $260,260LESS EXPENSES -$121,938 NET OPERATING INCOME $138,321

ASKING PRICE: $5,475,000

*Tenant Recieving SCRIE credit of $176.38/mo.

W 80TH ST

W 79TH ST

AMST

ERDA

M A

VE COLUM

BUS AVE

BLOCK1210

138

18’

102.

17’

106 W 80

For more informationor inspection, pleasecontact Exclusive Agents:

HALL OSTERManaging Director+1 212 377 2136hall.oster@am.jll com

TEDDY GALLIGANAssociate+1 212 377 2519teddy.galligan@am.jll com

TIM O’BRIENAssociate+1 847 826 3355tim.obrien@am.jll com

PAUL SMADBECKManaging Director+1 212 377 2278paul.smadbeck@am.jll com

DISCLAIMERAlthough information has been obtained from sources deemed reliable, neither Owner nor JLL makes any guarantees, warranties or representations, express or implied, as to the completeness or accuracy as to the information contained herein. Any projections, opinions, assumptions or estimates used are for example only. There may be differences between projected and actual results, and those differences may be material. The Property may be withdrawn without notice. Neither Owner nor JLL accepts any liability for any loss or damage suffered by any party resulting from reliance on this information. If the recipient of this information has signed a confidentiality agreement regarding this matter, this information is subject to the terms of that agreement. ©2018. Jones Lang LaSalle IP, Inc. All rights reserved

106 West 80th StreetPHOTOS