

West 86th Street
10-Unit Free-Market Pre-War | Upper West Side, Manhattan
Marketing description
This property is a five-story, ten-unit free-market converted dwelling on one of the Upper West Side's most consistently demanded blocks, a tree-lined corridor between Riverside Park and Central Park, within the Riverside, West End Historic District Extension I. The building is 100% free market with zero regulated tenancies and has demonstrated measurable rent growth under current ownership, with monthly income rising from $37,085 to $40,037 since acquisition in January 2026, a trailing gain of +7.96%.
Offered at $8,000,000 free and clear. The ten units average 712 square feet and include a studio, seven one-bedrooms, one one-bedroom with garden, and one one-bedroom with private terrace, all occupied on active leases. The building's pre-war masonry construction (1900) provides architectural permanence.
A single-address, ten-tenancy, all-free-market asset on an Upper West Side trophy block with proven pricing power, no regulatory overhang, and a long-dated development option embedded beneath in-place cash flow.
Complete rent roll, operating statement, and NDA available upon request.
Investment highlights
100% Free Market — Ten unregulated units, full pricing power, zero rent stabilization
Proven Rent Growth — Monthly roll up $2,952 (+7.96%) since January 2026 acquisition; annualized at $480,444
Upper West Side Trophy Location — Tree-lined block between Riverside Park and Central Park, inside Riverside–West End Historic District
Pre-War Asset — 1900 masonry construction; Historic District designation provides permanent architectural protection
Transit-Rich — 1 train at 86th St (3 blocks); B/C trains at Central Park West
Development Optionality — R10A density represents a long-dated call option on underlying site value, subject to LPC approvals
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