346 W 87TH St 9 Unit Apartment Building $4,500,000 ($500,000/Unit) 5.54% Cap Rate New York, NY 10024

Magnificent 20 x 100 Brownstone situated in the coveted Upper West Side landmark district on a picturesque, tree-lined block just off Riverside Park. A rare opportunity to enter the prime Manhattan market at an exceptional price, this property seamlessly combines classic architectural details with excellent income potential, located at 346 West 87th Street, New York, NY 10024.
Enjoy Owner occupancy with strong income, or add this prime Upper West Side property to your investment portfolio, the building is investor-ready with tenants in place, or may be delivered vacant to transform into a truly exceptional property with an additional 5516 Sf of unused FAR!
Unit breakdown - 10 units currently configured into 9 units include 6 loft-like market-rate apartments with no rent restrictions, and 3 rent-stabilized units - of which 2 are owner-occupied, and 1 vacant. Charming layouts feature high ceilings, decorative fireplaces and bonus lofts convenient for guests, storage, or home office usage, plus a spaciously combined 2-bedroom 2-bath Owners Residence with an expansive private backyard.
Experience prime Upper West living and ultimate convenience, with immediate access to some of the finest restaurants, cafes, and shopping in the city, stunning parks, and easy public transportation with major subway lines and bus routes just outside your door, this hidden gem is priced to sell!
Brochure upon Request. Shown by appointment only. 24- hours notice required.
Note: Some photos are virtually staged.