7-Unit Apartment
New
For Sale
$3,950,000
328 W 89TH St, New York, NY 10024
Five-story residence with a basement, original architectural details, and a private garden on Manhattan’s Upper West Side.
Property Size5,885 SF
Price / SF$671.20
Days on Market2
Property Features for 328 W 89TH St
General Information
Standard status
Active
Size
5,885 SF
Property subtype
Multi Family
Site & Location
Neighborhood
Central Park
Public Transit
Yes
Additional Details
Multifamily Units
7
Taxes and HOA fees
Annual Taxes
$79,668
Amenities
private garden
central air conditioning
Building Details
Building Size
5,885 SF
Year Built
1900
Buildings
1
Stories
5
Units
7
Listing Agency:
Leslie J Garfield & Co Inc
Listed By:
Richard D Pretsfelder
(212) 371-8200
Source:
Elliman
Added: Oct 24
Last Checked: Oct 24 at 3:35PM
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 Leslie J Garfield & Co Inc
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Investment Insights
Based on property information with market context.
This Upper West Side townhouse contains seven residential units across five floors and a basement, totaling approximately 5,885 square feet. The building is 20 feet wide and dates to 1900, with original architectural details and a private garden. The owners’ duplex includes central air conditioning.
At 328 W 89th St in New York, the property is on a tree-lined block. Its reported scores are 94 for walkability, 100 for transit, and 83 for biking.
At 328 W 89th St in New York, the property is on a tree-lined block. Its reported scores are 94 for walkability, 100 for transit, and 83 for biking.
Key Highlights
- Seven residential units across five floors and a basement
- Approximately 5,885 square feet; 20 feet wide
- Built in 1900 with original architectural details
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$184,126
Cap Rate
4.66%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,682,520
$3.7M
Cap Rate 7%
$2,630,371
$2.6M
Cap Rate 9%
$2,045,844
$2.0M
Market Conditions
NOI Build-Up for 5,885 SF
Gross rent
$352.4K $59.88/SF
− Vacancy
−$17.6K −$2.99/SF
EGI
$334.8K $56.89/SF
− OpEx
−$150.6K −$25.60/SF
NOI
$184.1K $31.29/SF
Area
New York, NY
Vacancy
5.00%
Lease Rate
$59.88 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,682,520
Cap Rate 7%
$2,630,371
Cap Rate 9%
$2,045,844
Alternative Uses
Best Use
Apartment 5plus
$2.63M
$2.30M – $3.07M
NOI $184,126 @ 7.0% cap · market cap 4.66%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$14.65M
$12.82M – $17.09M
NOI $1,025,402 @ 7.0% cap · market cap 25.96%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Lease Details
7
Residential units
Location Intelligence
Trade Area within ½ mile
9,414
Businesses Nearby
Explore this area
Business Placement
Demographics for 10024, NY
62,250
Population
36,723
Households
1.7
Avg Household Size
43
Median Age
84%
College-Educated
97%
High-School Grad
0.9 sq mi
ZIP Area
69,167
Density / Sq Mi
$182,614
Median Household Income
$117,078
Median Earnings
$2,965
Median Rent
$1,746,400
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Apartment building - Five-story residence with a basement, original architectural details, and a private garden on Manhattan’s Upper West Side.
Where is this apartment building located?
The property is located at 328 W 89TH St New York, NY.
What is the asking price?
The asking price for this property is $3,950,000.
What are key features of this property?
This property features: Seven residential units across five floors and a basement; Approximately 5,885 square feet; 20 feet wide; Built in 1900 with original architectural details
