Mixed-Use
550 & 556 West 180th Street
550 W 180th St, New York, NY 10033
Listing Price: $5,230,000
Investment Overview
Marcus & Millichap is pleased to present 550 and 556 West 180th Street. Ideally positioned on the corner of Audubon Avenue and West180th Street, these two contiguous walk-ups comprise 61 apartments and 1 retail unit.With 175’ of total frontage, this opportunity offers investors the chance to acquire meticulously maintained assets in a highly desirableUpper Manhattan submarket, with future rental upside driven by a $187,000 annual preferential rent delta between actual and legalrents.Owned and operated by the same group for over 20 years, 550 & 556 West 180th Street consist of 2 studio, 19 one-bedroom, 22 twobedroom, and 18 three-bedroom apartments, along with 1 ground floor retail unit currently occupied by a dental clinic. These assets areideally located near Yeshiva University, the George Washington Bridge, the West 181 Street retail corridor, and the 181 Street trainstation.
550 & 556 West 180th Street
Investment Highlights
- 550 & 556 West 180th Street span 68,000 square feet and consist of 2 studio, 19 one-bedroom, 22 two-bedroom, and 18 three-bedroom apartments, along with 1 ground floor retail unit.
- 8.1% Cap Rate | 4.7x GRM | $99 Per Sqft | $84,355 Per Unit
- 550 and 556 West 180th Street are ideally located near Yeshiva University, the George Washington Bridge, the West 181 Street retail corridor, and the 181 Street train station.
Listing Price: $5,230,000
Investment Highlights
- 550 & 556 West 180th Street span 68,000 square feet and consist of 2 studio, 19 one-bedroom, 22 two-bedroom, and 18 three-bedroom apartments, along with 1 ground floor retail unit.
- 8.1% Cap Rate | 4.7x GRM | $99 Per Sqft | $84,355 Per Unit
- 550 and 556 West 180th Street are ideally located near Yeshiva University, the George Washington Bridge, the West 181 Street retail corridor, and the 181 Street train station.
Investment Overview
Marcus & Millichap is pleased to present 550 and 556 West 180th Street. Ideally positioned on the corner of Audubon Avenue and West180th Street, these two contiguous walk-ups comprise 61 apartments and 1 retail unit.With 175’ of total frontage, this opportunity offers investors the chance to acquire meticulously maintained assets in a highly desirableUpper Manhattan submarket, with future rental upside driven by a $187,000 annual preferential rent delta between actual and legalrents.Owned and operated by the same group for over 20 years, 550 & 556 West 180th Street consist of 2 studio, 19 one-bedroom, 22 twobedroom, and 18 three-bedroom apartments, along with 1 ground floor retail unit currently occupied by a dental clinic. These assets areideally located near Yeshiva University, the George Washington Bridge, the West 181 Street retail corridor, and the 181 Street trainstation.
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