Renovated Apartment Building with
For Sale
Contact for pricing
Pending
240 W 73rd St, New York, NY 10023
Pre-war 16-story building with 191 units, 24-hour doorman, and nearly fully leased income mix plus ground-floor commercial.
Property Size109,290 SF
Days on Market111
Property Features for 240 W 73rd St
General Information
Standard status
Pending
Size
109,290 SF
Property subtype
Multifamily
Additional Details
Multifamily Units
189
Amenities
fully renovated lobby with workspace and Wi-Fi
on-site management office
laundry room
gym
24-hour doorman
Building Details
Stories
16
Listing Agency:
BKREA
(917) 509-9501
Listed By:
Bob Knakal · License #NY 10301211305
Source:
Crexi
Added: Apr 11
Changed: Jul 22
Last Checked: Jul 30 at 8:11AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of BKREA
Investment Insights
Based on property information with market context.
The Tempo at 240 West 73rd Street is a pre-war 16-story apartment building plus penthouse, with sweeping views of the surrounding Upper West Side neighborhood. The 80’ wide, 109,290 sq. ft. property contains 191 units, including 128 fair market units that have been renovated to a very high standard of finish with new flooring, bathrooms, kitchens, and A/C. Building-wide improvements and apartment renovations totaling over $13M have been invested since 2014. Residents benefit from a fully renovated lobby with workspace and Wi-Fi, an on-site management office, laundry room, gym, and 24-hour doorman.
At present, the property is nearly 100% leased. The unit mix includes studios, one bedrooms, and two bedrooms across both free market and rent stabilized units. The building also includes one ground-floor medical office and a vacant 2,110 sq. ft. ground-floor commercial space. The medical office is located in 1,355 sq. ft. and has been occupied by the same tenant since 2005, with a recently renewed 10-year lease expiring in April 2032, currently priced at $14,000 per month with annual increases.
The vacant ground-floor space was formerly home to Gymboree and may be suited for conversion to an apartment.
At present, the property is nearly 100% leased. The unit mix includes studios, one bedrooms, and two bedrooms across both free market and rent stabilized units. The building also includes one ground-floor medical office and a vacant 2,110 sq. ft. ground-floor commercial space. The medical office is located in 1,355 sq. ft. and has been occupied by the same tenant since 2005, with a recently renewed 10-year lease expiring in April 2032, currently priced at $14,000 per month with annual increases.
The vacant ground-floor space was formerly home to Gymboree and may be suited for conversion to an apartment.
Key Highlights
- 16‑story pre‑war apartment building plus penthouse with 191 total units and nearly 100% leased occupancy.
- Unit mix includes 128 free market renovated units and 61 rent‑stabilized apartments (studios, 1BR, and 2BR).
- Renovations since 2014 include new flooring, bathrooms, kitchens, and A/C across 128 renovated units; over $13M invested building‑wide.
Property Analytics
Current Use
Lease Details
189
Residential units
Location Intelligence
Trade Area within ½ mile
11,170
Businesses Nearby
Explore this area
Business Placement
Demographics for 10023, NY
71,164
Population
46,272
Households
1.5
Avg Household Size
42
Median Age
84%
College-Educated
98%
High-School Grad
1.0 sq mi
ZIP Area
71,164
Density / Sq Mi
$157,866
Median Household Income
$109,508
Median Earnings
$3,050
Median Rent
$1,401,800
Median Home Value
Market
Vacancy Rate% for Office in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Pre-war 16-story building with 191 units, 24-hour doorman, and nearly fully leased income mix plus ground-floor commercial.
Where is this apartment building located?
The property is located at 240 W 73rd St New York, NY.
What are key features of this property?
This property features: 16‑story pre‑war apartment building plus penthouse with 191 total units and nearly 100% leased occupancy.; Unit mix includes 128 free market renovated units and 61 rent‑stabilized apartments (studios, 1BR, and 2BR).; Renovations since 2014 include new flooring, bathrooms, kitchens, and A/C across 128 renovated units; over $13M invested building‑wide.
