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    23 W 87th St New York, NY 10024

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    For Sale
    $10,995,000

    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

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    Listing Contact
    John J. Stewart

    Listing agent John J. Stewart License #NY: 10311203263, NY: 10301205822

    Listing office New York City Office

    Listing date Apr 3, 2026

    Source Marcusmillichap

    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 New York City Office


    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

    Suggested Use

    Law Firm Restaurant Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Food Market Grocery & Convenience Store Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    New York
    County
    New York
    State
    New York
    Longitude
    -73.9699338
    Latitude
    40.7865574

    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.
    More about this property
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