Multi-family

Investment Opportunity at 248-250 West 102nd Street, New York, NY, 10025

Unlock the potential of this urban multifamily property situated in Manhattan’s Upper West Side. With a competitive price point and a desirable location, this 2-star mid-rise apartment complex presents a compelling opportunity for savvy investors seeking steady rental income and long-term value.

Property Details:

• Asking Price: $4,950,000 ($247,500/Unit)
• Sale Type: Investment
• Property Type: 2-Star Mid-Rise Apartments
• Gross Building Area (GBA): 10,055 SF
• Typical Floor Size: 1,770 SF
• Number of Units: 20
• Average Unit Size: 1,000 SF
• Number of Stories: 5
• Building Class: C
• Number of Buildings: 2

Investment Highlights:

Appealing Scale: The property consists of 20 spacious units across two buildings, offering significant income potential while maintaining operational manageability.

Urban Location: Positioned in the heart of the Upper West Side, the property provides residents with convenient access to local amenities, public transportation, parks, and cultural attractions.

Spacious Layouts: Each unit averages 1,000 square feet, appealing to tenants seeking comfortable living spaces in a prime Manhattan location.

Steady Rental Income: With all units at market rent, this property ensures competitive leasing rates and a strong revenue stream for investors.

Efficient Design: The property’s five-story structure and typical floor size of 1,770 square feet create an optimized layout for maximizing rental income.

Affordable Entry Point: At $247,500 per unit, the property represents an attractive investment in Manhattan’s rental market, with opportunities for value-add improvements and future appreciation.

Neighborhood Appeal: Located in a thriving residential area, the property is well-positioned to attract a mix of families, professionals, and students, ensuring a diverse tenant base.

This property combines location, affordability, and scale to provide an exceptional investment opportunity in one of Manhattan’s most desirable neighborhoods.

Reach out today to schedule a private tour or for additional information about this offering.