Upper West Side Multifamily Investment Opportunity
Address: 132 West 73rd Street, New York, NY 10023
Asking Price: $5,650,000 ($706,250/Unit)
Cap Rate: 4.99%
Sale Type: Investment
Property Type: 2-Star Mid-Rise Apartments
Location: Urban – Upper West Side, Manhattan
Property Overview
132 West 73rd Street is a 5-story walk-up multifamily building located in the heart of the Upper West Side. With 8 market-rate units and an average unit size of 663 SF, the property presents a stable income stream in one of Manhattan’s most desirable residential neighborhoods. Built in 1900 and constructed of masonry, this building maintains its historic New York charm while offering an opportunity for long-term value growth.
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Key Property Details
- Total Units: 8
- Gross Building Area (GBA): 4,585 SF
- Typical Floor Size: 1,116 SF
- Lot Size: Approx. 0.04 acres (Units per Area: 207/AC)
- Stories: 5
- Class: C
- Construction: Masonry
- Walk-Up: Yes
- Metering: Master Metered
Investment Highlights
- Attractive Cap Rate of 4.99% with potential upside in rent roll
- Market-rate tenancy providing flexibility for rent adjustments
- Prime Upper West Side location steps from Central Park, Lincoln Center, and major cultural institutions
- Proximity to transit including the 1, 2, 3, B, and C subway lines
- Historic pre-war architecture with long-term appreciation potential
Neighborhood & Location
The property is situated on a charming, tree-lined block in the Upper West Side, one of New York’s most stable and prestigious rental markets. Residents enjoy convenient access to restaurants, cafés, boutique shops, and cultural attractions, along with abundant green space at nearby Central Park and Riverside Park.
Conclusion
132 West 73rd Street offers investors a stable, income-producing asset in a proven Manhattan submarket. With a strong tenant base, prime location, and room for value enhancement, this property represents a rare opportunity to own a piece of the Upper West Side’s multifamily market.
Contact us today for financials, rent roll, and to schedule a private tour.
