311 West 78th Street Upper West Side Townhouse For Sale

Cash Buyers Only – 5-Unit Limestone with Vacancies & Upside\n\nIdeal for an end-user seeking a home with income or an investor looking for long-term upside.\n\n311 West 78th Street is an 18-foot-wide Renaissance Revival limestone with approx. 5,000 SF across five stories, located just off Riverside Park between West End Avenue and Riverside Drive.\n\nThe property is configured as five residential units: three stabilized (Owner’s Duplex, 4th Floor front studio, and 5th Floor studio) and two free market (3rd Floor one-bedroom and 4th Floor rear studio). The Owner’s Duplex and the 4th Floor front studio will be delivered vacant. The 3rd Floor one-bedroom is free market and rented at $6,000/month. The 5th Floor stabilized studio remains occupied.\n\nOwner’s Duplex (Garden & Parlor): Skylit kitchen/dining, 31’ x 19’ garden, 11’ ceilings, original plaster details, and working fireplaces. Delivered vacant.\n\n3rd Floor (Unit 2 – Free Market): One-bedroom with 10’ ceilings, laundry, and working fireplace. Rented at $6,000/month.\n\n4th Floor: Rear studio (free market, terrace, exposed brick, washer/dryer). Front studio (stabilized). Front delivered vacant.\n\n5th Floor (Unit 5 – Stabilized): Studio with rent near market.\n\nAdditional features include a full cellar with 7’8” ceilings, updated mechanicals (new boiler, sprinkler, hot water heaters, thermostats), and long-term ownership.\n\nPlease Note: This property does not qualify for residential financing. Commercial loans for this asset type are generally unavailable. Cash-only purchase.