46 west 87th street
FOR SALE
$8,000,000
46 West 87th Street, New York, NY 10024
8,861 SF
Square Feet
$903
PPSF
5.38%
CAP
Property Description
NOI
$430,000
Cap Rate
5.38%
Discover 46 West 87th Street: A Masterpiece of Romanesque Revival Architecture
Step into a piece of New York history with 46 West 87th Street, an exquisite Romanesque Revival townhouse crafted by the esteemed Charles Buek & Company in 1892. This grand residence, with an impressive 23’ width, offers approximately 8,861 square feet of refined living space, configured into 13 residential units—12 of which are free-market and 1 rent-regulated.
Each floor, offering nearly 1,800 square feet, is bathed in natural light, thanks to the property’s south-facing orientation. The home’s architectural charm shines through in its preserved original details, including a spacious terrace that overlooks a lush garden—perfect for those seeking both tranquility and urban convenience.
Nestled in the heart of the Upper West Side, this property is ideally located on a picturesque, tree-lined block just steps from Central Park. Residents will enjoy proximity to some of New York City’s finest schools, restaurants, and cultural landmarks, with easy access to public transportation, connecting you effortlessly to the rest of the city.
Experience the perfect blend of historic elegance and modern living at 46 West 87th Street.
Property Details
Asset Type
MultiFamily
Lot Size
2,300 SF
Neighborhood
Upper West Side
Submarket
New York
ZIP
10024
Listing Type
sale
Offering Memorandum
30 years
10 years
Net Operating Income (NOI)
$682,195
Debt Service Coverage Ratio (DSCR)
1.50x
Cap Rate
8.53%
Cash Flow (Annual)
$227,106
Cash-on-Cash Return
11.36%
Monthly Debt Service
$37,924
Annual Debt Service
$455,089
View on Map
Address
46 West 87th Street
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New York MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale
No investors found in this market.