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Multifamily

192 Claremont Ave

192 Claremont Ave, New York, NY 10027

Listing Price: $5,200,000

Cap Rate
3.60%
Number of Units
21
Price/Unit
$247,619
Price/Gross SF
$309.71
Gross SF
16,790

Investment Overview

50’ wide, 21-unit walkup building on Claremont Avenue between Tiemann Place and La Salle Street 38% of the building has free market apartments –20% below market rents providing a purchaser with an immediate value add opportunity Two blocks south of Columbia University’s 6.8 million square foot state of the art campus Steps away from 125th Street & Broadway retail corridor Close proximity to the 1/A/B/C/D subway terminals, Riverside Park, City College & Manhattan Music School

Investment Highlights

  • 50' wide, 21-unit walkup building on Claremont Avenue between Tiemann Place and La Salle Street
  • 38% of the building has free market apartments –20% below market rents providing a purchaser with an immediate value add opportunity
  • Close proximity to the 1/A/B/C/D subway terminals, Riverside Park, City College & Manhattan Music School

Exclusively Listed By

  • Seth Glasser

    Licensed Associate Real Estate Broker

    (212) 430-5136

    Email Seth

    License(s): NY: 10301209629

    Manhattan

  • Joe Koicim

    Licensed Associate Real Estate Broker

    (212) 430-5147

    Email Joe

    License(s): NY: 10311201039, NY: 10301208718

    Manhattan

Financing By

Multifamily

192 Claremont Ave

Listing Price: $5,200,000

Cap Rate
3.60%
Number of Units
21
Price/Unit
$247,619
Price/Gross SF
$309.71
Gross SF
16,790

Investment Highlights

  • 50' wide, 21-unit walkup building on Claremont Avenue between Tiemann Place and La Salle Street
  • 38% of the building has free market apartments –20% below market rents providing a purchaser with an immediate value add opportunity
  • Close proximity to the 1/A/B/C/D subway terminals, Riverside Park, City College & Manhattan Music School

Investment Overview

50’ wide, 21-unit walkup building on Claremont Avenue between Tiemann Place and La Salle Street 38% of the building has free market apartments –20% below market rents providing a purchaser with an immediate value add opportunity Two blocks south of Columbia University’s 6.8 million square foot state of the art campus Steps away from 125th Street & Broadway retail corridor Close proximity to the 1/A/B/C/D subway terminals, Riverside Park, City College & Manhattan Music School

Exclusively Listed By

  • Seth Glasser

    Licensed Associate Real Estate Broker

    (212) 430-5136

    Email Seth

    License(s): NY: 10301209629

    Manhattan

  • Joe Koicim

    Licensed Associate Real Estate Broker

    (212) 430-5147

    Email Joe

    License(s): NY: 10311201039, NY: 10301208718

    Manhattan

Financing By

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