Multifamily
26 Fort Charles Place
26 Fort Charles Place, New York, NY 10463
Listing Price: $3,000,000
Investment Overview
Marcus and Millichap is pleased to present the following opportunity in Marble Hill. Located between W 225th & 227th Street, 26 Fort Charles Place is a fully free-market, 20-unit walk-up.
This asset presents investors with the opportunity to deploy a value add business plan by turning units and increasing rents through Section 8 subsidy standards. The building was gut rehabbed in the 1980s and received a 34 year J51 tax abatement. Upon expiration of the abatement and turn-over the units became unencumbered by rent stabilization. Gas piping was also replaced and approved by DOB in 2018.
26 Fort Charles is ideally located just steps away from The Shops at Marble Hill, the Broadway retail corridor, Inwood Hill Park, and the Marble Hill / 225th Street train station.
26 Fort Charles Place
Investment Highlights
- 26 Fort Charles comprises 20 units and is composed of 20 1-bedroom apartments. spaning 13,674 square feet.
- 100 % Free Market | Tax Class: 2 | Zoning: R5
- 26 Fort Charles is conveniently located near the Marble Hill / 225th Street train station, the shops at Marble Hill, the Broadway retail corridor, and Inwood Hill Park.
Listing Price: $3,000,000
Investment Highlights
- 26 Fort Charles comprises 20 units and is composed of 20 1-bedroom apartments. spaning 13,674 square feet.
- 100 % Free Market | Tax Class: 2 | Zoning: R5
- 26 Fort Charles is conveniently located near the Marble Hill / 225th Street train station, the shops at Marble Hill, the Broadway retail corridor, and Inwood Hill Park.
Investment Overview
Marcus and Millichap is pleased to present the following opportunity in Marble Hill. Located between W 225th & 227th Street, 26 Fort Charles Place is a fully free-market, 20-unit walk-up. This asset presents investors with the opportunity to deploy a value add business plan by turning units and increasing rents through Section 8 subsidy standards. The building was gut rehabbed in the 1980s and received a 34 year J51 tax abatement. Upon expiration of the abatement and turn-over the units became unencumbered by rent stabilization. Gas piping was also replaced and approved by DOB in 2018. 26 Fort Charles is ideally located just steps away from The Shops at Marble Hill, the Broadway retail corridor, Inwood Hill Park, and the Marble Hill / 225th Street train station.
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