502-386-6959
284 Manhattan Blvd, Dayton, KY for Sale
Apartments - FOR SALE
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284 Manhattan Blvd
Dayton, KY 41074


HIGHLIGHTS

  • Luxury Class A Community with Best-In-Class Finishes & Amenities
  • Significant Organic Upside In Highly Desirable Northern Kentucky Submarket
  • Irreplaceable Location With Superior Submarket Fundamentals

OVERVIEW

Northmarq is pleased to present The Gateway Flats at Manhattan Harbour, a unique opportunity to acquire an 76-unit luxury community located in dynamic Dayton, KY (Cincinnati, OH MSA). Steps away from the Ohio River with inspiring views of Downtown Cincinnati, Gateway Flats is one of Northern Kentucky’s most upscale suburban multifamily communities with a balanced mix of 1- and 2-bed floorplans, best-in-class finishes, coupled with an unrivaled amenities package – including a rooftop terrace, fitness center, secured garage parking, tenant lounge, grilling stations, fire pit, co-working space and more.  Built in 2020, Gateway Flats has been owned / operated by the original developer. Built in 2020, Gateway Flats has been owned / operated by the original developer offering immense operational upside by bringing rent levels in-line with the top competitors in the area. Asset is located within 3 miles of Cincinnati’s CBD with over 160,000 jobs including 8 Fortune 500 companies and well-positioned for new ownership to streamline operations and realize immediate revenue growth. Each unit showcases high-end interior finishes including wood-look flooring, quartz countertops, open concept layouts, in-unit washer/dryer, and private balconies / river views in select units.  Gateway Flats is ideally situated within 1 mile of I-471, offering seamless transportation to both Downtown Cincinnati and Northern Kentucky. The asset benefits from excellent visibility and provides direct access to Northern Kentucky and Cincinnati’s top-rated schools, premier retailers, major employers, entertainment venues and key economic drivers. Gateway Flats benefits from the supply-constrained submarket with no units under construction, while achieving 3.45% year-over-year rent growth, 96.1% occupancy and is an A rated suburb – positioning the asset for durable long-term performance.

FOR SALE DETAILS

PRICE

Request Info for Price

# OF UNITS

76

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

The Gateway Flats at Manhattan Harbour

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

4

YEAR BUILT

2020

PARKING SPACES

-

LAND DETAILS

LAND ACRES

2.17 AC

LAND SF

94,525 SF

ZONING

-

APN/PARCEL ID

999-99-33-462.58

ASK ABOUT THIS PROPERTY

Bobby SchiavoneNorthmarqMore Info
502-386-6959

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Bobby SchiavoneNorthmarqMore Info
502-386-6959

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