Multi-family
ScreenshotDescription
Presenting 54 West 71st Street, a 6-story mid-rise apartment building available for sale at $5,950,000 ($595,000 per unit). This investment property features 10 units and is located in the highly desirable Upper West Side, offering a compelling opportunity for investors seeking long-term returns in Manhattan.
Property Overview:
- Address: 54 West 71st Street, New York, NY, 10023
- Sale Price: $5,950,000 ($595,000 per unit)
- Units: 10
- Stories: 6
- Class: C
- Gross Building Area (GBA): 6,667 SF
- Typical Floor Size: 1,111 SF
- # of Buildings: 1
- Units per Acre: 200/AC
- Rent Type: Market
Key Features:
Upper West Side Location: Positioned in a prime urban setting, 54 West 71st Street enjoys proximity to cultural landmarks, including Lincoln Center and the Museum of Natural History. The property is also near Central Park, offering tenants easy access to green spaces and recreational activities.
Efficient Building Design: With a gross building area of 6,667 square feet and typical floor sizes of 1,111 square feet, this property is designed for efficient use and management. The layout maximizes rental potential while maintaining tenant comfort.
Stable Market Appeal: Featuring market-rate rental units, this property is ideal for investors looking to capitalize on consistent rental demand in the Upper West Side. The area attracts a diverse tenant base, from professionals to families, ensuring steady occupancy rates.
Investment Opportunity: With its competitive price per unit and excellent location, this property offers strong potential for rental income growth and appreciation. Its position in a stable and high-demand market makes it a valuable addition to any investment portfolio.
Conclusion:
54 West 71st Street presents a rare opportunity to own a well-located, market-rate apartment building in one of New York City’s most vibrant neighborhoods. With its prime Upper West Side location and stable rental market, this property is a standout option for investors seeking long-term value and returns. Don’t miss this chance to secure a premium asset in Manhattan!
