Retail

  • $4,750,000
The Olcott, 27, West 72nd Street, Manhattan Community Board 7, Manhattan, New York County, City of New York, New York, 10023, United States
For Sale
Retail
The Olcott, 27, West 72nd Street, Manhattan Community Board 7, Manhattan, New York County, City of New York, New York, 10023, United States
  • $4,750,000

Description

Prime Condo Investment or Owner-User Opportunity – 27 West 72nd Street, Upper West Side

Asking Price: $4,750,000
Price/SF: $475.00
Sale Type: Investment or Owner-User
Property Type: 4-Star High-Rise Residential Condo
Location: Urban – Upper West Side, Manhattan
Status: Active
Market Segment: All (Market Rate)

Property Overview:

Situated on the iconic West 72nd Street corridor just steps from Central Park, this premium unit within a 4-star high-rise residential condominium at 27 West 72nd Street presents an exceptional opportunity for investors or end-users seeking value, scale, and location. Spanning part of a 206,585 SF building, the offering sits in one of the most prestigious neighborhoods in Manhattan.

Whether repositioned as an income-generating rental or used for private ownership, this asset benefits from strong fundamentals, established tenancy, and a historically high-demand location.

Key Property Features:

  • High-Rise Residential Condo: Part of a landmark 15-story building with 158 residential units
  • Unit Size: ~10,000 SF (estimated based on price/SF) – Confirm with offering memorandum
  • Well-Maintained & Class B Asset: Modern systems, amenities, and strong condo management
  • Iconic Location: Steps to Central Park, Columbus Avenue retail, and Lincoln Center
  • Elevator Building: With 24/7 security, doorman, laundry facilities, and potential for rooftop use
  • Flexible Use: Ideal for an owner-user, pied-à-terre, or conversion to income-producing units

Building Overview:

  • Gross Building Area (GBA): 206,585 SF
  • Stories: 15
  • Units: 158
  • Typical Floor Plate: 16,641 SF
  • Class: B – Full-Service Residential Tower
  • Zoning: Residential – Market Rate
  • Units per Acre: 139/AC

Location Highlights:

  • Central Upper West Side address, surrounded by world-class dining, museums, and top-ranked schools
  • Immediate access to B, C, and 1, 2, 3 subway lines
  • Strong rental demand and excellent resale value for owner-occupants or investors

Summary:

  • Price: $4,750,000
  • Use: Investment or Owner-Occupancy
  • Asset Type: 4-Star Residential Condo in Prime Manhattan
  • Location: West 72nd Street between Central Park West & Columbus Avenue
  • Delivery: As-is or vacant possession upon request

Conclusion:

27 West 72nd Street presents a rare, value-driven opportunity in a premium Upper West Side location. With exceptional upside for either occupancy or investment, this flexible condo unit delivers long-term security and prestige in a landmark NYC neighborhood.

Contact us today to request the full offering memorandum or arrange a private showing.

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