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2560 Broadway
New York, NY 10025
The Ancott · Multifamily Property For Sale
·
31 Units
Investment Highlights
- Favorable Ground Lease Terms
- Zoning: R10A / C4-6 Allowing
- Maximum Development Potential
- Proposed Development Program
Executive Summary
Avison Young has been exclusively engaged to offer for sale the leasehold interest and air rights owned in fee at 2560 Broadway (the “Property”), a premier redevelopment opportunity located at the North-East intersection of Broadway and West 96th Street in Manhattan’s Upper West Side. This unique offering includes a 150-year ground lease that commenced in 2017 under highly favorable terms, featuring low scheduled rent increases every five years and no fair market value resets, along with significant air rights that provide exceptional development flexibility and upside. The air rights will be conveyed in fee and not subject to the ground lease, enabling condominium development.
Property Facts
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 4 | - | - |
| 1+1 | 27 | - | - |
Property Taxes
| Parcel Number | 1868-0020 | Improvements Assessment | $11,405,523 CAD |
| Land Assessment | $1,757,099 CAD | Total Assessment | $13,162,621 CAD |
Property Taxes
Parcel Number
1868-0020
Land Assessment
$1,757,099 CAD
Improvements Assessment
$11,405,523 CAD
Total Assessment
$13,162,621 CAD
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