237 West 72nd Street — Sale in New York, NY

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Business
  • Location: New York, NY 10023

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Investment Figures

Cap rate
6.70%

Derived from the asking price and operating figures published for this listing. Informational only — not an appraisal, valuation or financial advice. Verify independently before relying on any figure.

Description

Marcus & Millichap is pleased to offer the following opportunity located in the heart of the Lincoln Square/Upper West Side neighborhood. Ownership has completed a comprehensive renovation, delivering a true turnkey asset that requires no capital outlay from day one. The apartments have been meticulously redesigned with condo-quality finishes throughout, featuring new kitchens, bathrooms, hardwood flooring, and modern fixtures, positioning each unit to command top-of-market rents and attract the caliber of tenants this neighborhood consistently draws. Upgraded common areas, building systems, and façade further reinforce the institutional quality of this offering. A new owner steps in with nothing left to do but collect and benefit consistent year over year rental growth. Investment Highlights: • 237 West 72nd Street is located on the north side of West 72nd Street between Broadway and West End Avenue. The property boasts an approximate gross square footage of 8,440. • Protected Tax Class: 2A | 100% Free Market | Zoning: C4-6A • With seamless access to the 1/2/3 subway lines and neighborhood conveniences at every turn, 237 West 72nd Street sits at one of the Upper West Side's most iconic and heavily trafficked neighborhoods.

Market Context

This mixed use in New York, NY is listed for sale. It is offered at an approximate 6.7% capitalization rate, a key benchmark for income-producing mixed use assets. Compare it against other mixed use listings for sale in New York, NY — view the full market.

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