A rare three-asset Upper West Side residential portfolio offering stable in-place income, long-term tenancy strength, and significant positioning within one of Manhattan’s most supply-constrained multifamily markets.
Global Prime Real Estate is pleased to present a rare opportunity to acquire a three-asset, income-producing multifamily portfolio located in the heart of Manhattan’s Upper West Side one of New York City’s most historically stable, supply-constrained, and institutionally sought-after residential submarkets. This offering consists of a landmark ten-story prewar elevator building complemented by two boutique townhouse-style multifamily assets, all located within close geographic proximity. Together, the properties form a strategically balanced residential portfolio that combines scale, architectural pedigree, and durable long-term cash flow performance. The portfolio includes 15 West 75th Street, 47 West 74th Street, and 122 West 71st Street, totaling 61 residential units across approximately 74,274 square feet of gross residential area. The assets generate $2,454,839 in gross annual income, with $815,416 in operating expenses, resulting in a Net Operating Income (NOI) of $1,639,423. The portfolio is being offered at an asking price of $52,000,000, delivered free and clear of existing mortgage debt, providing incoming ownership with maximum flexibility in capital structuring and long-term investment strategy. This is a rare opportunity to acquire scale in a submarket defined by limited supply, strong tenant retention, and consistent institutional demand. Investment Thesis The Upper West Side continues to represent one of Manhattan’s most resilient residential investment markets, characterized by structural housing undersupply, high barriers to new development, strong long-term tenant retention, consistent household income growth, and deep institutional and private capital demand. Within this context, the subject portfolio offers a durable income base with embedded long-term value creation potential, supported by both stabilized cash flow and repositioning opportunities over time. The combination of elevator-scale housing and boutique townhouse assets provides
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