Multi-family

Introducing 318 West 102nd Street, a premium investment property located in Manhattan’s coveted Upper West Side. Priced at $4,450,000, this 2-star mid-rise apartment building offers an outstanding opportunity for investors seeking a well-positioned asset with market-rate rental income potential.

Property Overview:

• Address: 318 West 102nd Street, New York, NY, 10025
• Sale Price: $4,450,000 ($890,000/Unit)
• Property Type: 2-Star Mid-Rise Apartments
• Location: Urban
• Units: 5
• Stories: 5
• Building Class: C
• Gross Building Area (GBA): 6,340 SF
• Typical Floor Area: 1,268 SF
• Buildings: 1
• Units per Area: 108/AC
• Market Segment: All
• Rent Type: Market

Key Features:

• Exceptional Urban Location: Located in the heart of the Upper West Side, this property is near renowned parks, shopping, restaurants, and excellent transit options, ensuring high tenant desirability.
• Market-Rate Rental Units: Featuring five market-rate units, this property provides steady income with potential for future rent increases.
• Solid Construction and Layout: The mid-rise design spans five stories with a Gross Building Area of 6,340 square feet and typical floor areas of 1,268 square feet, offering versatile spaces for tenants.
• Attractive Investment Metrics: With a price per unit of $890,000 and a prime location, the property offers a balance of affordability and income generation potential.
• Potential for Portfolio Growth: Ideal for investors seeking to expand their holdings in Manhattan, one of the world’s most stable real estate markets.

Conclusion:

318 West 102nd Street presents a rare opportunity to own a multi-unit residential property in Manhattan’s Upper West Side. With its prime location, steady market-rate rental income, and competitive pricing, this property is an excellent addition to any real estate portfolio. Don’t miss your chance to invest in one of New York City’s most dynamic neighborhoods.