Multi-family
ScreenshotDescription
For Sale – 14 West 69th Street, New York, NY 10023
Asking Price: $8,200,000
Price per Unit: ≈$546,667
Property Type: Multifamily Investment
Asset Type: 2-Star Mid-Rise Apartments
Sale Type: Investment
Location: Upper West Side, Manhattan (10023)
Property Overview
14 West 69th Street presents a rare multifamily investment opportunity in the heart of Manhattan’s Upper West Side. This 5-story, 15-unit apartment building offers a total gross building area (GBA) of 13,380 SF, with an average unit size of 596 SF. Built with durable masonry construction and classified as a Class C, 2-star mid-rise, the property provides investors with stable cash flow and long-term appreciation potential in one of New York City’s most desirable residential markets.
Key Features
- Asking Price: $8,200,000
- Units: 15 apartments
- Average Unit Size: ≈596 SF
- Gross Building Area (GBA): 13,380 SF
- Stories: 5
- Class: C / 2-Star Mid-Rise
- Typical Floor Size: ≈1,845 SF
- Lot / Density: 1 building, ≈261 units per acre
- Construction: Masonry
- Rent Type: Market
Market Profile
- Location Advantage: Situated just off Central Park West, the building benefits from proximity to cultural institutions like Lincoln Center, the Museum of Natural History, and high-demand residential corridors of the Upper West Side.
- Neighborhood Demand: Consistently strong demand from renters seeking access to Central Park, quality schools, and vibrant dining and shopping corridors.
- Transit Access: Close to 1/2/3 and B/C subway lines at 72nd Street, with multiple crosstown bus routes nearby.
- Competitive Advantage: Rare 15-unit multifamily property in a supply-constrained Upper West Side market, offering both stability and upside potential.
Summary
The 15-unit multifamily property at 14 West 69th Street, New York, NY 10023 is offered at $8,200,000 (~$546,667 per unit). With its prime Upper West Side location, stable residential demand, and long-term appreciation prospects, this asset represents a compelling opportunity for investors seeking a Manhattan multifamily presence in a core market.
