330 west 86 street new york ny 10024

Strategically positioned on a premier, tree-lined block between West End Avenue and Riverside Drive, this five-story Renaissance Revival townhouse offers a rare combination of immediate cash flow and significant long-term appreciation. Situated in the heart of the Riverside-West End Historic District, the "Victor Erbacher House" (est. 1891) seamlessly blends Gilded Age architectural prestige with modern, tenant-driven upgrades.

The Opportunity

• Fully Free Market: A 10-unit residential portfolio with zero rent-regulation hurdles, offering maximum flexibility for market-rate leasing or future redevelopment.

• Air Rights Included: The sale includes approximately 13,319 SF of remaining air rights, providing a massive value-add component in a high-density R10A zoning district.

• Condo Conversion Potential: With high ceilings and a turn-key interior, the building is ideally configured for a high-end multi-unit condo conversion.

Property Highlights

• Diverse Unit Mix: Featuring a variety of layouts ranging from efficient studios to convertible two-bedrooms.

• Private Outdoor Space: The ground-floor "Garden Oasis" features an oversized private backyard, while the top-floor "Penthouse" unit boasts a private terrace with skyline views.

• Modern Interiors: Each unit is designed with 10’ to 13’ ceilings, open-concept kitchens, stainless steel appliances, exposed brick accents, and hardwood flooring.

• Efficient Operations: Individual tenant-controlled HVAC units ensure high tenant satisfaction and low owner utility overhead.

Prime Upper West Side Location

Enjoy the best of Manhattan living with Riverside Park just one block to the west and Central Park to the east. The property is steps away from the 86th Street subway (1, 2, 3 lines) and a curated selection of the city's finest dining, including Zabar’s, Jacob’s Pickles, and the cultural landmarks of the Museum of Natural History.