Listed by Global Prime Real Estate
$52,000,000
3 Building Portfolio
Details
Property Type Multifamily
Sub Type Apartment Building
Square Footage 74,274
Units 61
NOI $1,639,423
Year Built 1927, 1910, 1900
Buildings 3
Stories 10
Zoning R8B
Multifamily | 61 Units
Marketing description
Anchored by 15 West 75th Street, this rare Upper West Side portfolio offers a fully income-producing collection of residential assets spanning scale, architectural character, and long-term value. Comprising 15 West 75th Street, 47 West 74th Street, and 122 West 71st Street, the portfolio brings together three multifamily properties within one of Manhattan’s most established and consistently sought-after neighborhoods.
15 West 75th Street serves as the cornerstone of the offering. This ten-story prewar elevator building comprises 42 apartments across approximately 59,956 square feet, with classic Upper West Side proportions and a strong residential presence. The property generates $1,815,108 in annual income, with expenses of $536,739, resulting in a net operating income of $1,278,369. Its scale, unit count, and elevator infrastructure create flexibility for long-term hold strategies as well as potential operational or capital improvements.
Complementing the building are two townhouse assets that have been thoughtfully configured as multifamily residences. 47 West 74th Street is a four-story walk-up townhouse comprising 9 apartments across 6,887 square feet. The property produces $404,291 in annual income, with expenses of $130,316 and a net operating income of $237,975.
122 West 71st Street is a four-story walk-up townhouse comprising 10 apartments totaling 7,431 square feet. The property generates $235,440 in income, with expenses of $148,361 and a net operating income of $87,079.
Together, the townhouses add a layer of rarity and architectural texture to the portfolio, combining the elegance of classic Upper West Side facades with the efficiency of apartment-based income. Their smaller scale contrasts and complements the larger apartment building, creating a diversified yet cohesive investment profile.
Located just moments from Central Park, major cultural institutions, top-tier schools, and the retail corridors of Columbus and Amsterdam Avenues, the portfolio benefits from the Upper West Side’s defining traits: long-term ownership, limited supply, and consistent demand across market cycles.
Offered as a collective, this portfolio represents a rare opportunity to acquire multiple multifamily assets in close proximity, unified by location, legacy, and income stability. A true Upper West Side holding, increasingly difficult to assemble and exceptionally hard to replace.
Listing Contacts
Listed by Global Prime Real Estate
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$1,639,423.00
$136,618.58/mo
Valuation Metrics
0
DSCR
3.15%
Cap Rate
3.15%
ROI
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