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550-552 West 174th Street 550 W 174th St 49 Unit Apartment Building $5,406,483 CAD ($110,336 CAD/Unit) 8.59% Cap Rate New York, NY 10033

Apartment Buildings New York New York 550 W 174th St, New York, NY 10033

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Investment Highlights

  • he favorable R7-2 zoning with a C1-4 commercial overlay allows for residential and local retail development, enabling flexibility
  • 550-552 West 174th Street is ideally located in the heart of Washington Heights, allowing developers to benefit from the neighborhood’s strong anchors
  • Fully Occupied
  • Located just minutes from New York-Presbyterian Hospital and Columbia University Medical Center

Executive Summary

PRIME CORNER INVESTMENT PROPERTY!
45 RESIDENTIAL UNITS / 4 PERFORMING RETAIL UNITS. SUPER CLEAN & VERY WELL MAINTAINED, HANDOME FACADE. STABILIZED INCOME. MOTIVATED SELLER.

Attachments

550-552 West 174th St-compressed 3.4

Property Facts

Price $5,406,483 CAD Apartment Style Mid-Rise
Price Per Unit $110,336 CAD Building Class C
Sale Type Investment Lot Size 0.23 AC
Cap Rate 8.59% Building Size 36,720 SF
Sale Conditions
Distress Sale
  • Bulk/Portfolio Sale
 Average Occupancy 100%
No. Units 49 No. Stories 6
Property Type Multifamily Year Built 1950
Property Subtype
Apartment
  • General Retail Storefront Retail/Residential
 Opportunity Zone Yes
State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Zoning R7-2
Price $5,406,483 CAD
Price Per Unit $110,336 CAD
Sale Type Investment
Cap Rate 8.59%
Sale Conditions
Distress Sale
  • Bulk/Portfolio Sale
No. Units 49
Property Type Multifamily
Property Subtype
Apartment
  • General Retail Storefront Retail/Residential
Apartment Style Mid-Rise
Building Class C
Lot Size 0.23 AC
Building Size 36,720 SF
Average Occupancy 100%
No. Stories 6
Year Built 1950
Opportunity Zone Yes
State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Zoning R7-2

Amenities

Unit Amenities

  • Kitchen
  • Refrigerator
  • Oven

Site Amenities

  • Laundry Facilities

Unit Mix Information

Description No. Units Avg. Rent/Mo SF
1+1 5 - -
2+1 21 - -
3+1 18 - -
4+1 1 - -
1 1
Walk Score®
Walker's Paradise (97)
Transit Score®
Rider's Paradise (100)
Bike Score®
Very Bikeable (79)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®
Learn How It Works Detailed Scores

Property Taxes

Parcel Number 2130-0017 Improvements Assessment $1,261,546 CAD
Land Assessment $254,155 CAD Total Assessment $1,515,702 CAD

Property Taxes

Parcel Number
2130-0017
Land Assessment
$254,155 CAD
Improvements Assessment
$1,261,546 CAD
Total Assessment
$1,515,702 CAD
(516) 754-8298

Still interested?

Contact the brokers for more information about this property

Contacts

  • Listing ID: 36577837

  • Date on Market: 2025-07-02

  • Last Updated:

  • Address: 550 W 174th St, New York, NY 10033

The Washington Heights Multifamily Property at 550 W 174th St, New York, NY 10033 is currently available. Contact BKREA for more information.

MULTIFAMILY PROPERTIES IN NEARBY NEIGHBORHOODS

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550-552 West 174th Street | 550 W 174th St
(516) 754-8298 x

550-552 West 174th Street | 550 W 174th St

Tom Brady
(516) 754-8298

Bob Knakal
(917) 509-9501

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