Investment Overview

Marcus & Millichap is the exclusive sales broker for 129 West 85th Street (“Property”), a four-story walk-up apartment building offered for sale for the first time in over fifty years. This long-term family-owned building presents an exceptional opportunity for an investor to acquire a well-located Upper West Side property with the potential for modernized management, increased income, and long-term appreciation. The Property’s unit mix is comprised of ten apartments that include one studio, eight one-bedrooms, and one two-bedroom. Built 19 feet by 68 feet, the Property totals approximately 5,480 gross square feet. It is zoned R8B, has minimal unused development rights, and lies within the Upper West Side/Central Park West Historic District. The Property has been diligently repaired and maintained over the years and currently has minimal deferred capital expenditures. The Property is located at the center of the Upper West Side between Columbus and Amsterdam Avenues. Prime neighborhood amenities surrounding the Property include Central Park, the American Museum of Natural History, the New York Historical Society, Riverside Park, and the Hudson River. Nearby mass transit access is excellent with the 86th Street/Broadway subway station (1, 2, 3 trains) and the 86th Street/Central Park West station (A, B, C trains) both within two blocks.