321 West 89th Street — Sale in New York, NY

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Multifamily Property
  • Location: New York, NY 10024

Investment Figures

Cap rate
5.08%

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 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

Market Context

This multifamily in New York, NY is listed for sale. It is offered at an approximate 5.1% capitalization rate, a key benchmark for income-producing multifamily assets. It has been on the market for 101 days. Compare it against other multifamily listings for sale in New York, NY — view the full market.

Contact

Explore this market

Similar Multifamily Property for Sale in New York, NY