616 W 207th St - Apartments FOR SALE


New York, NY 10034- Inwood
$16,000,000 USD
201-966-5918
616 W 207th St, New York, NY for Sale
$16,000,000 USD
Apartments - FOR SALE
1/7
null | 6.89% Cap Rate

616 W 207th St
New York, NY 10034
Inwood


HIGHLIGHTS

  • Area presents value-growth potential, as a mixed-use asset with strong visibility and neighborhood retail demand
  • Strong Cash-Flow | Approximately $1.8 million in gross annual revenue
  • Retail Visibility | 10 units of ground-floor, corner retail with wide street frontage, with dense surrounding residential demand
  • Efficient 59 unit mixed-use, majority free-market asset, offering scale and diversified income streams
  • Transit-Oriented, High-Barrier Location Corner of 207th Street with access to the A / 1 subway

OVERVIEW

RIPCO Real Estate has been retained on an exclusive basis to arrange for the sale of 4925-4935 Broadway, Manhattan, NY . The Property is a mixed-use investment property located along the Broadway corridor in Upper Manhattan, benefiting from strong visibility, dense foot traffic, and immediate access to public transportation. The property consists of approximately 48,217 square feet, including 39,717 square feet of residential space and 8,500 square feet of ground floor commercial frontage. The residential component features a diverse unit mix across free market, rent stabilized, and rent controlled units, providing both durable in-place income and long term upside through vacancy turnover and rent growth. Unit layouts consist of 1studio, 21 one-bedrooms, 19 two-bedrooms, and 8 three-bedroom units. Of this mix, 22% are rent regulated, with a building wide average rent of $1,575.

FOR SALE DETAILS

PRICE

$16,000,000 USD

PRICE/SF

$332 USD /SF

# OF UNITS

59

PRICE/UNIT

$271,186

CAP RATE

6.89%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

4925-4935 Broadway

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

5

YEAR BUILT

1925

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.29 AC

LAND SF

12,632 SF

ZONING

R7-2, New York, (C7)

APN/PARCEL ID

2241-0024

ASK ABOUT THIS PROPERTY

Brian WhelanRIPCO Real EstateMore Info
201-966-5918

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Brian WhelanRIPCO Real EstateMore Info
201-966-5918

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