Upper West Side Multifamily
54 W 71st St, New York, NY 10023
10-unit multifamily building in Manhattan's Upper West Side.
Type:Multifamily
Property size:
6,667 SFPrice / SF:
$892/SF- Added:
- Apr 9, 2024
- Days on Market:
- 760
- Last Refresh:
- Mar 17 at 1:25 pm
Property Features for 54 W 71st St
General Information
- Standard status
- Active
- Size
- 6,667 SF
- Property subtype
- Multifamily
Listing agent Paul Wexler License #NY 30WE0902877
Listing office Wexler Health Care Properties Team
Listing date Apr 9, 2024
Source Crexi
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 Wexler Health Care Properties Team
HighLights
- Prime Upper West Side location on a park block, steps from Central Park and Riverside Park.
- Seven out of ten units are free market, offering significant upside potential.
- Substantial renovations in the free market apartments, including two with large, south‑facing terraces.
- Five free market apartments feature highly desirable in‑unit washers and dryers.
- Building facade has been beautifully restored and repaired.
- One unit will be delivered vacant, providing immediate opportunity for renovation or rental.
Overview
Located in Manhattan’s Upper West Side neighborhood of New York City, 54 West 71st Street is a 10-unit multifamily building. The 20-foot wide building spans over 6,600 square feet. Each of the five floors above the cellar contains two apartments. Seven of the ten apartments are free market, while the remaining three units are rent regulated. The seven free market apartments have had extensive renovations, and two of these apartments have large south-facing sun-drenched terraces. The apartments generally feature ample natural light and high ceilings. Five of the free market apartments include in-unit washers and dryers. The building’s façade has been beautifully restored and repaired. Situated on a park block between Central Park West and Columbus Avenue in Manhattan’s Upper West Side neighborhood, the property is just north of Lincoln Square. The combined areas provide an abundance of neighborhood options to enjoy cultural institutions, recreational and fitness activities, dining, shopping, entertainment, medical care, educational institutions, and endless modes of transportation. The neighborhood is known for its picturesque brownstone, tree-lined streets. The property is steps from Central Park and Riverside Park, offering access to green space in a high-density urban setting. The property is fully occupied with the exception of one unit which will be delivered vacant upon sale. The pro forma gross potential rent for the apartments is approximately $391,000.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Little Family Films
Film Production
Pure Vérité Films
Film Production
Location Insight
- Map
- Local Demand
- City
- New York
- County
- New York
- State
- New York
- Longitude
- -73.9785851
- Latitude
- 40.7763106
Nearby Similar for Sale
FAQs
What type of property is this?
Apartment building - 10-unit multifamily building in Manhattan's Upper West Side.
Where is this apartment building located?
The property is located at 54 W 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: Prime Upper West Side location on a park block, steps from Central Park and Riverside Park.; Seven out of ten units are free market, offering significant upside potential.; **Substantial renovations in the free market apartments, including two with large, south‑facing terraces.**
