Multi-family

Presenting 42 West 94th Street, a prime investment opportunity available for sale at $4,250,000. This mid-rise apartment building, located in a vibrant urban neighborhood, offers 8 units with strong rental potential.

Property Overview:

Address: 42 West 94th Street, New York, NY, 10025
Sale Price: $4,250,000 ($531,250/Unit)
Property Type: 2-Star Mid-Rise Apartments
Units: 8
Stories: 4
Class: C
Gross Building Area: 3,898 SF
Typical Floor Size: 733 SF
Location: Urban

Key Features:

Desirable Upper West Side Location: Situated in a well-connected and thriving neighborhood, 42 West 94th Street offers proximity to public transportation, parks, schools, shopping, and dining, ensuring strong demand from prospective tenants.

Competitive Pricing: Priced at $4,250,000, or $531,250 per unit, this property provides an attractive opportunity for investors seeking to enter the New York City real estate market.

Efficient Building Layout: With a gross building area of 3,898 square feet and typical floor sizes of 733 square feet, this 4-story building offers efficient layouts for residential units, providing a good balance of space and functionality.

Market Rent Potential: The property follows a market-rate rent structure, allowing for competitive rental income in a highly sought-after urban location.

Modest Unit Density: With 218 units per acre, the property offers a comfortable density in an area with high rental demand, making it an appealing option for long-term investment.

Conclusion:

42 West 94th Street represents an excellent investment opportunity for those looking to acquire a well-priced property in the Upper West Side of Manhattan. The competitive price, manageable unit size, and strategic location make it an appealing choice for investors seeking strong returns in a growing urban market.

Contact us today to learn more about this outstanding investment opportunity!