Multi-family

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.

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.