Investment Overview

THE OFFERING Marcus & Millichap is pleased to offer the following opportunity located in the prime Washington Heights section of Upper Manhattan. 3750 Broadway is a meticulously maintained elevator building featuring a prominent retail component in a very lively neighborhood. Situated on the corner of Broadway and West 156th Street, this 39-unit property encompasses 41,163 square feet with 98 feet of frontage. 3750 Broadway is just steps away from Columbia Presbyterian Medical Center, The Hispanic Society Museum, and the 157th & 163rd Street subway stations. THE OPPORTUNITY The Building: Professionally owned & operated, 3750 Broadway spans 41,163 square feet and is a corner, 39 unit, mixed use elevator building in prime Washington Heights. Favorable Unit Mix: 3750 Broadway is composed of, 2 one-bedroom, 3 two-bedroom, 17 three-bedroom, 10 four-bedroom, 4 five-bedroom apartments with 4 ground floor retail spaces. The Metrics: Asking 8.1 GRM l 6.3% cap rate l $180psf Value Add: 3 Free Market and 2 Rent Controlled units allow an investor to capture upside upon turnover. Vacant retail on the ground floor presents an additional opportunity for immediate revenue generation. Convenient Location: 3750 Broadway is just steps away from Columbia Presbyterian Medical Center and the 157th & 163rd Street subway stations. The Broadway retail corridor has consistent foot traffic and nationally recognized tenants, allowing for immediate cash flow or eventual upgrades to the units.