917-362-1485
, New York, NY for Sale
Multi-Family - FOR SALE
1/12
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Morningside Park Portflio
New York, NY
Central Harlem


HIGHLIGHTS

  • Prime Morningside Heights Location
  • Management Efficiencies
  • Diverse Unit Mix with Stability & Upside
  • Near-Term Rent Upside at 320 Manhattan Avenue
  • Attractive Seller Financing
  • Renovated, Well-Maintained Building

OVERVIEW

Avison Young, as exclusive agent, is pleased to offer for sale The Morningside Park Portfolio (“the Portfolio”), a rare opportunity to acquire three exceptionally located and well-maintained multifamily assets – 312 West 114th Street, 320 Manhattan Avenue and 350 Manhattan Avenue - positioned just one block apart in the heart of Manhattan Valley. Located just steps from Morningside Park, Central Park and Columbia University, the assets contain a combined 130 residential units, approximately 55% of which are rent regulated, providing investors with a balanced mix of in-place stability and long- term upside. As an added benefit, the seller is offering highly attractive seller financing at 90% LTV and a 4% interest rate for five years, significantly enhancing buyer leverage and reducing cost of capital, and generating a year one cash-on-cash return of 24.17%

ASK ABOUT THIS PROPERTY

James NelsonAvison YoungMore Info
917-362-1485

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James NelsonAvison YoungMore Info
917-362-1485

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