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Multifamily

321 West 89th Street

321 W 89th St, New York, NY 10024

Listing Price: $4,500,000

Cap Rate
5.08%
Number of Units
12
GRM
12.83
Occupancy
92.0%
Price/Unit
$375,000

Investment Overview

Marcus & Millichap is pleased to present 321 West 89th Street, a 12-unit multifamily property located in the heart of Manhattan’s Upper West Side. Positioned just steps from Riverside Park and the Hudson River, the
property offers residents immediate access to one of Manhattan’s premier waterfront park systems while remaining walkable to West End Avenue, Broadway, and extensive transit options.


The building has been well maintained with minimal deferred capital expenditures, including upgraded building systems and improved common areas, reducing near-term ownership risk. Located within a
historic district known for strong tenant demand, limited supply, and long-term value preservation, 321 West 89th Street represents a compelling opportunity to acquire an Upper West Side asset with durable
cash flow and enduring appeal in one of Manhattan’s most prestigious residential neighborhoods.

Investment Highlights

  • 12 Apartments in Prime Upper West Side Location
  • Well-Maintained with Minimal Deffered Capital Expenditures
  • Upgraded Building Systems and Common Areas
  • Adjacent to Reiverside Park and Hudson River

Exclusively Listed By

Financing By

Multifamily

321 West 89th Street

Listing Price: $4,500,000

Cap Rate
5.08%
Number of Units
12
GRM
12.83
Occupancy
92.0%
Price/Unit
$375,000

Investment Highlights

  • 12 Apartments in Prime Upper West Side Location
  • Well-Maintained with Minimal Deffered Capital Expenditures
  • Upgraded Building Systems and Common Areas
  • Adjacent to Reiverside Park and Hudson River

Investment Overview

Marcus & Millichap is pleased to present 321 West 89th Street, a 12-unit multifamily property located in the heart of Manhattan’s Upper West Side. Positioned just steps from Riverside Park and the Hudson River, the property offers residents immediate access to one of Manhattan’s premier waterfront park systems while remaining walkable to West End Avenue, Broadway, and extensive transit options. The building has been well maintained with minimal deferred capital expenditures, including upgraded building systems and improved common areas, reducing near-term ownership risk. Located within a historic district known for strong tenant demand, limited supply, and long-term value preservation, 321 West 89th Street represents a compelling opportunity to acquire an Upper West Side asset with durable cash flow and enduring appeal in one of Manhattan’s most prestigious residential neighborhoods.

Exclusively Listed By

Financing By

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