Multifamily
120 Haven Avenue
120 Haven Ave, New York, NY 10032
Listing Price: $5,500,000
Investment Overview
Marcus & Millichap is pleased to o?er the following opportunity in prime Washington Heights. 120 Haven Avenue is situated right o? Riverside Drive on the corner of Haven Avenue and 172nd Street. The building spans 25,755 square feet and comprises 35 residential units. This corner walk-up building has been owned and operated by the same family for over 26 years and shall consist of six one-bedroom, 25 two-bedroom, and four three-bedroom apartments. In addition, the property has two free-market apartments that were properly stabilized through Individual apartment improvements. This o?ers investors a unique opportunity to acquire a legacy asset in a highly desirable submarket of Upper Manhattan, with future rental upside from a $423,282 annual preferential rent delta between actual and DHCR-registered rents. 120 Haven Avenue is conveniently located a few steps from Jay Hood Wright Park, the George Washington Bridge, and the 175th Street A Train.
120 Haven Avenue
Investment Highlights
- 120 Haven Avenue built in 1920, is a 35-unit walk-up building and is comprised of six one-bedroom, 25 two-bedroom, and four three-bedroom apartments.
- 7.0% Cap Rate | 6.28x GRM | $157,143 Per Unit | $214 Per Sqft.
- 120 Haven Avenue is well located, close to Jay Hood Wright Park, the George Washington Bridge, and the 175th Street A Train.
Exclusively Listed By
Financing By
Listing Price: $5,500,000
Investment Highlights
- 120 Haven Avenue built in 1920, is a 35-unit walk-up building and is comprised of six one-bedroom, 25 two-bedroom, and four three-bedroom apartments.
- 7.0% Cap Rate | 6.28x GRM | $157,143 Per Unit | $214 Per Sqft.
- 120 Haven Avenue is well located, close to Jay Hood Wright Park, the George Washington Bridge, and the 175th Street A Train.
Investment Overview
Marcus & Millichap is pleased to o?er the following opportunity in prime Washington Heights. 120 Haven Avenue is situated right o? Riverside Drive on the corner of Haven Avenue and 172nd Street. The building spans 25,755 square feet and comprises 35 residential units. This corner walk-up building has been owned and operated by the same family for over 26 years and shall consist of six one-bedroom, 25 two-bedroom, and four three-bedroom apartments. In addition, the property has two free-market apartments that were properly stabilized through Individual apartment improvements. This o?ers investors a unique opportunity to acquire a legacy asset in a highly desirable submarket of Upper Manhattan, with future rental upside from a $423,282 annual preferential rent delta between actual and DHCR-registered rents. 120 Haven Avenue is conveniently located a few steps from Jay Hood Wright Park, the George Washington Bridge, and the 175th Street A Train.
Exclusively Listed By
Financing By
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