489 West End Avenue offers investors a rare opportunity to acquire a boutique multifamily property in the heart of Manhattan’s coveted Upper West Side. Featuring five market-rate units within a charming landmark district mid-rise, this asset combines stable income with significant long-term appreciation potential in one of New York City’s most historically resilient rental markets.
Key Features:
Prestigious Upper West Side Location:
✔ Prime address on West End Avenue near 83rd Street
✔ Steps from Riverside Park, Broadway, and top-rated public and private schools
✔ Surrounded by luxury condominiums, historic brownstones, and vibrant retail corridors
Efficient Boutique Property:
✔ 5 spacious, market-rate apartments averaging 882 SF per unit
✔ 6-story mid-rise structure offering an intimate, residential feel
✔ Positioned within a Landmark District, enhancing long-term value stability
Building Specifications:
✔ 7,764 SF Gross Building Area with typical floors averaging 1,294 SF
✔ Single building with a density of 109 units/AC
✔ Class B property with strong fundamentals and potential for light value-add improvements
Financial Highlights:
✔ Asking Price: $6,250,000 ($1,250,000 per unit)
✔ 100% market-rate leases providing strong and predictable cash flow
✔ Attractive opportunity for stable rental income with future upside through strategic upgrades
Conclusion:
489 West End Avenue presents a compelling opportunity to own a boutique multifamily asset in one of Manhattan’s premier residential neighborhoods. Ideal for investors seeking a high-quality, historically stable location with consistent rental demand and future value appreciation.
Contact us today to request full financials or schedule a private tour.
