The building spans 8,861 square feet and features a balanced mix of studios, and one-bedroom units.
Several units include private outdoor space, which continues to command premium rents and drive strong tenant appeal. With efficient layouts, reliable in-place income, and a proven history of consistent occupancy, the property has demonstrated long-term stability while also offering clear potential for future rental growth.
Beyond the asset itself, the location further strengthens the investment case. Residents enjoy immediate access to Central Park, the Museum of Natural History, and a vibrant mix of neighborhood dining, shopping, and cultural destinations. Convenient subway and transit options provide seamless connectivity throughout the city.
This combination of scale, location, and performance positions 46 West 87th Street as a compelling opportunity for investors seeking a stable, cash-flowing multifamily asset with future upside in one of Manhattan's most iconic and resilient neighborhoods.
Quick Profile
Bracketed on its east and west borders by massive city parks, the Upper West Side (UWS) is known for its greenery, stately and elegant townhomes, safe streets and great schools, all of which make it a very desirable neighborhood for families. The UWS has maintained its community feeling, making it attractive to young professionals and retirees, both of whom want a sense of belonging in the place they call home.
Here you’ll find many apartment buildings, especially those along Central Park West. Historic architecture abounds, anchored by four luxury co-ops - the San Remo, Majestic, Century and Eldorado apartments - all of which have two towers on their interiors. They were built in the 1930s and their design was predicated on a 1929 building code that imposed a height limit on residences facing the street. There are also impressive row houses near Riverside Drive throughout the W 70 and 80 Streets. Above the 90s, you will find smaller buildings where walk-ups are very reasonably priced.
There are several world-class museums and venues dedicated to the performing arts. Plentiful dining can be found in the UWS. You will find everything from quaint Jewish delis serving up bagels and a schmear to sophisticated fine dining that has earned multiple Michelin stars, and everything you could possibly want in between. There is also abundant shopping and a vibrant nightlife.