323 West 89th Street is a Renaissance Revival-style townhouse designed by renowned architect C.P.H. Gilbert and constructed in 1893. With a 5.3% cap rate at the asking price & ideally positioned on a picturesque Riverside Park block in the Upper West Side, this stately, 22-foot-wide property presents a rare opportunity… Read More to acquire a turnkey, income-producing multi-family townhouse in one of Manhattan’s most desirable neighborhoods. Spanning five stories plus basement, the building is currently configured as 10 Free Market apartments, all of which have been recently renovated. The layout includes a mix of studio, one-bedroom, and two-bedroom apartments, with select units featuring private terraces or garden access. High ceilings, wood-burning fireplaces, penthouse additions, and laundry in basement further elevate the offering. Each apartment is individually metered for electric, with updated infrastructure including a converted gas boiler, in-building sprinkler system, and tenant-paid cooking gas. Whether held for steady income, converted into a luxurious owner’s residence, or adapted for a live-with-income scenario, 323 West 89th Street stands out for its prime location within the Riverside – West End Avenue Historic District. Surrounded by landmarked townhouses, tree-lined streets, and steps from Riverside Park, this home offers unmatched access to green space, transportation, and the vibrant cultural institutions of the Upper West Side. The property will be delivered on an as-is, where-is basis. Read Less
Listing Courtesy of: Richard D Pretsfelder, Leslie J Garfield & Co Inc
Listing Snapshot
Days Online
50
Last Updated
Property Type
MultiFamily
Beds
7
Full Baths
10
Partial Baths
2
Square Ft.
7,120
Lot Size
0.04 Acres
Year Built
1893
MLS Number
RLS20032345
30 Days Snapshot Of 10024
$1.77M
-37%
(avg) sold price
55
+19%
homes sold
103
-14%
(avg) days on market
Snapshot
Area Map
Additional Details
Building
Living Area Units: SquareFeet, Rooms Total: 19, Structure Type: House, MultiFamily, Townhouse
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