Multifamily Housing
73 West 68th Street New York, NY 10023
Details & Description
Price: $6,700,000
    Steps from Central Park and Lincoln Center, 73 West 68th Street represents an opportunity to acquire a rare, entirely free market 9-unit multi-family building in an absolutely prime Manhattan location. The property has been owned for the last 25 years by a family which developed and managed an impeccably maintained portfolio of properties on the Westside. The family, whose businesses included a premier electrical contracting firm, also had family members reside in several of the units, most recently in the stellar duplex that spans the ground floor and below-grade levels. The building is a cash-flowing, low-management asset that will afford the new owner consistently increasing income and appreciation as New York City’s real estate market recovers from the pandemic.
    Additional Photos
    Listing Agents
    Chris Brodhead

    O: 646-933-2616
    cbrodhead@b6realestate.com
    While we strive to provide the most accurate information, all listing information, and demographic data, is provided by third-parties. As such, MyEListing will not be responsible for the accuracy of the information. It is strongly recommended that you verify all information with the listing agent, and any relevant agencies, prior to making any decisions.

    73 West 68th Street

    New York, NY 10023

    Listing ID: 252034
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    Building Size: 6,750 SF
    Lot Size: 0.040 AC
    Land Size: 1,808 SF
    Building $/SF: $992.59
    Land $/SF: $3,706.00
    Price
    $6,700,000
    Description

    Steps from Central Park and Lincoln Center, 73 West 68th Street represents an opportunity to acquire a rare, entirely free market 9-unit multi-family building in an absolutely prime Manhattan location. The property has been owned for the last 25 years by a family which developed and managed an impeccably maintained portfolio of properties on the Westside. The family, whose businesses included a premier electrical contracting firm, also had family members reside in several of the units, most recently in the stellar duplex that spans the ground floor and below-grade levels. The building is a cash-flowing, low-management asset that will afford the new owner consistently increasing income and appreciation as New York City’s real estate market recovers from the pandemic.

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    Points of Interest & Demographic Radii

    Points of Interest
    Demographic Radii
    POIs provided for entertainment purposes only. Data comes from multiple data sources as well as users and agents. MyEListing makes no claims whatsoever as to the accurancy and/or completeness.
     
    New York History of Multifamily Housing for Sale

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    New York Area Market Trends

    Listing Demographics for 73 West 68th Street New York, NY 10023

    All information based on the most recently available data (updated annually) and is provided in 1-mile, 3-mile, and 5-mile radii (radiuses) of the property location.

    1-Mile 3-Miles 5-Miles
    Total Population163,1781,274,2162,587,702
    Population Median Age444039
    Population by Age0-9 Yrs13544 (8%)117127 (9%)255044 (9%)
    10-19 Yrs9298 (5%)95312 (7%)207510 (8%)
    20-29 Yrs21813 (13%)220332 (17%)471599 (18%)
    30-39 Yrs30977 (18%)250812 (19%)516198 (19%)
    40-49 Yrs22781 (13%)166434 (13%)335574 (12%)
    50-59 Yrs21188 (12%)150597 (11%)296277 (11%)
    60-69 Yrs20322 (12%)130823 (10%)248629 (9%)
    70+ Yrs23256 (14%)142779 (11%)256870 (9%)
    Median HH Income$131,484$101,101$84,939
    Total Household Income< 24K12634 (14%)104437 (17%)234288 (20%)
    25-49K7350 (8%)72213 (11%)163140 (14%)
    50-74K7362 (8%)66558 (10%)137580 (11%)
    75-99K7201 (8%)58872 (9%)114640 (9%)
    100-199K22240 (25%)149382 (24%)273529 (23%)
    200K+31040 (35%)157070 (25%)238007 (20%)
    Highest Education LevelNo Diploma431089946255726
    Diploma or GED8977123660311487
    Some College948488423197067
    Assoc. Degree40443558081090
    Bachelors Degree47680326763605436
    Higher Degree59154318861504869
    Total Housing Units111,489716,7971,327,357
    --Owner-Occupied31,799177,683295,246
    --Renter-Occupied56,028430,849865,938
    Owner-Occupied Values< 100K493471410335
    100-199K293556210207
    200-299K358750216618
    300-399K9341071723467
    400-499K12791253623806
    500K+28443136652210813
    Total Working Age Population143,8631,103,4532,213,722
    In Work Force100,867767,3531,512,932
    Not In Work Force42,996336,101700,789
    Workforce Employed96,884733,2291,437,784
    Workforce Unemployed3,98333,73374,536
    Civlian Workforce100,867766,9621,512,320
    Military Workforce0391612
    Total Households87,827608,5321,161,184
    Family Households35,063269,091548,388
    Non-Family Households52,764339,442612,796
    Married Couple29,483198,095375,620
    Other Family5,58070,995172,769
    Married w/Child10,06873,900146,317
    Single Male w/Child5056,44514,319
    Single Female w/Child1,79022,26754,362

    Population Change Last Two Decades - Plus Projection

    2000%2010%2020%2030
    New Jersey8,414,350+48,791,894+49,132,700+49,530,900
    Bergen County884,118+2905,116+7967,500+71,031,500
    Hudson County608,975+4634,266+12708,100+6747,400
    New York18,976,457+219,378,102+420,146,131+220,604,030
    Bronx County1,332,650+41,385,108+101,519,809+61,604,168
    Kings County2,465,326+22,504,700+92,738,283+52,863,996
    New York County1,537,195+31,585,873+61,688,894+21,727,631
    Queens County2,229,37902,230,722+92,436,549+52,565,268

    Total Working Age Population:

    Total Households:

    Total Working Age Population:

    Total Households:

    Total Working Age Population:

    Total Households:

    No part of this information may be copied, reproduced, repurposed, or screen-captured for any commercial purpose without prior written authorization from MyEListing.

    While we strive to provide the most accurate information, all listing information, and demographic data, is provided by third-parties. As such, MyEListing will not be responsible for the accuracy of the information. It is strongly recommended that you verify all information with the listing agent, and any relevant agencies, prior to making any decisions.

    Common Questions and Answers

    What is the asking price for 73 West 68th Street in New York?
    The asking price for 73 West 68th Street is $6,700,000
    What is the building size of this Multifamily property in New York, NY?
    The size of the building/unit at 73 West 68th Street in New York is 6,750 square feet
    How much land does the New York, NY property at 73 West 68th Street include?
    73 West 68th Street in New York includes 0.040 acres of land
    What is the population within 1 mile of 73 West 68th Street in New York?
    The population within 1 mile of 73 West 68th Street New York, NY 10023 is 163,178 people.
    Who do I contact for questions about 73 West 68th Street?
    You should contact the listing agent, Chris Brodhead, for any details regarding this commercial listing.

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    Closest Commercial Airports

    Airport Distance (mi)
    La Guardia Airport (LGA) 6
    Newark Liberty International Airport (EWR) 11
    John F Kennedy International Airport (JFK) 14
    Price
    $6,700,000
    Listing Agent
    More listings from Chris Brodhead
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