Multi-family

Presenting 106 West 76th Street, a 4-story mid-rise apartment building available for sale at $7,600,000 ($760,000 per unit). This investment property features 10 units and offers an excellent opportunity for investors seeking a well-positioned asset in the desirable Upper West Side neighborhood of Manhattan.

Property Overview:

• Address: 106 West 76th Street, New York, NY 10023
• Sale Price: $7,600,000 ($760,000 per unit)
• Units: 10
• Stories: 4
• Class: C
• Gross Building Area (GBA): 7,100 SF
• Typical Floor Size: 1,733 SF
• # of Buildings: 1
• Units per Acre: 200/AC
• Rent Type: Market
• Location: Urban

Key Features:

Prime Upper West Side Location: Situated on the prestigious West 76th Street, this property offers an exceptional location in the highly desirable Upper West Side of Manhattan. The area is known for its charming tree-lined streets, proximity to Central Park, world-class museums, renowned restaurants, and top-rated schools, making it an attractive neighborhood for renters.

Strong Market Rent Potential: With all 10 units designated as market-rate, the property offers significant upside potential in rental income. The Upper West Side remains one of Manhattan’s most sought-after residential areas, providing consistent demand for apartments in this prime location.

Well-Proportioned Units: The building features 10 units, with an average unit size of 675 square feet, making it an ideal option for a variety of tenants. The spacious, well-designed apartments provide comfortable living spaces, further enhancing the appeal of the property to potential renters.

Investment Potential: With a total gross building area of 7,100 square feet, the property offers a solid return on investment through its market-rate rents. The strategic location and high demand for residential units in the area further increase the property’s investment appeal.

Efficient Layout: The building’s typical floor size of 1,733 square feet allows for easy management, and the 4-story configuration maximizes space efficiency while maintaining an intimate and manageable scale for the building.

Conclusion:

106 West 76th Street is an outstanding investment opportunity, offering 10 market-rate units in the heart of the Upper West Side. With its prime location, strong rental income potential, and efficient layout, this property is ideal for investors seeking a valuable asset in one of New York City’s most desirable neighborhoods. Don’t miss the chance to acquire this exceptional property!