JLL has been retained on an exclusive basis to arrange for
the sale of 43 West 74th Street, a historic 20’ wide multifamily
brownstone located on the north side of West
74th Street just steps from Central Park. Constructed in
1889 as one of an original row of five homes designed
and built by the well-known architect Max Hensel, the
property has been owned and managed by the same
family for multiple generations.
The 74th Street block between Central Park West and
Columbus Avenue is among the most distinguished on
the Upper West Side, known chiefly for the unique row
of seventeen 25-foot wide Neo-Georgian mansions built
in 1904 by the Clark family, builders of the Dakota. One
of these, No. 22, just sold in February of 2020 for $18.2M
and the property next door to the subject at No. 41 sold
for $16.25M in 2014.
43 West 74th Street is currently configured as nine
vacant, free-market apartments with ceiling heights
ranging from approximately 10.5’ to 11.7”. There is
an extra-large, four-story extension built to a depth of
approximately 92 feet which contains an entire line of
studio apartments with bay windows offering bright
views of the open green space and iconic twin towers of
the San Remo to the east. A currently dormant elevator
shaft is already in place and ready for new equipment.
Clearly, whether a purchaser wishes to convert 43 West
74th Street to its original single-family use or renovate as
an income-producing investment for future appreciation,
43 West 74th Street represents a spectacular purchase
opportunity on a Central Park block with a uniquely
significant architectural pedigree. Priced at $5,900,000
this extremely well-located property will not last long.