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12 W 104th St 16 Unit Apartment Building For Sale New York, NY 10025
INVESTMENT HIGHLIGHTS
- 16 free-market apartments featuring exposed brick, in-unit washer/dryers, and modern finishes throughout.
- 14 two-bedroom and 2 one-bedroom units generating strong in-place income with an average monthly rent of $3,804.
- Stable cash flow with opportunity for future rent growth and appreciation in a supply-constrained Manhattan submarket.
- Consistent high occupancy driven by proximity to Columbia University, Whole Foods, Trader Joe’s, and Central Park.
- Just two minutes from the 103rd Street subway station — and lines with direct access to Midtown in ~20 minutes.
- Steps from Central Park and surrounded by green spaces, offering exceptional neighborhood appeal, with direct access to Midtown in ~20 minutes.
EXECUTIVE SUMMARY
CBRE is pleased to present for sale 12 West 104th Street (the “Property”), a 27-foot-wide multifamily walk-up in the
heart of Manhattan Valley. The Property, located on the south side of West 104th Street between Manhattan Avenue and
Central Park West, is a well-maintained asset positioned within a highly sought-after rental market and surrounded by
abundant green spaces.
The five-story building comprises 16 fully renovated, free-market apartments featuring exposed brick walls, in-unit
washer/dryers, and modern finishes throughout. The unit mix includes 2 one-bedroom and 14 two-bedroom residences,
generating an average monthly rent of $3,804 collectively. Additionally, tenants enjoy convenient access to a shared
backyard, further enhancing the Property’s desirability within the competitive rental market.
Uniquely, the Property stands alone, flanked by city-owned vacant lots on both sides, providing exceptional light and
air and more green space. These adjacent parcels function as community gardens, collectively known as The West 104th
Street Garden, and are actively maintained by residents and community organizations. The Property is also steps from
Central Park, offering tenants immediate access to one of the city’s premier outdoor amenities.
Connectivity is another key advantage: the Property is located just two minutes from the 103rd Street subway station,
which services the and lines—providing direct access to Midtown Manhattan in approximately 20 minutes.
Residents also enjoy proximity to a wide array of neighborhood amenities, including Whole Foods, HomeGoods, and
Trader Joe’s, as well as numerous dining, retail, and recreational options that enhance the Property’s long-term rental
appeal.
The Property represents a rare opportunity to acquire a fully renovated, cash-flowing multifamily asset in Manhattan
Valley, featuring 16 free-market units with modern finishes and strong in-place income. Its prime location near major
transit and lifestyle amenities further positions the asset for long-term appreciation and sustained rental demand
heart of Manhattan Valley. The Property, located on the south side of West 104th Street between Manhattan Avenue and
Central Park West, is a well-maintained asset positioned within a highly sought-after rental market and surrounded by
abundant green spaces.
The five-story building comprises 16 fully renovated, free-market apartments featuring exposed brick walls, in-unit
washer/dryers, and modern finishes throughout. The unit mix includes 2 one-bedroom and 14 two-bedroom residences,
generating an average monthly rent of $3,804 collectively. Additionally, tenants enjoy convenient access to a shared
backyard, further enhancing the Property’s desirability within the competitive rental market.
Uniquely, the Property stands alone, flanked by city-owned vacant lots on both sides, providing exceptional light and
air and more green space. These adjacent parcels function as community gardens, collectively known as The West 104th
Street Garden, and are actively maintained by residents and community organizations. The Property is also steps from
Central Park, offering tenants immediate access to one of the city’s premier outdoor amenities.
Connectivity is another key advantage: the Property is located just two minutes from the 103rd Street subway station,
which services the and lines—providing direct access to Midtown Manhattan in approximately 20 minutes.
Residents also enjoy proximity to a wide array of neighborhood amenities, including Whole Foods, HomeGoods, and
Trader Joe’s, as well as numerous dining, retail, and recreational options that enhance the Property’s long-term rental
appeal.
The Property represents a rare opportunity to acquire a fully renovated, cash-flowing multifamily asset in Manhattan
Valley, featuring 16 free-market units with modern finishes and strong in-place income. Its prime location near major
transit and lifestyle amenities further positions the asset for long-term appreciation and sustained rental demand
PROPERTY FACTS
| Sale Type | Investment | Lot Size | 0.06 AC |
| No. Units | 16 | Building Size | 10,899 SF |
| Property Type | Multifamily | Average Occupancy | 100% |
| Property Subtype | Apartment | No. Stories | 5 |
| Apartment Style | Mid-Rise | Year Built | 1920 |
| Building Class | B | ||
| Zoning | R8B - High Density Residential | ||
| Sale Type | Investment |
| No. Units | 16 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | B |
| Lot Size | 0.06 AC |
| Building Size | 10,899 SF |
| Average Occupancy | 100% |
| No. Stories | 5 |
| Year Built | 1920 |
| Zoning | R8B - High Density Residential |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Heating
- Tile Floors
- Kitchen
- Hardwood Floors
- Oven
- Range
- Tub/Shower
- Intercom
SITE AMENITIES
- Controlled Access
- Security System
- Vintage Building
- Walking/Biking Trails
- Public Transportation
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 1 | - | 500 |
| 2+1 | 15 | - | 662 |
1 1
Walk Score®
Walker's Paradise (95)
Transit Score®
Rider's Paradise (100)
Bike Score®
Very Bikeable (74)
PROPERTY TAXES
| Parcel Number | 1839-0041 | Improvements Assessment | $1,586,674 CAD |
| Land Assessment | $144,868 CAD | Total Assessment | $1,731,542 CAD |
PROPERTY TAXES
Parcel Number
1839-0041
Land Assessment
$144,868 CAD
Improvements Assessment
$1,586,674 CAD
Total Assessment
$1,731,542 CAD
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