282 West End Avenue — Sale in New York, NY

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

Photos

282 West End Avenue — Sale in New York, NY, photo 1 of 2
282 West End Avenue — Sale in New York, NY, photo 2 of 2

Investment Figures

Cap rate
5.21%

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 the exclusive sales broker for 282 West End Avenue (“Property”), a five-story walk-up apartment building located on the Upper West Side. The Property presents an opportunity for an investor to acquire a well-located multifamily asset with stable in-place cash flow and long-term upside through future rent growth. The Property’s unit mix is comprised of ten one-bedroom apartments, of which seven are free-market and three are regulated. The current rent roll provides investors with strong day-one income while offering additional upside through unit turnover and mark-to-market potential on existing rents. The Property is located within an R10A zoning district and contains approximately 10,464 square feet of unused development rights. The Property is located on West End Avenue, one of the Upper West Side’s most desirable residential corridors. Nearby amenities include Riverside Park, neighborhood retail and dining, and convenient access to public transportation. Investment Highlights: • 10 Apartments • 70% Free-Market • Room for Growth in Existing Rents • Prime Upper West Side Location

Market Context

This multifamily in New York, NY is listed for sale. It is offered at an approximate 5.2% capitalization rate, a key benchmark for income-producing multifamily assets. Compare it against other multifamily listings for sale in New York, NY — view the full market.

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