Description

Late 19th Century Limestone, ideal for end-users seeking additional rental income. Designed by renowned architect George Pelham in the late 19th century, 311 West 78th Street is a stunning 18-foot-wide Renaissance Revival townhouse that blends history with opportunity. Nestled between West End Avenue and Riverside Drive, this five-story limestone beauty boasts approximately 5,500 square feet of space, offering both charm and versatility. Currently configured as five residences—including a gracious owner’s duplex with a private garden—this home is an ideal investment or conversion opportunity. Three of the five units are occupied, with two leases set to expire in 2025. Ideal for an end-user who wants rental income to off-set your monthly costs Residence Breakdown: Owner’s Duplex (Garden Level & Second Floor – Unit 1) A true sanctuary, this expansive duplex features a private garden and elegant living spaces. The garden level offers a charming one-bedroom, one-bath layout, along with a skylit eat-in kitchen and dining area that opens onto a lush 31' x 19' private garden—perfect for summer entertaining. A spiral staircase leads to the grand second floor, where soaring 11'2" ceilings frame a spacious primary suite with original plaster ceiling details, an en-suite bath with a soaking tub, and an inviting sitting room. Third Floor – Unit 2 A sunlit, free-market one-bedroom residence exuding Parisian charm. Highlights include a large sitting room, ample closet space, and a well-appointed kitchen with custom cabinetry, modern appliances, and in-unit laundry. The oversized bedroom at the rear features intricate molding, custom-built armoires, and classic hardwood floors. Ceiling height: 10'3". Fourth Floor – Units 3 & 4 This level houses two distinct studio apartments. The south-facing studio features original hardwood floors, a kitchenette, and a bathroom. The north-facing studio is a renovated free-market unit which boasts exposed brick, wood-beamed ceilings, and a private terrace—a rare and special retreat in the city. Unit 3 is rented at market rate, while Unit 4 is currently unoccupied and used by the owner. Ceiling height: 9'6". Fifth Floor – Unit 5 A rent-stabilized studio with 8-foot ceilings, offering steady income. The rent stabilized rent is very close to free market values. Cellar Spanning the full length of the building, the 7'8"-high cellar is exceptionally well-maintained, housing the building’s mechanicals, sprinkler system, and additional storage. A Home Lovingly Maintained Owned for over 40 years, this property has been meticulously cared for, with thoughtful upgrades including a new boiler, water heaters, and thermostats. A rare opportunity to own a piece of history in one of the Upper West Side’s most desirable locations. Showings by appointment only. Listing courtesy of Compass ...
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