Multi-family

Presenting 7 West 82nd Street, a 5-story townhome apartment building available for sale at $11,000,000 ($1,222,222 per unit) with a cap rate of 4.71%. This 2-star investment property offers 9 market-rate rental units and is located in the prestigious Upper West Side, a prime destination for both residents and investors.

Property Overview:

• Address: 7 West 82nd Street, New York, NY, 10024
• Sale Price: $11,000,000 ($1,222,222/Unit)
• Cap Rate: 4.71%
• Units: 9
• Stories: 5
• Class: C
• Gross Building Area (GBA): 9,180 SF
• Typical Floor Size: 1,836 SF
• # of Buildings: 1
• Units per Acre: 150/AC
• Rent Type: Market
• Location: Urban

Key Features:

• Prime Upper West Side Address: Situated steps away from Central Park, this property is ideally located for tenants seeking a blend of urban convenience and access to green spaces. The area is known for its historic charm, cultural attractions, and excellent transit options.
• Market-Rate Units: All 9 units are market-rate, offering investors a stable income stream and opportunities for rental growth in one of Manhattan’s most competitive neighborhoods.
• Generous Layouts: The property boasts a gross building area of 9,180 square feet, with typical floors spanning 1,836 square feet, providing spacious accommodations for tenants.
• Strong Investment Returns: With a cap rate of 4.71%, this property delivers attractive cash flow potential, appealing to both seasoned and first-time investors.
• Urban Appeal: Its location within an urban neighborhood ensures consistent demand from professionals, families, and students looking for upscale living with easy access to amenities and transportation.

Conclusion:

7 West 82nd Street is a standout investment opportunity in the Upper West Side, offering market-rate rentals, a prime location, and a strong cap rate. Whether you’re expanding your portfolio or seeking a high-quality investment, this property provides the perfect blend of long-term value and immediate income potential. Don’t miss the chance to own this exceptional asset in one of Manhattan’s most coveted neighborhoods!