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323 W 89th St 10 Unit Apartment Building $8,736,896 CAD ($873,690 CAD/Unit) 6.29% Cap Rate New York, NY 10024
Investment Highlights
- 100% free market
- Fully occupied
- Perfectly maintained
Executive Summary
323 West 89th Street a classic Upper West Side 100% Free Market multifamily property located on a tree-lined block just steps from Riverside Park. Built with traditional prewar architecture, the building spans approximately 7,120 square feet and features a desirable layout ideal for long-term rental stability. Positioned between West End Avenue and Riverside Drive, the property benefits from strong neighborhood demand, excellent walkability, and direct access to the area’s top amenities.
Financial Summary (Pro Forma - 2026) Click Here to Access |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Pro Forma - 2026) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $8,736,896 CAD | Apartment Style | Mid-Rise |
| Price Per Unit | $873,690 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.04 AC |
| Cap Rate | 6.29% | Building Size | 7,120 SF |
| No. Units | 10 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 5 |
| Property Subtype | Apartment | Year Built | 1900 |
| Zoning | R8 - R8 Zoning in NYC is a “high density” residential zoning district. | ||
| Price | $8,736,896 CAD |
| Price Per Unit | $873,690 CAD |
| Sale Type | Investment |
| Cap Rate | 6.29% |
| No. Units | 10 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | C |
| Lot Size | 0.04 AC |
| Building Size | 7,120 SF |
| Average Occupancy | 100% |
| No. Stories | 5 |
| Year Built | 1900 |
| Zoning | R8 - R8 Zoning in NYC is a “high density” residential zoning district. |
Amenities
Unit Amenities
- Air Conditioning
- Balcony
- Fireplace
- Kitchen
- Range
- Tub/Shower
- Patio
Site Amenities
- 24 Hour Access
- Laundry Facilities
- Walking/Biking Trails
- Public Transportation
- Walk-Up
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 6 | - | 500 |
| 1+1 | 2 | - | 650 |
| 2+1 | 2 | - | 900 |
1 1
Walk Score®
Walker's Paradise (94)
Transit Score®
Rider's Paradise (100)
Bike Score®
Very Bikeable (72)
Property Taxes
| Parcel Number | 1250-0079 | Total Assessment | $802,448 CAD (2025) |
| Land Assessment | $178,120 CAD (2025) | Annual Taxes | -$1 CAD ($0.00 CAD/SF) |
| Improvements Assessment | $624,328 CAD (2025) | Tax Year | 2026 |
Property Taxes
Parcel Number
1250-0079
Land Assessment
$178,120 CAD (2025)
Improvements Assessment
$624,328 CAD (2025)
Total Assessment
$802,448 CAD (2025)
Annual Taxes
-$1 CAD ($0.00 CAD/SF)
Tax Year
2026
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323 W 89th St
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