Turnkey Multifamily Asset Near Central Park – 542 Cathedral Parkway
Address: 542 Cathedral Parkway, New York, NY, 10025
Asking Price: $4,300,000 ($860,000/unit)
Sale Type: Investment Sale
Type: 2-Star Low-Rise Apartments
Location: Urban – Upper West Side / Morningside Heights
Units: 5
Stories: 3
Building Class: C
Gross Building Area (GBA): 3,029 SF
Typical Floor Plate: 1,494 SF
Number of Buildings: 1
Units per Acre: 124/AC
Market Segment: All Investor Types
Rent Type: Market Rate
Property Overview:
542 Cathedral Parkway presents a boutique 5-unit multifamily asset located just steps from Central Park and Columbia University. This low-rise walk-up building features all market-rate units and offers investors a fully stabilized, low-maintenance opportunity in a high-demand Upper Manhattan corridor.
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Investment Highlights:
✔ Price: $4.3M ($860,000/unit)
✔ Total Units: 5 market-rate apartments
✔ Building Size: 3,029 SF across 3 stories
✔ Fully Stabilized: 100% market-rate tenancy with consistent cash flow
✔ Ideal for: Private investors, family offices, or 1031 exchange buyers
Location Benefits:
✔ Located on Cathedral Parkway (West 110th Street) near the northwest corner of Central Park
✔ Steps from the B & C subway lines and a short walk to Columbia University
✔ High rental demand from students, professionals, and long-term residents
✔ Surrounded by green space, cultural institutions, and vibrant neighborhood retail
Highlights:
✔ Solid in-place income with low turnover and management efficiency
✔ Attractive unit mix and classic Upper West Side architecture
✔ Long-term appreciation potential in a supply-constrained neighborhood
✔ Quiet residential street with easy access to Midtown and Downtown
Conclusion:
542 Cathedral Parkway offers a well-located, cash-flowing asset in one of Manhattan’s most stable and established neighborhoods. With all market-rate units and proximity to top-tier institutions and parks, this is an ideal addition to a long-term portfolio.
Contact us today to request financials or schedule a private tour.
