Upper West Side Multifamily Investment – Prime Central Park Block
Address: 13 West 89th Street, New York, NY 10024
Asking Price: $6,250,000 ($1,250,000/Unit)
Sale Type: Investment
Building Size: 6,125 SF
Units: 5
Stories: 4
Construction: Masonry
Year Built: 1900
Availability: Immediate
Investment Overview:
13 West 89th Street presents a rare opportunity to acquire a fully market-rate, 5-unit multifamily property located just steps from Central Park in Manhattan’s prestigious Upper West Side. Built in 1900, this classic masonry mid-rise offers a blend of historic charm and modern livability, with individually metered units providing stable income potential. The property benefits from strong neighborhood demand, proximity to major cultural attractions, and excellent public transit access.
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Property Highlights:
- 6,125 SF mid-rise apartment building
- 5 market-rate residential units
- Individually metered for utilities
- Typical floor plate: approx. 1,531 SF
- Solid masonry construction with historic prewar character
- Situated on a tree-lined block just off Central Park West
Investment Strengths:
- Prime Location: Steps from Central Park, American Museum of Natural History, and premier dining/shopping corridors on Columbus and Amsterdam Avenues
- Market-Rate Rent Roll: Opportunity for strong rental income and appreciation
- Historic Asset: Prewar architectural charm with potential for value-add upgrades
- High-Demand Neighborhood: Consistently low vacancy rates in Upper West Side multifamily sector
Financial Summary:
- Asking Price: $6,250,000 ($1,250,000 per unit)
- Units: 5 residential
- Gross Building Area: 6,125 SF
- Zoning & potential expansion subject to verification
- All units metered individually for gas/electric
Conclusion:
13 West 89th Street offers investors a stable, well-located multifamily asset with significant long-term upside in one of Manhattan’s most desirable residential neighborhoods. With its Central Park adjacency, market-rate status, and historic character, this property is an ideal acquisition for investors seeking both income stability and value appreciation in a premier location.
Contact us today to request the rent roll, financials, and to arrange a property tour
