Ariel Property Advisors has exclusively listed 149 West 105th Street, a 7-story, 25,816-square-foot, mixed-use elevator building with 49 feet of frontage between Amsterdam and Columbus Avenues on the Upper West Side. Listed at $7.5 million, the building currently contains 30 residential units and an office on the first two floors. The Ariel brokers for the listing are Victor Sozio, Executive Vice President; Shimon Shkury, President; Michael A. Tortorici, Executive Vice President; and Mark Anderson, Investment Sales Director.

The residential portion of the building presents a strategic income opportunity with 20 one-bedroom and 10 studio apartments. The 6,052-square-foot office section is currently owner-occupied and will be delivered vacant, offering an immediate owner-user opportunity, as well as the potential for a residential conversion and significant revenue increase. The office space also features a private elevator and a private staircase connecting the two floors.

“149 West 105th Street presents a great deal of long-term income and investment upside, bolstered by the office conversion opportunity,” says Sozio. “The building is situated in a prime location near world-class education and healthcare, New York’s premier park and all of the retail and dining the Upper West Side and Morningside Heights have to offer.”

149 West 105th Street is located on the north side of a tree-lined, primarily residential street just two blocks from Central Park and within walking distance of Columbia University, Mount Sinai Morningside Hospital, The Cathedral Church of Saint John the Divine and a high density of local restaurants and shopping. The retail corridors of Amsterdam Avenue and Broadway present a large amount of foot traffic from students, faculty and young professionals for potential businesses in the office space. Transportation options include the 1, A, B and C subways, all within a five-minute walk.

About Ariel Property Advisors

Ariel Property Advisors is a commercial real estate services and advisory company located in New York City. The company covers all major commercial asset types throughout the New York metropolitan area, while maintaining a very sharp focus on multifamily, mixed-use and development properties. Ariel’s Research Division produces a variety of market reports that are referenced throughout the industry. arielpa.nyc.