100 West 93rd Street

• Investor Value Potential - This package is not affected by new rent regulation laws. Thus, upon vacancy the units can either be leased or sold at “fair market” rates.
• Tenant Demographics - The average age of the tenancy is 71 years old.
• Immediate Upside Potential - Five vacant units are currently being renovated. Once completed, they can either be rented to increase revenue or sold for a profit.
• Tremendous Light and Air - Due to its blockfront exposure, the property boasts windows on the north, east, west, and south walls, providing ample natural light to both the units and common areas.
• Substantial Blockfront Frontage - 601’ of Wraparound Frontage- The property boasts 201’ of frontage on Columbus Avenue, 200’ of frontage along West 92nd Street, and 200’ of frontage along West 93rd Street.
• Ample Transportation Available - Proximity to several transportation hubs with services the 1,2,3, and C subway lines, as well as the M7, M11, M96 and the M106 all readily accessible.
• Exceptional Views - 35% of units with a private outdoor balcony and 72% of units are located on a high floor offering Central Park, Hudson River and city skyline views.
• Favorable Location - The property is located in the Upper West Side, near Central Park and within walking distance to many top tier public and private schools.
• High Condominium Sellouts - The average of renovated condo sellouts achieved by ownership is $1,526 PSF with a high-water mark of $1,665 PSF - an attractive price point for an Upper West Side location in today’s market.

Property Description

BKREA is exclusively managing the UCC foreclosure sale of 102 unsold condominium units at 100 West 93rd Street, a 29-story building in Manhattan’s Upper West Side. The property spans the western blockfront of Columbus Avenue between West 92nd and 93rd Streets, a block from Central Park. Built in 1973 and converted to condos in 2015, it features amenities like a garden, fitness center, children’s playroom, and garage. The unsold units, formerly rent-stabilized, offer an attractive opportunity for value-add investors. Buyers can increase rental income through renovations and capital improvements, with the property located near key cultural landmarks.