Investment Overview

Marcus & Millichap is pleased to present a three-building, twenty-nine unit, multifamily portfolio comprised of the properties located at 282 West End Avenue, 23 West 87th Street, and 30 West 96th Street on the Upper West Side. This exceptional offering includes a total of 29 residential units comprised of 24 one-bedroom apartments, four studios and one two-bedroom unit (all ground ?oor units have gardens) all located in one of the more resilient and liquid real estate sub-markets in Manhattan. Notably, just under 90 percent of these units are free market and many are priced below market allowing a potential investor to realize signi?cant long-term upside through strategic rent optimization. Additionally, the assets have been held under long-term family ownership for decades suggesting consistent stewardship and operational stability. The properties also bene?t from excellent location fundamentals including robust public transportation access, extremely low vacancy and persistent housing demand. These factors collectively reduce transitional risk while enhancing the potential for short-term income growth and long-term value appreciation. Overall, this offering represents a notable chance to acquire multiple assets in a supply-constrained market with both stable in-place income and meaningful upside potential.