580 Saint Nicholas Ave - Apartments FOR SALE
New York, NY 10030 |
580 Saint Nicholas Ave
New York, NY 10030
HIGHLIGHTS
- The Building: 94-Unit elevator building built in 1914 spanning 60,078 square feet on the western edge of the historic strivers row
- Value-Add: With 36% of the building Free Market and $127,276 in annual preferential rents, investors can capitalize on rent growth north of 15% upon u
- The Metrics: 6.9 GRM or 6.8% Cap rate. Upon increased rent growth, investors can expect recognize a significant increase on yield nearing a 7% cap rat
- Zero Deferred Maintenance: This meticulously maintained building has gone through extensive upgrades during the tenure of ownership which mitigates in
- Prime Location: With the convenience of being on Saint Nicholas Avenue, the 145th Street & Lenox Avenue retail strips are just steps away. Approximate
FOR SALE DETAILS
PRICE
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# OF UNITS
-
CAP RATE
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% LEASED
-
BUILDING DETAILS
PROPERTY TYPE
Multi-Family
APARTMENT STYLE
Mid-Rise
PROPERTY SUBTYPE
Apartments
TOTAL BUILDING SIZE
60078
STORIES
6
YEAR BUILT
1914
PARKING SPACES
-
LAND DETAILS
LAND ACRES
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LAND SF
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ZONING
-
APN/PARCEL ID
2048-0021
