Five-Story Walk-Up Apartment
For Sale
$3,285,000
282 West End Avenue, New York, NY 10023
Five-story walk-up building with ten one-bedroom apartments, including regulated units, in an R10A zoning district.
Property Size5,540 SF
Days on Market75
Property Features for 282 West End Avenue
General Information
Standard status
Active
Size
5,540 SF
Property subtype
Multifamily
Amenities
10 Apartments
70% Free-Market
Room for Growth in Existing Rents
Prime Upper West Side Location
Building Details
Building Size
5,540 SF
Units
10
Listing Agency:
New York City Office
Listed By:
Olivia Scialla · License #License(s): NY: 10401389874
(212) 430-5187
Source:
Marcusmillichap
Added: Jul 26
Changed: Oct 3
Last Checked: Oct 7 at 8:33AM
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
Investment Insights
Based on property information with market context.
282 West End Avenue is a five-story walk-up apartment building with a unit mix of ten one-bedroom apartments. Seven units are free-market and three are regulated.
The property is located on West End Avenue on the Upper West Side, near Riverside Park, neighborhood retail and dining, and convenient access to public transportation.
Zoned in an R10A district, the building also includes approximately 10,464 square feet of unused development rights.
The property is located on West End Avenue on the Upper West Side, near Riverside Park, neighborhood retail and dining, and convenient access to public transportation.
Zoned in an R10A district, the building also includes approximately 10,464 square feet of unused development rights.
Key Highlights
- Five‑story walk‑up apartment building on West End Avenue
- Ten one‑bedroom apartments with a mix of seven free‑market and three regulated units
- R10A zoning district
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$174,045
Cap Rate
5.30%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,480,900
$3.5M
Cap Rate 7%
$2,486,357
$2.5M
Cap Rate 9%
$1,933,833
$1.9M
Market Conditions
NOI Build-Up for 5,540 SF
Gross rent
$332.4K $60.00/SF
− Vacancy
−$16.0K −$2.88/SF
EGI
$316.4K $57.12/SF
− OpEx
−$142.4K −$25.70/SF
NOI
$174.0K $31.42/SF
Area
ZIP 10023
Vacancy
4.80%
Lease Rate
$60.00 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,480,900
Cap Rate 7%
$2,486,357
Cap Rate 9%
$1,933,833
Alternative Uses
Best Use
Apartment 5plus
$2.49M
$2.18M – $2.90M
NOI $174,045 @ 7.0% cap · market cap 5.30%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.94M
$3.45M – $4.60M
NOI $275,728 @ 7.0% cap · market cap 8.39%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Apartment building - Five-story walk-up building with ten one-bedroom apartments, including regulated units, in an R10A zoning district.
Where is this apartment building located?
The property is located at 282 West End Avenue New York, NY.
What is the asking price?
The asking price for this property is $3,285,000.
What are key features of this property?
This property features: Five‑story walk‑up apartment building on West End Avenue; Ten one‑bedroom apartments with a mix of seven free‑market and three regulated units; R10A zoning district
