1 Audubon Ave - Apartments FOR SALE


New York, NY 10032- Washington Heights
$5,550,000 USD
212-430-5136
1 Audubon Ave, New York, NY for Sale
$5,550,000 USD
Apartments - FOR SALE
1/8
null | 6% Cap Rate

1 Audubon Ave
New York, NY 10032
Washington Heights


HIGHLIGHTS

  • This 60-unit walk-up comprises 17 studio, 33 one-bedroom, and 5 two-bedroom apartments.
  • This asset is further complemented by 4 ground-floor retail units.
  • 5.7x GRM | | $92,500 Per Unit | $138Per Sqft
  • 1 Audubon Avenue benefits from prime retail frontage on a highly sought-after retail corridor in Upper Manhattan
  • Four units are currently occupied by a barbershop, juice bar, drug store, and dentist
  • 1 Audubon Avenue is just steps from New York Presbyterian / Columbia University Medical Center, Mitchell Square, and the 168th Street A and C trains.

OVERVIEW

The New York Multifamily Team at Marcus & Millichap is pleased to present the following opportunity: 1 Audubon Avenue. Situated on the corner of Audubon Avenue and W 165 Street, this Washington Heights walk-up is comprised of 56 apartments and 4 ideally positioned retail spaces. Spanning 40,122 square feet, this building has been meticulously maintained and professionally managed by the same ownership for 20 years. Additionally, this opportunity offers investors the chance to acquire a well-maintained asset in a highly desirable submarket of Upper Manhattan, with future rental upside from a $140,426 annual preferential rent delta between actual and DHCR- registered rents. 1 Audubon Avenue is conveniently located across the street from New York Presbyterian and Columbia University Medical Center. It is also just steps from Mitchell Square and the 168th Street A and C trains

FOR SALE DETAILS

PRICE

$5,550,000 USD

PRICE/SF

$138 USD /SF

# OF UNITS

60

PRICE/UNIT

$92,500

CAP RATE

6%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

6

YEAR BUILT

1910

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.2 AC

LAND SF

8,712 SF

ZONING

C4-4

APN/PARCEL ID

2123-0026

ASK ABOUT THIS PROPERTY

Seth GlasserMarcus & MillichapMore Info
212-430-5136

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Seth GlasserMarcus & MillichapMore Info
212-430-5136

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.