515 W 170th St - Apartments FOR SALE


New York, NY 10032- Washington Heights
$3,690,000 USD
212-430-5136
515 W 170th St, New York, NY for Sale
$3,690,000 USD
Apartments - FOR SALE
1/29
null | 7.66% Cap Rate

515 W 170th St
New York, NY 10032
Washington Heights


OVERVIEW

Marcus & Millichap presents 515 West 170th Street, a well-maintained walk-up in Washington Heights with 35 apartments, including 12 one-bedroom, 18 twobedroom, and 5 three-bedroom units. 10 of these units are deregulated, offering an average rent of $2,238, with strong upside potential. The property spans 29,250 square feet and is ideally located near key amenities like New York- Presbyterian, Columbia University Medical Center, Audubon Playground, and the 168th Street A & C train. This building has been maintained by the same family for nearly 25 years, offering both immediate and long-term investment opportunities. • Free Market Component: 29% of apartments in this asset have been destabilized through IAI’s providing investors with both immediate and longterm upside. The 10 free market units have an average monthly rent of $2,238. • The Metrics: 5.1x GRM | $105,429 per Unit | $126 per Square Foot • Prime Location: 515 West 170th Street is conveniently located near New York-Presbyterian / Columbia University Medical Center, Audubon Playground, P.S. 513 Castle Bridge School, and the 168th Street A & C train.

FOR SALE DETAILS

PRICE

$3,690,000 USD

PRICE/SF

$126 USD /SF

# OF UNITS

35

PRICE/UNIT

$105,429

CAP RATE

7.66%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

6

YEAR BUILT

1917

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.15 AC

LAND SF

6,534 SF

ZONING

R7-2

APN/PARCEL ID

2127-0058

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.