166 West 75th Street

Prime Upper West Side mix-use building with 67 apartments

166 W 75th Street, New York, NY 10023
Asking Price Auction Sale
Type Mixed-Use
Neighborhood Upper West Side
Properties 1
Lot Size 6,183 SF
Zoning Code C2-7A
Size 81,339 SF
Stories 15 + Penthouse
Units 160
Air Rights Overbuilt

Investment Highlights:
  • Luxury mixed-use building currently generating an in-place NOI of over $2.0 million with 67 apartments leased at over 70% below market rent.
  • The property underwent a gut renovation totaling over $15 million, which included brand new mechanical equipment, cosmetic upgrades to common areas, and extensive apartment renovations.
  • Given the compact apartment sizes which average 344 square feet, the property currently serves as efficient luxury rentals and is an excellent conversion candidate for a transient hotel, extended stay, co-living, or institutional housing.
  • Building amenities include a 24-hour doorman, fitness center, laundry facilities, and package room.
  • The property is located in close proximity to mass transportation (three blocks from the Broadway and 72nd Street station) and is surrounded by world class dining and shopping options.
Location:

Luxury mixed-use building located just two blocks from Central Park on the Upper West Side

Property Listing Contact:

David Schechtman // Senior Executive Managing Director// 800 3rd Ave., New York, NY // 212.468.5907 // dschechtman@meridiancapital.com

Lipa Lieberman // Managing Director // 800 3rd Ave., New York, NY // 212.468.5908 // llieberman@meridiancapital.com

Abie Kassin // Director // 800 3rd Ave., New York, NY // 212.468.5909 // akassin@meridiancapital.com