Multifamily
518 Fort Washington Avenue
518 Fort Washington Ave, New York, NY 10033
Listing Price: $4,800,000
Investment Overview
Marcus & Millichap is pleased to offer the following opportunity in Hudson Heights. 518 Fort Washington Avenue is situated in prime Washington Heights, right off 183rd Street and across the street from Bennett Park. The building spans 41,552 square feet and is composed of 48 residential units. This six
story elevator building has been owned and operated by the same family for over 55 years and is composed of 6 studio, 18 one-bed, and 24 two-bedroom apartments. This offers investors a unique opportunity to acquire a legacy asset in a highly desirable submarket of Upper Manhattan that contains 7 free market units destablized through IAI's. 518 Fort Washington Avenue is conveniently located a few steps from Bennett Park, The Broadway retail corridor, and the 181st Street A train.
518 Fort Washington Avenue
Investment Highlights
- 518 Fort Washing Avenue, built in 1925, is a 48-unit elevator building comprised of 6 studio, 18 one- bedroom, and 24 two-bedroom apartments.
- Lot: 100' x 110' FT | 15% Fair Market | Tax Class: 2
- 518 Fort Washington Avenue is conveniently located a few steps from Bennett Park, The Broadway retail corridor, and the 181st Street A train.
Exclusively Listed By
Financing By
Listing Price: $4,800,000
Investment Highlights
- 518 Fort Washing Avenue, built in 1925, is a 48-unit elevator building comprised of 6 studio, 18 one- bedroom, and 24 two-bedroom apartments.
- Lot: 100' x 110' FT | 15% Fair Market | Tax Class: 2
- 518 Fort Washington Avenue is conveniently located a few steps from Bennett Park, The Broadway retail corridor, and the 181st Street A train.
Investment Overview
Marcus & Millichap is pleased to offer the following opportunity in Hudson Heights. 518 Fort Washington Avenue is situated in prime Washington Heights, right off 183rd Street and across the street from Bennett Park. The building spans 41,552 square feet and is composed of 48 residential units. This six story elevator building has been owned and operated by the same family for over 55 years and is composed of 6 studio, 18 one-bed, and 24 two-bedroom apartments. This offers investors a unique opportunity to acquire a legacy asset in a highly desirable submarket of Upper Manhattan that contains 7 free market units destablized through IAI's. 518 Fort Washington Avenue is conveniently located a few steps from Bennett Park, The Broadway retail corridor, and the 181st Street A train.
Exclusively Listed By
Financing By
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