46 W 87th St - Apartments FOR SALE


New York, NY 10024- Upper West Side
$7,750,000 USD
516-509-5476
46 W 87th St, New York, NY for Sale
$7,750,000 USD
Apartments - FOR SALE
1/16
null | Request Cap Rate

46 W 87th St
New York, NY 10024
Upper West Side


HIGHLIGHTS

  • Private outdoor spaces – select units command premium rents
  • Efficient layouts – strong tenant appeal and long-term retention
  • Consistent occupancy history – proven track record of stability
  • Future rental upside – opportunity for growth beyond in-place income
  • Neighborhood amenities – near Museum of Natural History, dining, shopping, cultural destinations
  • Convenient transit access – seamless connectivity throughout NYC

OVERVIEW

46 West 87th Street is a rare opportunity to acquire a fully occupied 13-unit multifamily property on one of the most desirable tree-lined blocks of the Upper West Side, just steps from Central Park. The building spans 8,861 square feet and features a balanced mix of studios, and one-bedroom units. Several units include private outdoor space, which continues to command premium rents and drive strong tenant appeal. With efficient layouts, reliable in-place income, and a proven history of consistent occupancy, the property has demonstrated long-term stability while also offering clear potential for future rental growth. Beyond the asset itself, the location further strengthens the investment case. Residents enjoy immediate access to Central Park, the Museum of Natural History, and a vibrant mix of neighborhood dining, shopping, and cultural destinations. Convenient subway and transit options provide seamless connectivity throughout the city. This combination of scale, location, and performance positions 46 West 87th Street as a compelling opportunity for investors seeking a stable, cash-flowing multifamily asset with future upside in one of Manhattan’s most iconic and resilient neighborhoods.

FOR SALE DETAILS

PRICE

$7,750,000 USD

PRICE/SF

$875 USD /SF

# OF UNITS

13

PRICE/UNIT

$596,154

CAP RATE

Request Cap Rate

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

4

YEAR BUILT

1910

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.05 AC

LAND SF

2,178 SF

ZONING

R7-2

APN/PARCEL ID

1200-0152

ASK ABOUT THIS PROPERTY

Dominique FlorioSERHANT.More Info
516-509-5476

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Dominique FlorioSERHANT.More Info
516-509-5476

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