Log In/Sign Up
Your email has been sent.
Morningside Park Portflio 3 Multifamily Properties in New York, NY
Investment Highlights
- Prime Morningside Heights Location
- Diverse Unit Mix with Stability & Upside
- Attractive Seller Financing
- Management Efficiencies
- Near-Term Rent Upside at 320 Manhattan Avenue
- Renovated, Well-Maintained Building
Executive Summary
Avison Young, as exclusive agent, is pleased to offer for sale The Morningside Park Portfolio (“the Portfolio”), a rare opportunity to acquire three exceptionally located and well-maintained multifamily assets – 312 West 114th Street, 320 Manhattan Avenue and 350 Manhattan Avenue - positioned just one block apart in the heart of Manhattan Valley. Located just steps from Morningside Park, Central Park and Columbia University, the assets contain a combined 130 residential units, approximately 55% of which are rent regulated, providing investors with a balanced mix of in-place stability and long- term upside. As an added benefit, the seller is offering highly attractive seller financing at 90% LTV and a 4% interest rate for five years, significantly enhancing buyer leverage and reducing cost of capital, and generating a year one cash-on-cash return of 24.17%
Data Room Click Here to Access
Property Facts
| Sale Type | Investment | Individually For Sale | 0 |
| Status | Active | Total Building Size | 112,852 SF |
| Number of Properties | 3 | Total Land Area | 0.58 AC |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 3 |
| Individually For Sale | 0 |
| Total Building Size | 112,852 SF |
| Total Land Area | 0.58 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
| 346-354 Manhattan Ave, New York, NY 10026 | Multifamily | 47,730 SF | 1927 | - |
| 320 Manhattan Ave, New York, NY 10026 | Multifamily | 44,622 SF | 1920 | - |
| 312 W 114th St, New York, NY 10026 | Multifamily | 20,500 SF | 1900 | - |
1 1
1 of 13
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
1 of 1
Presented by
Morningside Park Portflio
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.