132 W 73rd St 8 Unit Apartment Building $6,905,588 CAD ($863,198 CAD/Unit) 7.78% Cap Rate New York, NY 10023

Coldwell Banker Warburg is pleased to present the exclusive offering of 132 West 73rd Street, a historic 5-story plus finished basement brownstone located in the heart of Manhattan’s Upper West Side, just moments from Central Park.
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 façade, 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 $480,600, 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.