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237 W 72nd St 6 Unit Apartment Building $11,215,065 CAD ($1,869,177 CAD/Unit) 6.40% Cap Rate New York, NY 10023
Investment Highlights
- 100% Free Market Asset – No rent regulation, allowing maximum rental growth and operational flexibility.
- Protected Tax Class 2A – Predictable property taxes with capped annual increases.
- Prime Upper West Side Location – Steps from Central Park, Lincoln Center, dining, and shopping in one of Manhattan's most sought-after neighborhoods
- Turnkey Property – Fully renovated with condo-quality finishes; no immediate capital improvements needed.
- Strong Retail Tenant – Ground-floor space leased to RSM, a well-established national education provider.
Executive Summary
The New York Multifamily team is pleased to offer the following opportunity located in the heart of the Lincoln Square/Upper West Side neighborhood. 237 West 72nd Street is located on the north side of West 72nd Street between Broadway and West End Avenue. The property boasts an approximate gross square footage of 8,440, is zoned C4-6A / R10A, and is built 23 ft x 94 ft on a 23 ft x 102.17 ft lot (Block: 1164; Lot: 17).
Property Facts
| Price | $11,215,065 CAD | Property Subtype | Apartment |
| Price Per Unit | $1,869,177 CAD | Apartment Style | Mid-Rise |
| Sale Type | Investment | Building Class | C |
| Cap Rate | 6.40% | Lot Size | 0.05 AC |
| Gross Rent Multiplier | 10.4 | Building Size | 8,440 SF |
| No. Units | 6 | No. Stories | 5 |
| Property Type | Multifamily | Year Built | 1900 |
| Zoning | C4-6A | ||
| Price | $11,215,065 CAD |
| Price Per Unit | $1,869,177 CAD |
| Sale Type | Investment |
| Cap Rate | 6.40% |
| Gross Rent Multiplier | 10.4 |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | C |
| Lot Size | 0.05 AC |
| Building Size | 8,440 SF |
| No. Stories | 5 |
| Year Built | 1900 |
| Zoning | C4-6A |
Amenities
Unit Amenities
- Air Conditioning
- Heating
- Refrigerator
- Oven
- Range
- Views
Site Amenities
- 24 Hour Access
- Picnic Area
- Recycling
- Trash Pickup - Curbside
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 2 | - | - |
| 2+1 | 4 | - | - |
1 1
Exceptionally walkable
100/100
Fairly drivable
40/100
Exceptional public transit
100/100
Exceptionally bikeable
90/100
Property Taxes
| Parcel Number | 1164-0017 | Improvements Assessment | $1,143,141 CAD |
| Land Assessment | $1,066,093 CAD | Total Assessment | $2,209,234 CAD |
Property Taxes
Parcel Number
1164-0017
Land Assessment
$1,066,093 CAD
Improvements Assessment
$1,143,141 CAD
Total Assessment
$2,209,234 CAD
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237 W 72nd St
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