For Sale: Multifamily Investment Opportunity – 119 West 81st Street, New York, NY 10024
Asking Price: $3,900,000
Price/Unit: $433,333
GBA: 4,978 SF
Units: 9 Market-Rate Apartments
Stories: 5
Building Class: C
Building Type: 2-Star Mid-Rise Multifamily
Sale Type: Investment
Location: Upper West Side – Between Columbus & Amsterdam Avenues
Status: Active
Property Overview:
119 West 81st Street presents a rare opportunity to acquire a 9-unit, fully market-rate multifamily building in the heart of Manhattan’s Upper West Side. Situated on a tree-lined block just steps from the American Museum of Natural History, Central Park, and the B/C subway lines, this 5-story mid-rise offers investors immediate cash flow and long-term growth in one of NYC’s most stable and desirable residential neighborhoods.
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The property includes approximately 4,978 square feet across five floors, with an average unit size of 900 SF, making it ideal for long-term tenants and potential future condo conversion.
Key Features:
- 100% market-rate units with in-place income and turnover potential
- Located in a prime Upper West Side neighborhood with strong tenant demand
- Well-maintained brick façade with classic pre-war charm
- Steps from major cultural institutions, schools, and public transit
- Efficient floor plates (~996 SF per floor) allow for leasing flexibility
Investment Highlights:
- Asking Price: $3,900,000
- Price/Unit: $433,333
- Gross Building Area: 4,978 SF
- Units: 9 (all market-rate)
- Avg Unit Size: 900 SF
- Building Class: C
- Located in a supply-constrained, blue-chip rental market
Conclusion:
119 West 81st Street offers a compelling opportunity for investors seeking a stable, income-generating asset in one of Manhattan’s most sought-after residential enclaves. With 100% market-rate units and a strong neighborhood profile, the property is well positioned for both long-term hold or future condo conversion.
Contact us today to receive the full offering memorandum, rent roll, or to arrange a private tour.
