23 W 87th St New York, NY 10024
Three-building, twenty-nine unit multifamily portfolio on the Upper West Side.
Type:Multifamily
- Added:
- Apr 3, 2026
- Days on Market:
- 29
- Last Refresh:
- Apr 3 at 5:13 am
Property Features for 23 W 87th St
General Information
- Standard status
- Active
- Property subtype
- Multifamily
Listing agent John J. Stewart License #NY: 10311203263, NY: 10301205822 (212) 430-5152
Listing office New York City Office (212) 430-5152
Listing date Apr 3, 2026
Source Marcusmillichap
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Overview
Upper West Side Multifamily Portfolio
This offering features a three-building, twenty-nine unit multifamily portfolio located on the Upper West Side. The portfolio consists of properties at 282 West End Avenue, 23 West 87th Street, and 30 West 96th Street. The unit mix includes 24 one-bedroom apartments, four studios, and one two-bedroom unit. All ground floor units have gardens. Approximately 90 percent of the units are free market, with many priced below market, presenting an opportunity for rent optimization. The properties have been under long-term family ownership for decades, indicating consistent stewardship and operational stability. The location offers robust public transportation access, extremely low vacancy, and persistent housing demand, reducing transitional risk and enhancing the potential for income growth and long-term value appreciation. This represents an opportunity to acquire multiple assets in a supply-constrained market with stable in-place income and meaningful upside potential.
Location Intelligence
Current Use by Public Records
Apartment buildings
Location Insight
- Map
- Local Demand
- City
- New York
- County
- New York
- State
- New York
- Longitude
- -73.9699338
- Latitude
- 40.7865574
Nearby Similar for Sale
FAQs
What type of property is this?
Apartment building - Three-building, twenty-nine unit multifamily portfolio on the Upper West Side.
Where is this apartment building located?
The property is located at 23 W 87th St New York, NY.
What is the asking price?
The asking price for this property is $10,995,000.
What are key features of this property?
This property features: Portfolio of 3 buildings totaling 29 units on the Upper West Side.; Significant long‑term upside potential through strategic rent optimization of below‑market units (nearly 90% free market).; Excellent location with robust public transportation, low vacancy, and persistent housing demand.
