For Sale
$5,950,000

54 71St St New York, NY 10023

Prime UWS location, renovated 10-unit building. High potential.

Overview

Added:
Dec 11, 2024
Days on market:
126
This exceptional 10-unit multifamily building, located at 54 West 71st Street in Manhattan's coveted Upper West Side, presents a compelling investment opportunity. The property boasts 6,667 square feet on a 2,008 square foot lot, zoned R8B. Seven of the apartments are free-market, while three are rent-regulated. A recent 2024 renovation encompassed extensive upgrades to seven free-market units, two of which feature large south-facing terraces. All apartments benefit from ample natural light and high ceilings

Highlights

  • 10-unit multifamily building on the Upper West Side, 6,667 sq ft on a 2,008 sq ft R8B lot; seven free-market, three rent-regulated units.
  • 2024 renovation of seven free-market units, including two with south-facing terraces; all units feature ample natural light and high ceilings.
  • Complete electrical system upgrade, including 400-amp service and individual 100-amp service wires for each unit; new panel boxes installed.
  • Comprehensive gas infrastructure update: new gas line, meters, and risers for improved safety and reliability.
  • Plumbing overhaul: replaced front area drain and a section of the cellar's domestic water line.
  • Upgraded fire sprinkler system with replacement of the main line from the street.

Property Details for 54 71St St

Property type
Apartment buildings
Square Feet
6,667 SF
Year Renovated
2024
Units
10

Location Insight

City
New York
County
New York
State
New York
Latitude
40.776419090146
Longitude
-73.978546839529
54 71St St, New York, New York
Leaflet | © OpenStreetMap contributors

FAQs

What type of property is this?
Apartment building - Prime UWS location, renovated 10-unit building. High potential.
Where is the apartment building located?
The property is located at 54 71St St New York, NY.
What is the asking price?
The asking price for this property is $5,950,000.
What are key features of this property?
This property features: 10-unit multifamily building on the Upper West Side, 6,667 sq ft on a 2,008 sq ft R8B lot; seven free-market, three rent-regulated units.; 2024 renovation of seven free-market units, including two with south-facing terraces; all units feature ample natural light and high ceilings.; Complete electrical system upgrade, including 400-amp service and individual 100-amp service wires for each unit; new panel boxes installed.
How can I contact the broker?
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54 71St St
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