Historic Upper West Side
For Sale
$4,950,000
489 W END Ave, New York, NY 10024
Turnkey, income-producing townhouse in prime Upper West Side location.
Property Size7,764 SF
Lot Size0.05 Acres
Days on Market215
Property Features for 489 W END Ave
General Information
Standard status
Active
Size
7,764 SF
Lot size
0.05 Acres
Property subtype
Multi Family
Taxes and HOA fees
Annual Taxes
$113,964
Building Details
Building Size
7,764 SF
Year Built
1910
Listed By:
Morgan Garofalo
(804) 938-8371
Source:
Elliman
Added: Mar 10
Changed: Oct 10
Last Checked: Oct 9 at 11:18PM
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 Morgan Garofalo
Investment Insights
Based on property information with market context.
Located at 489 West End Avenue, this Flemish Revival-style townhouse, designed by architects Lamb & Rich, was constructed in 1892. The property is a turnkey historic, income-producing townhouse situated in the heart of the Upper West Side. Configured as a five-unit multi-family residence, this property is in excellent condition and offers immediate investment value with all units occupied and generating consistent rental income. It also provides flexibility for live-with-income use or eventual conversion to a single-family home. Spanning five stories plus a cellar, this turn-of-the-century townhouse showcases architectural details and proportions. Each of the five rental apartments is thoughtfully laid out, offering living space, natural light, in-unit laundry, and private outdoor access in two of the units. Positioned on a wide, tree-lined avenue and surrounded by landmarked townhouses and historic prewar buildings, 489 West End Avenue is nestled in one of the most tranquil and sought-after pockets of the Upper West Side. The building's orientation ensures an abundance of natural light throughout the day, and its location provides access to Riverside Park, schools, and the cultural offerings of Lincoln Center and the American Museum of Natural History.
Key Highlights
- Turnkey, income‑producing historic townhouse in excellent condition.
- Located in a tranquil, sought‑after Upper West Side location on a wide, tree‑lined avenue.
- Currently configured as a five‑unit multi‑family residence with all units occupied and generating consistent rental income.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$242,915
Cap Rate
4.91%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,858,300
$4.9M
Cap Rate 7%
$3,470,214
$3.5M
Cap Rate 9%
$2,699,056
$2.7M
Market Conditions
NOI Build-Up for 7,764 SF
Gross rent
$464.9K $59.88/SF
− Vacancy
−$23.2K −$2.99/SF
EGI
$441.7K $56.89/SF
− OpEx
−$198.7K −$25.60/SF
NOI
$242.9K $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%
$4,858,300
Cap Rate 7%
$3,470,214
Cap Rate 9%
$2,699,056
Alternative Uses
Best Use
Apartment 5plus
$3.47M
$3.04M – $4.05M
NOI $242,915 @ 7.0% cap · market cap 4.91%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$19.33M
$16.91M – $22.55M
NOI $1,352,799 @ 7.0% cap · market cap 27.33%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
10,265
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Apartment building - Turnkey, income-producing townhouse in prime Upper West Side location.
Where is this apartment building located?
The property is located at 489 W END Ave New York, NY.
What is the asking price?
The asking price for this property is $4,950,000.
What are key features of this property?
This property features: Turnkey, income‑producing historic townhouse in excellent condition.; Located in a tranquil, sought‑after Upper West Side location on a wide, tree‑lined avenue.; Currently configured as a five‑unit multi‑family residence with all units occupied and generating consistent rental income.
