Built in 1884 by renowned architect James Edward Ware, this 5,236-square-foot property sits on a 1,635-square-foot lot between Columbus and Amsterdam Avenues in a landmarked row of Neo-Grec residences. (3,836 sq ft interior + 600 sq ft garden + 800 sq ft finished basement). CAN BE DELIVERED VACANT!
Currently configured as a legal 8-unit walk-up, the property presents an exceptional opportunity for both investors and end-users. The owner can occupy the spacious garden-level duplex with direct access to a private garden oasis, while renting out the remaining apartments in one of the city's strongest rental markets, ensuring both high income potential and long-term appreciation.
Alternatively, the building can be fully repositioned, converted to condominium ownership, or transformed into a luxury single-family mansion, capitalizing on its historic charm, flexible interior layouts, and advantageous Tax Class 2B designation.
Between 2019 and 2022, the property benefited from over $100,000 in capital improvements, including a new roof and skylight, repointed facade, restored cornice, and refurbished windows. Interior highlights include oak strip flooring, a grand original staircase, 10-foot ceilings, and a fully operational wet sprinkler system.
As currently configured, 132 West 73rd offers a versatile unit mix of studios and one-bedrooms, along with a garden-level 2BR and a top-floor floor-through 2BR. Zoned R8B, the property also benefits from favorable tax treatment and redevelopment flexibility under its existing classification.
With a projected pro forma NOI of $369,244, an owner or investor may re-lease units at market rents to enhance cash flow or pursue a high-end conversion, restoring this brownstone to its original grandeur.
Situated within the Upper West Side / Central Park West Historic District, the property's architectural pedigree and historic context are complemented by proximity to Lincoln Center, Central Park, and multiple subway lines (1/2/3/B/C).
With vacant delivery, rich architectural detail, and exceptional rental upside, 132 West 73rd Street offers a rare live-plus-income opportunity in one of Manhattan's most coveted and stable 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.