Nestled in the heart of Hudson Heights, 579 Fort Washington Avenue presents a rare opportunity to acquire a 62-unit multifamily asset in one of Manhattan’s most vibrant and transit-rich neighborhoods. This pre-war, six-story walk-up spans 46,550 square feet and sits on a 12,500 SF lot with favorable zoning (R7-2/C1-4), offering 3,450 SF of unused air rights and a total buildable area of 50,000 SF. The property features predominantly one-bedroom units, with a favorable spread between legal and preferential rents, providing upside potential for investors. Recent capital improvements include a full facade pointing and a conversion from oil to gas, enhancing operational efficiency and long-term value. With collections consistently exceeding 95%, the building demonstrates strong tenant stability and income reliability. Located just two blocks from the A subway line, residents enjoy seamless access to Midtown Manhattan, while the surrounding area offers walkable streets, lush green spaces like Bennett Park and Fort Washington Park, and proximity to top-tier institutions such as Yeshiva University and Columbia’s Mailman School of Public Health. The neighborhood’s high Walk Score of 86 and perfect Transit Score of 100 underscore its desirability for renters seeking convenience and connectivity. This asset generates a potential gross annual income of $1.1M, with a net operating income of $508K and a competitive cap rate of 6.35%. With a price per unit of $129,032 and a price per square foot of $172, 579 Fort Washington Avenue is a compelling investment in a high-demand submarket with long-term growth prospects.