Log In/Sign Up
Your email has been sent.
46 W 87th St 13 Unit Apartment Building $6,950,000 ($534,615/Unit) 5.55% Cap Rate New York, NY 10024
Investment Highlights
- Four-story multifamily property located less than one block from Central Park on the Upper West Side.
- Convenient to B and C subway lines at 86th Street and 81st Street, with additional access to the 1 line nearby.
- Approximately 8,861 square feet with thirteen residential units and one rent-stabilized apartment.
- Exceptional neighborhood amenities, including cultural institutions, dining corridors, and recreational offerings.
Executive Summary
46 West 87th Street presents the opportunity to acquire a classic Upper West Side multifamily asset located less than one block from Central Park. Situated within the Upper West Side/Central Park West Historic District, the property consists of a four-story plus basement apartment building containing approximately 8,861 square feet across thirteen residential units.
The property benefits from exceptional proximity to Central Park, the American Museum of Natural History, and the extensive dining, retail, and cultural amenities that define the Upper West Side. Residents enjoy convenient access to the B and C subway lines at 86th Street and 81st Street, as well as the 1 train along Broadway, providing connectivity throughout Manhattan and the greater metropolitan area.
46 West 87th Street offers investors the opportunity to own a well-located multifamily building in a highly sought-after neighborhood characterized by strong residential demand, limited housing supply, and enduring appeal among renters seeking access to Central Park and the cultural amenities of Manhattan's Upper West Side.
The property benefits from exceptional proximity to Central Park, the American Museum of Natural History, and the extensive dining, retail, and cultural amenities that define the Upper West Side. Residents enjoy convenient access to the B and C subway lines at 86th Street and 81st Street, as well as the 1 train along Broadway, providing connectivity throughout Manhattan and the greater metropolitan area.
46 West 87th Street offers investors the opportunity to own a well-located multifamily building in a highly sought-after neighborhood characterized by strong residential demand, limited housing supply, and enduring appeal among renters seeking access to Central Park and the cultural amenities of Manhattan's Upper West Side.
Property Facts
| Price | $6,950,000 | Apartment Style | Mid-Rise |
| Price Per Unit | $534,615 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.05 AC |
| Cap Rate | 5.55% | Building Size | 8,861 SF |
| No. Units | 13 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 4 |
| Property Subtype | Apartment | Year Built | 1910 |
| Zoning | R7-2 - Medium-density apartment house district with lower parking requirements | ||
| Price | $6,950,000 |
| Price Per Unit | $534,615 |
| Sale Type | Investment |
| Cap Rate | 5.55% |
| No. Units | 13 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | C |
| Lot Size | 0.05 AC |
| Building Size | 8,861 SF |
| Average Occupancy | 100% |
| No. Stories | 4 |
| Year Built | 1910 |
| Zoning | R7-2 - Medium-density apartment house district with lower parking requirements |
Amenities
Unit Amenities
- Air Conditioning
- Heating
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
Site Amenities
- Controlled Access
- Tenant Controlled HVAC
- Recycling
- Smoke Free
- Smoke Detector
1 1
Exceptionally walkable
100/100
Somewhat drivable
30/100
Exceptional public transit
100/100
Exceptionally bikeable
90/100
Property Taxes
| Parcel Number | 1200-0152 | Improvements Assessment | $806,760 |
| Land Assessment | $225,000 | Total Assessment | $1,031,760 |
Property Taxes
Parcel Number
1200-0152
Land Assessment
$225,000
Improvements Assessment
$806,760
Total Assessment
$1,031,760
1 of 11
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
1 of 1
