Investment Overview

THE OFFERING Marcus & Millichap is pleased to exclusively offer the sale of 350 Audubon Avenue, located in Washington Heights between West 182nd and West 183rd Street. With 102 feet of frontage on Audubon Avenue, this property is composed of 15 residential apartments and spans 11,205 square feet. Being a short walk to the West 181st Street 1/A subway lines, 350 Audubon Avenue is 47% Free Market and offers an attractive unit mix of 5 two-bedroom, 4 three-bedroom, 5 four-bedroom & 1 five-bedroom apartments. THE OPPORTUNITY Opportunity: 15-unit walkup building spanning 11,205 square feet with 102 feet of frontage on Audubon Avenue. Unit Mix: There are 5 two-bedroom, 4 three-bedroom, 5 four-bedroom and 1 five-bedroom apartments. This asset is approximately 47% Free Market with 7 Free Market units and 8 rent stabilized units. Value Add Opportunity: 47% of the apartments are free market with rents below market which provides investors the opportunity to take advantage of units unencumbered by rent stabilization and maximize rents upon lease expiration. Location & Transportation: Located between West 182nd Street and West 183rd Street, this opportunity is in immediate proximity to Yeshiva University Wilf Campus, Public school 132, Highbridge Park & are a short walk to the 181st street 1 & A subway stations.