132 West 73RD Street, New York City, NY 10023
Listing Courtesy of Coldwell Banker Warburg
$4,250,000
Potential Rebate: $63,750
Overview
<p>DEAL FELL THROUGH, Major price adjustment! One of the most compelling value plays on the Upper West Side. CAN BE DELIVERED VACANT. 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.</p> <p> 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!</p> <p> 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.</p> <p> 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.</p> <p> Between 2019 and 2022, the property benefited from over $100,000 in capital improvements, including a new roof and skylight, repointed facade, 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.</p> <p> 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.</p> <p> With a projected pro forma NOI of $369,244, 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.</p> <p> 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).</p> <p> 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.</p> <p> </p>
Home Features
- •In Unit
- •Private Outdoor Space Over 60 Sqft
- •Smoke Free
Estimated Monthly Payment
$26,014 per month
30 year fixed, 6.28% Interest
Estimated Rebate for this Home
One-time rebate at closing
$63,750
Monthly savings impact
$177/mo
💡 Estimated at 1.5% of purchase price
The rebate is paid to you at closing and can help offset closing costs or other expenses.
Calculator Disclaimer: This calculator provides estimates for informational purposes only. Actual monthly payments, interest rates, taxes, and rebate amounts may vary. The rebate calculation is an estimate and subject to final terms. This information is not provided by the Real Estate Board of New York (REBNY).
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RLS IDX Data display by Real Estate Rebate Team. This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. ©2025 The Real Estate Board of New York, Inc., All rights reserved. IDX information is provided exclusively for consumers’ personal, non-commercial use and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer and for no listing shall the number of bedrooms listed be considered a legal conclusion.
The Real Estate Rebate Team
Listing Courtesy of Coldwell Banker Warburg
Data Source: TRESTLE #RLS20038313
Price Analysis
Compare average listing prices and value metrics for 132 West 73RD Street against the surrounding Upper West Side market.
Average List Price
Price Per SqFt
47.49% Lower
than the Upper West Side price-per-sq-ft average
Units in this building are listed below the neighborhood average, potentially offering better value per square foot compared to surrounding properties.
Upper West Side
Overview of Upper West Side
The Upper West Side (UWS) is the intellectual and cultural counterpoint to the East Side. Sandwiched between Central Park and Riverside Park, it is known for its brownstones, protected historic districts, and artistic legacy. For buyers seeking Upper West Side Manhattan real estate, it offers a relaxed, leafy, and quintessentially "New York" vibe.
Living in the Upper West Side feels like living in a movie. The streets are wide and lined with trees. As a beloved Manhattan NYC neighborhood, it attracts writers, actors, and families who value space, parks, and Zabar's.
Real Estate & Housing Market
The market for homes for sale in the Upper West Side is robust. It is famous for its pre-war co-ops along Central Park West and Riverside Drive, and its miles of brownstone blocks in between. Newer condos have risen in the low 60s and along Columbus Avenue.
It is a high-demand market because the housing stock is beautiful and protected. You can't build skyscrapers on the brownstone side streets, preserving the light and character.
Lifestyle & Community
The lifestyle on the UWS is casual and community-focused. Neighbors stop to chat at the Sunday landscaped market or while walking dogs in Riverside Park. It feels less formal than the East Side.
Cultural institutions like Lincoln Center and the Museum of Natural History anchor the community, infusing it with art and science.
Transportation & Accessibility
The Upper West Side is served by the 1/2/3 and B/C trains. The express 2/3 makes getting to Times Square or Wall Street incredibly fast.
The West Side Highway provides easy car access for escapes to the Catskills or Jersey.
Parks, Schools & Amenities
You are never more than two blocks from a park. Riverside Park offers sunsets over the Hudson, while Central Park offers the Great Lawn and the Reservoir.
Amenities are iconic: Zabar's, Fairway, Barney Greengrass. The food culture here is legendary. Schools are excellent, contributing to its reputation as a family haven.
Who This Neighborhood Is Best For
The Upper West Side is best for families, dog owners, and creatives who want a beautiful, green, and relaxed neighborhood with deep cultural roots.
