This exceptional 29-story, 86,114 square foot apartment building, constructed in 1973 and renovated in 2006, presents a unique investment opportunity. Located at 100 West 93rd Street in Manhattan's Upper West Side, this property boasts 102 units, offering significant value-add potential. The building benefits from a C1-9 / R7-2 permitted zoning designation. Its prime location offers 601 feet of wraparound frontage, including 201 feet on Columbus Avenue, and proximity to Central Park, top-tier schools, and multiple subway lines (1, 2, 3, and C) and bus routes (M7, M11, M96, M106). The building features attractive amenities including a garden, fitness center, and children's playroom, along with a garage. Exceptional views are available from 72% of the high-floor units, many with private balconies overlooking Central Park, the Hudson River, and the city skyline. Currently, six vacant units are undergoing renovation, presenting immediate upside potential for increased rental income or resale. The average age of tenants is 71 years old. Importantly, this investment is unaffected by new rent regulation laws, allowing for market-rate leasing or sales upon vacancy. High condominium sellouts have averaged $1,526 per square foot, with a high of $1,665 per square foot, demonstrating strong market demand. This property offers a compelling combination of location, amenities, and upside potential for discerning investors.
Highlights
Market-rate leasing or sales upon vacancy due to exemption from new rent regulations.
Average tenant age is 71 years.
Six vacant units under renovation offer immediate upside potential for increased rental income or resale.
Exceptional natural light throughout due to 601 feet of wraparound frontage.
601 feet of wraparound frontage, including 201 feet on Columbus Avenue.
Excellent access to 1, 2, 3, and C subway lines, and M7, M11, M96, and M106 bus routes.
Apartment building - 102-unit condo building, prime location
Where is the apartment building located?
The property is located at 100 93Rd St New York, NY.
What are key features of this property?
This property features: Market-rate leasing or sales upon vacancy due to exemption from new rent regulations.; Average tenant age is 71 years.; Six vacant units under renovation offer immediate upside potential for increased rental income or resale.
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Contacts
Bob Knakal
Ryan Candel
Jas Saini
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93Rd St New York, NY 10025
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93Rd St New York, NY 10025
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100 93Rd St
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