Multifamily
STRATFORD RESIDENCE
117 W 70th St, New York, NY 10023
Listing Price: $92,000,000
Investment Overview
Marcus & Millichap is pleased to present the exclusive opportunity to acquire the Stratford
Arms Residence, located at 117 West 70th Street, situated in the heart of Manhattan’s
highly desirable Upper West Side. Formerly utilized as student housing by the American
Musical and Dramatic Academy (AMDA), this offering presents investors, operators, and
developers with significant scale (approx. 75,313 SF, 382 resident rooms and 584 beds)
and exceptional flexibility through multiple acquisition scenarios: a long-term NNN saleleaseback
to AMDA, vacant delivery for repositioning, or acquisition via a Master Lease
structure. This represents a rare chance to secure a substantial footprint in apremier
NYC location with diverse avenues for value creation and stable income potential.
STRATFORD RESIDENCE
Investment Highlights
- Prime Upper West Side Location: Situated between Central Park and Riverside Park on a desirable tree-lined street in one of Manhattan's most sought-after residential neighborhoods.
- Strong Student Housing Demand: Located in a neighborhood with proximity to several educational institutions and high demand for student accommodation.
- Multiple Investment Scenarios: Offering flexibility to investors, developers and operators:
Exclusively Listed By
Listing Price: $92,000,000
Investment Highlights
- Prime Upper West Side Location: Situated between Central Park and Riverside Park on a desirable tree-lined street in one of Manhattan's most sought-after residential neighborhoods.
- Strong Student Housing Demand: Located in a neighborhood with proximity to several educational institutions and high demand for student accommodation.
- Multiple Investment Scenarios: Offering flexibility to investors, developers and operators:
Investment Overview
Marcus & Millichap is pleased to present the exclusive opportunity to acquire the Stratford Arms Residence, located at 117 West 70th Street, situated in the heart of Manhattan’s highly desirable Upper West Side. Formerly utilized as student housing by the American Musical and Dramatic Academy (AMDA), this offering presents investors, operators, and developers with significant scale (approx. 75,313 SF, 382 resident rooms and 584 beds) and exceptional flexibility through multiple acquisition scenarios: a long-term NNN saleleaseback to AMDA, vacant delivery for repositioning, or acquisition via a Master Lease structure. This represents a rare chance to secure a substantial footprint in apremier NYC location with diverse avenues for value creation and stable income potential.
Exclusively Listed By
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