46 W 87th St 13 Unit Apartment Building $7,800,000 ($600,000/Unit) 5.13% Cap Rate New York, NY 10024
EXECUTIVE SUMMARY
46 West 87th Street is a classic, Romanesque Revival Style townhouse designed by the
architect Charles Buek & Company in 1892. At a premier width of 23', the property is
currently configured as 13 residential units spread across approximately 8,861 square
feet, and roughly 1,800 square feet per floor. Highlights of the property include a
south-facing garden and oversized terrace over the extension, abundant natural light,
and charming original details.
46 West 87th Street is situated in the heart of the Upper West Side on a beautiful tree-
line townhouse block steps from Central Park, excellent schools and restaurants, and
public transportation, providing easy access to all of New York City.
architect Charles Buek & Company in 1892. At a premier width of 23', the property is
currently configured as 13 residential units spread across approximately 8,861 square
feet, and roughly 1,800 square feet per floor. Highlights of the property include a
south-facing garden and oversized terrace over the extension, abundant natural light,
and charming original details.
46 West 87th Street is situated in the heart of the Upper West Side on a beautiful tree-
line townhouse block steps from Central Park, excellent schools and restaurants, and
public transportation, providing easy access to all of New York City.
PROPERTY FACTS
| Price | $7,800,000 |
| Price Per Unit | $600,000 |
| Sale Type | Investment |
| Cap Rate | 5.13% |
| No. Units | 13 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | C |
| Lot Size | 0.05 AC |
| Building Size | 8,861 SF |
| Average Occupancy | 100% |
| No. Stories | 4 |
| Year Built | 1910 |
| Zoning | R7-2 - Medium-Density Apartment House District with Lower Parking Requirements. |
AMENITIES
UNIT AMENITIES
- Heating
- Hardwood Floors
SITE AMENITIES
- Roof Terrace
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 10+5 | 13 | - | - |
1 of 1
Walk Score®
Walker's Paradise (97)
Transit Score®
Rider's Paradise (100)
Bike Score®
Very Bikeable (85)
PROPERTY TAXES
| Parcel Number | 1200-0152 | Improvements Assessment | $759,600 |
| Land Assessment | $225,000 | Total Assessment | $984,600 |
CONTACT
-
Ariel Ben Ezra -
Wingate Advisors
