The Chatsworth, a Beaux Arts apartment building in the Upper West Side, is going on the market for the first time in almost seven decades and could garner more than $150 million.

The 139-unit property at 344 West 72nd Street was built in 1904 and has been owned by the family of Lenore Dean for 67 years, The Wall Street Journal reported. About half of the apartments are rent-stabilized; one-bedrooms rent for an average of $1,600 a month, $1,000 less than the market rate for comparable units in the same neighborhood.

The 13-story building on the corner of Riverside Drive has been renovated several times in recent years, including $1.2 million spent repairing the russet facade.  In 2010, the lobby was restored to its early 1900s design. Long-time owner Dean died in 1998 at age 93, and the property passed to her five grandchildren, who put it up for sale.

Eastern Consolidated‘s David Schechtman, Peter Hauspurg and Lipa Lieberman are marketing the Chatsworth.

“It was not a case of financial distress,” Schechtman told The Wall Street Journal. “They’ve had hundreds of unsolicited offers over the years.”

There are two active rental listings for the building — a three-bedroom, two-bath unit asking $11,000 per month and a two-bedroom, one-bath asking $4,200 per month.

Interior photos below, from Prudential Douglas Elliman‘s rental listings:

Developments featured in this article

More Like This

Facebook Chatter