Five-Story Manhattan Townhouse For Sale ($7MM) in Prime Upper West Side Neighborhood

23-Mar-2023

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An eternal optimist, Liu-Yue built two social enterprises to help make the world a better place. Liu-Yue co-founded Oxstones Investment Club a searchable content platform and business tools for knowledge sharing and financial education. Oxstones.com also provides investors with direct access to U.S. commercial real estate opportunities and other alternative investments. In addition, Liu-Yue also co-founded Cute Brands a cause-oriented character brand management and brand licensing company that creates social awareness on global issues and societal challenges through character creations. Prior to his entrepreneurial endeavors, Liu-Yue worked as an Executive Associate at M&T Bank in the Structured Real Estate Finance Group where he worked with senior management on multiple bank-wide risk management projects. He also had a dual role as a commercial banker advising UHNWIs and family offices on investments, credit, and banking needs while focused on residential CRE, infrastructure development, and affordable housing projects. Prior to M&T, he held a number of positions in Latin American equities and bonds investment groups at SBC Warburg Dillon Read (Swiss Bank), OFFITBANK (the wealth management division of Wachovia Bank), and in small cap equities at Steinberg Priest Capital Management (family office). Liu-Yue has an MBA specializing in investment management and strategy from Georgetown University and a Bachelor of Science in Finance and Marketing from Stern School of Business at NYU. He also completed graduate studies in international management at the University of Oxford, Trinity College.







7K sf above grade, 1K cellar, 1,737 sf lot, 17 x 102, Zoning R8B, Tax: $23k/yr

This is a value-added five-story townhouse available for sale ($7MM) in a prime Upper West Side Manhattan neighborhood. The property will be delivered vacant. The property can be gut renovated into an income producing property and is ideal for both home owners as well as investors.

This building is situated in one of the most affluent neighborhoods in Manhattan. The townhouse is located in a quiet tree-lined neighborhood; just 1/2 block away from Central Park. It’s in a prime location with easy access to world class museums, high-end retail, and some of the finest restaurants in NYC. The property is conveniently located near multiple transit stations.

Property taxes is $23K/yr

Using sales of comparable properties in the area we derive the following fair market value for the building:

$2,330psf = $16.3MM Fair Market Value

*The current 5K sf building is underutilized by 2K sf. A buyer can gut renovate and add an additional floor to become a 7K sf six-story building with a 1K sf cellar

Oxstones Real Estate, www.Oxstones.com CRE@Oxstones.com


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