5 W 91st Street

48 Apt Multifamily in Upper West Side for Sale

5 W 91st Street, New York, NY 10024
Asking Price $35,000,000
Type Multi-family
Neighborhood Upper West Side
Properties 1
Lot Size Lot 148.08’ x 100.67’ & Built 148.08’ x 55’
Zoning Code R7-2 / R10A
Size 49,000± Gross SF
Stories 6 Story Elevator Building
Units 48 Units: (15) one-bed (27) two-bed & (6) three bed
Air Rights

Investment Highlights:

Meridian Investment Sales is pleased to offer for sale 5 West 91st Street, New York, N.Y. 10024, a well-maintained, 6-story, 49,000+/- square foot elevator-ed residential building with 48 apartments, located between Central Park West & Columbus Avenue in the Upper West Side neighborhood of Manhattan.

The 100% occupied Property, which is situated across the street from Central Park, is comprised of 48 residential units plus a use-able basement.

• Prime Upper West Side location between Central Park West and Columbus Avenue, near Broadway’s bustling retail corridor
• Amenities: modern lobby, community space, on-site laundry and balconies. There is a concrete rear yard which has the potential to be converted into a garden community space
• 40% of the units are Free Market
• Upside Potential: significantly below-market rents with tremendous upside upon rollover. Current average rents are below $30 PSF and market rents are north of $65 PSF
• Mechanical Features: new Weil McLain cast-iron sectional boiler, MPC Platinum series heating control panel, and dual Lochinvar 100-gallon hot water storage tanks
• Family Friendly Neighborhood: excellent Upper West Side school districts, playgrounds, parks, restaurants, day-care, museums, and shopping
• Near Mass Transit: short walk to either the 86th Street or 96th Street Subway [C,B] along Central Park West

Location:

Located between Central Park West & Columbus Avenue in the Upper West Side neighborhood of Manhattan.

Property Listing Contact:

Amit Doshi // Senior Managing Director // 800 3rd Ave., New York, NY // 212.468.5959 // adoshi@meridiancapital.com

Shallini Mehra// Managing Director // 800 3rd Ave., New York, NY // 212.468.5958 // smehra@meridiancapital.com

Jonathan A. Shainberg // Vice President // 800 3rd Ave., New York, NY // 212.468.5957 // jshainberg@meridiancapital.com