Investment Overview

Marcus & Millichap is the exclusive sales broker for 46 West 87th Street (the “Property”), a four-story plus basement apartment building on the Upper West Side. Built around 1910, the Property contains thirteen apartments totaling approximately 8,861 residential square feet. The building measures 23 feet by 86 feet and sits on a 23’ x 100.71’ lot within the Upper West Side/Central Park West Historic District. The Property's thirteen apartments are configured as studios, one-bedrooms and two-bedrooms of which twelve are free-market and one is rent stabilized. This unit mix offers investors stable cash-flow in one of the city’s strongest rental neighborhoods and presents the opportunity for short-term income growth through active management and unit turnover. Located between Central Park West and Columbus Avenue, the Property is a half-block from Central Park and in the center of the neighborhood’s extensive retail, dining, and cultural amenities. There is convenient access to public transportation including the B and C trains at 86th Street and the 1-train along Broadway.