Multi-family

Luxury-Scale Multifamily Investment Near Central Park – 23 West 69th StreetAddress: 23 West 69th Street, New York, NY, 10023
Asking Price: $9,250,000 ($1,850,000/unit)
Sale Type: Investment Sale
Type: 2-Star Mid-Rise Apartments
Location: Urban – Upper West Side / Lincoln Square
Units: 5
Average Unit Size: 1,188 SF
Stories: 5
Building Class: C
Gross Building Area (GBA): 6,469 SF
Typical Floor Plate: 1,318 SF
Buildings: 1
Units per Acre: 100/AC
Rent Type: Market Rate

Property Overview:

23 West 69th Street presents a rare, boutique-scale multifamily investment opportunity located just steps from Central Park West. This 5-unit, 5-story mid-rise building offers generously sized apartments averaging nearly 1,200 SF each and is ideally suited for luxury rentals or condo conversion. Located on a landmark block in one of Manhattan’s most prestigious residential corridors, this asset combines prime location, large-unit layouts, and long-term value.

Investment Highlights:

✔ Asking Price: $9.25M or $1.85M per unit – premium asset in a trophy location
✔ Luxury Unit Sizes: 5 full-floor apartments averaging 1,188 SF each
✔ High-End Market Rents: All units are market rate—maximize NOI with minimal restrictions
✔ Building Size: 6,469 SF across five stories with efficient layouts and strong natural light
✔ Live/Invest Potential: Ideal for 1031 exchange, family office, or long-term appreciation strategy

Prime Location Benefits:

✔ Situated on a tree-lined block between Central Park West & Columbus Avenue
✔ Steps from Lincoln Center, American Museum of Natural History, and upscale dining/shopping
✔ Near B, C, and 1, 2, 3 subway lines and crosstown buses at 66th and 72nd Streets

Highlights:

✔ Boutique 5-unit building with condo-sized apartments
✔ High-demand Upper West Side location near Central Park
✔ Full control over market-rate rents with no rent regulation
✔ Well-maintained property with strong long-term fundamentals

Conclusion:

23 West 69th Street offers investors a chance to own a rare, large-unit multifamily building in one of New York City’s most coveted neighborhoods. With its classic architecture, high-end rental potential, and proximity to the best of the Upper West Side, this property stands out as a premier long-term investment.

Request a full financial package, rent roll, or schedule a private tour today.