Multi-family

Boutique Multifamily Investment on the Upper West Side – 489 West End Avenue

Address: 489 West End Avenue, New York, NY, 10024
Price: $6,250,000 ($1,250,000 per Unit)
Sale Type: Investment Sale
Type: 3-Star Mid-Rise Apartments
Location: Urban – Upper West Side / Landmark District
Units: 5 Residential Units
Avg Unit Size: 882 SF
Stories: 6 Stories
Building Class: B
Gross Building Area (GBA): 7,764 SF
Typical Floor Size: 1,294 SF
Number of Buildings: 1
Units per Acre: 109 Units/AC
Market Segment: All (Open to Private and Institutional Investors)
Rent Type: Market Rate

Investment Overview:

489 West End Avenue offers investors a rare opportunity to acquire a boutique multifamily property in the heart of Manhattan’s coveted Upper West Side. Featuring five market-rate units within a charming landmark district mid-rise, this asset combines stable income with significant long-term appreciation potential in one of New York City’s most historically resilient rental markets.

Key Features:

Prestigious Upper West Side Location:

✔ Prime address on West End Avenue near 83rd Street
✔ Steps from Riverside Park, Broadway, and top-rated public and private schools
✔ Surrounded by luxury condominiums, historic brownstones, and vibrant retail corridors

Efficient Boutique Property:

✔ 5 spacious, market-rate apartments averaging 882 SF per unit
✔ 6-story mid-rise structure offering an intimate, residential feel
✔ Positioned within a Landmark District, enhancing long-term value stability

Building Specifications:

✔ 7,764 SF Gross Building Area with typical floors averaging 1,294 SF
✔ Single building with a density of 109 units/AC
✔ Class B property with strong fundamentals and potential for light value-add improvements

Financial Highlights:

✔ Asking Price: $6,250,000 ($1,250,000 per unit)
✔ 100% market-rate leases providing strong and predictable cash flow
✔ Attractive opportunity for stable rental income with future upside through strategic upgrades

Conclusion:

489 West End Avenue presents a compelling opportunity to own a boutique multifamily asset in one of Manhattan’s premier residential neighborhoods. Ideal for investors seeking a high-quality, historically stable location with consistent rental demand and future value appreciation.

Contact us today to request full financials or schedule a private tour.