8 West 87th Street presents a rare opportunity to acquire a fully market-rate, boutique multifamily building steps from Central Park. With just 7 units across 5 stories and over 7,100 SF of living area, this income-producing asset offers investors a manageable, high-quality property with long-term upside in one of Manhattan’s most stable and desirable submarkets.
Investment Highlights:
✔ Asking Price: $6.85M or $978,571 per unit – premium location at sub-$1M/unit
✔ All Market-Rate Units: No rent regulation – full income flexibility and repositioning potential
✔ GBA: 7,105 SF – efficient layout with large full-floor or duplex-style apartments
✔ Boutique Scale: 7 units across 5 floors – easy to operate and manage
✔ Attractive Architecture: Classic UWS brownstone character with curb appeal
Location Benefits:
✔ Located on a tree-lined block just off Central Park West
✔ Steps from the American Museum of Natural History and B/C subway lines
✔ Close to top public and private schools, playgrounds, and gourmet grocers
✔ Prime Upper West Side location with strong rental demand and low vacancy
Highlights:
✔ Fully occupied, 100% market-rate rental building
✔ Positioned for long-term appreciation and NOI growth
✔ Ideal for private investors, family offices, or exchange buyers seeking asset stability
✔ Potential condo or luxury rental conversion (subject to approvals)
Conclusion:
8 West 87th Street offers a rare combination of location, unit mix, and income flexibility in a blue-chip Upper West Side setting. With no rent regulation and proximity to Central Park, this boutique asset is ideal for investors looking for long-term value, cash flow, and prestige in one of Manhattan’s most established neighborhoods.
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