346 W 87TH St - Apartments FOR SALE


New York, NY 10024- Upper West Side
$4,500,000 USD
212-350-2224
346 W 87TH St, New York, NY for Sale
$4,500,000 USD
Apartments - FOR SALE
1/12
null | 5.54% Cap Rate

346 W 87TH St
New York, NY 10024
Upper West Side


HIGHLIGHTS

  • Beautiful Original Architectural Details
  • Exquisite Parlor Floor With Rosette Ceiling Motif
  • Soaring Ceilings Plus Additional Loft Spaces
  • Stunning Facade with Elegant Bay Window
  • Large Private Garden plus Private Terrace
  • Owner Occupancy + Income, Pure Investment, or Elegant Single Family Opportunity

OVERVIEW

Magnificent 20 x 100 Brownstone situated in the coveted Upper West Side landmark district on a picturesque, tree-lined block just off Riverside Park. A rare opportunity to enter the prime Manhattan market at an exceptional price, this property seamlessly combines classic architectural details with excellent income potential, located at 346 West 87th Street, New York, NY 10024. Enjoy Owner occupancy with strong income, or add this prime Upper West Side property to your investment portfolio, the building is investor-ready with tenants in place, or may be delivered vacant to transform into a truly exceptional property with an additional 5516 Sf of unused FAR! Unit breakdown - 10 units currently configured into 9 units include 6 loft-like market-rate apartments with no rent restrictions, and 3 rent-stabilized units - of which 2 are owner-occupied, and 1 vacant. Charming layouts feature high ceilings, decorative fireplaces and bonus lofts convenient for guests, storage, or home office usage, plus a spaciously combined 2-bedroom 2-bath Owners Residence with an expansive private backyard. Experience prime Upper West living and ultimate convenience, with immediate access to some of the finest restaurants, cafes, and shopping in the city, stunning parks, and easy public transportation with major subway lines and bus routes just outside your door, this hidden gem is priced to sell! Brochure upon Request. Shown by appointment only. 24- hours notice required. Note: Some photos are virtually staged.

FOR SALE DETAILS

PRICE

$4,500,000 USD

PRICE/SF

$682 USD /SF

# OF UNITS

9

PRICE/UNIT

$500,000

CAP RATE

5.54%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

5

YEAR BUILT

1900

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.05 AC

LAND SF

2,178 SF

ZONING

R8

APN/PARCEL ID

1248-0153

ASK ABOUT THIS PROPERTY

Lydia SussekDouglas EllimanMore Info
212-350-2224

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Lydia SussekDouglas EllimanMore Info
212-350-2224

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.