Multi-family

With strong tenant demand and steady rental income potential, the property combines long-term stability with the opportunity to reposition units over time.

Key Features

• Asking Price: $7,495,000
• Price per Unit: ≈$749,500
• Units: 10 total
• Gross Building Area (GBA): 6,530 SF
• Stories: 5 floors
• Class: C / 2-Star Mid-Rise Apartments
• Typical Floor Size: ≈1,149 SF
• Construction: Masonry, built early 20th century
• Units per Acre: ≈218/AC
• Rent Type: Market

Market Profile

Location Advantage: Prime Upper West Side location, steps from Central Park, Lincoln Center, and major cultural landmarks.

Transit Access: Easy access to 72nd Street (B, C) and 72nd Street (1, 2, 3) subway stations, connecting to Midtown and Downtown Manhattan.

Neighborhood Demand: Consistently strong from families, professionals, and long-term renters drawn to the Upper West Side’s residential character, cultural anchors, and park proximity.

Competitive Advantage: Rare 10-unit building on a Central Park block, offering boutique scale and stable income in one of NYC’s most desirable neighborhoods.

Summary

The 10-unit multifamily property at 8 W 71st Street, New York, NY 10023 is offered at $7,495,000 (~$749,500 per unit). With its prime Upper West Side location, boutique scale, and strong neighborhood demand, this property represents a rare opportunity for investors seeking long-term stability and value in one of Manhattan’s most prestigious markets.