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4925-4935 Broadway 616 W 207th St 59 Unit Apartment Building $21,913,919 CAD ($371,422 CAD/Unit) 6.89% Cap Rate New York, NY 10034
Investment Highlights
- Area presents value-growth potential, as a mixed-use asset with strong visibility and neighborhood retail demand
- Retail Visibility | 10 units of ground-floor, corner retail with wide street frontage, with dense surrounding residential demand
- Transit-Oriented, High-Barrier Location Corner of 207th Street with access to the A / 1 subway
- Strong Cash-Flow | Approximately $1.8 million in gross annual revenue
- Efficient 59 unit mixed-use, majority free-market asset, offering scale and diversified income streams
Executive Summary
RIPCO Real Estate has been retained on an exclusive basis to arrange for
the sale of 4925-4935 Broadway, Manhattan, NY . The Property is a mixed-use investment property located along the Broadway corridor in Upper Manhattan, benefiting from strong visibility, dense foot traffic, and immediate access to public transportation. The property consists of approximately 48,217 square feet, including 39,717 square feet of residential space and 8,500 square feet of ground floor commercial frontage. The residential component features a diverse unit mix across free market, rent stabilized, and rent controlled units, providing both durable in-place income and long term upside through vacancy turnover and rent growth. Unit layouts consist of 1studio, 21 one-bedrooms, 19 two-bedrooms, and 8 three-bedroom units. Of this mix, 22% are rent regulated, with a building wide average rent of $1,575.
the sale of 4925-4935 Broadway, Manhattan, NY . The Property is a mixed-use investment property located along the Broadway corridor in Upper Manhattan, benefiting from strong visibility, dense foot traffic, and immediate access to public transportation. The property consists of approximately 48,217 square feet, including 39,717 square feet of residential space and 8,500 square feet of ground floor commercial frontage. The residential component features a diverse unit mix across free market, rent stabilized, and rent controlled units, providing both durable in-place income and long term upside through vacancy turnover and rent growth. Unit layouts consist of 1studio, 21 one-bedrooms, 19 two-bedrooms, and 8 three-bedroom units. Of this mix, 22% are rent regulated, with a building wide average rent of $1,575.
Property Facts
| Price | $21,913,919 CAD | Apartment Style | Mid-Rise |
| Price Per Unit | $371,422 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.29 AC |
| Cap Rate | 6.89% | Building Size | 48,217 SF |
| No. Units | 59 | No. Stories | 5 |
| Property Type | Multifamily | Year Built | 1925 |
| Property Subtype | Apartment | ||
| Zoning | R7-2, New York, (C7) - R7 Zoning is considered medium density residential. It is broken into 2 basic zoning districts R7-1 and R7-2. | ||
| Price | $21,913,919 CAD |
| Price Per Unit | $371,422 CAD |
| Sale Type | Investment |
| Cap Rate | 6.89% |
| No. Units | 59 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | C |
| Lot Size | 0.29 AC |
| Building Size | 48,217 SF |
| No. Stories | 5 |
| Year Built | 1925 |
| Zoning | R7-2, New York, (C7) - R7 Zoning is considered medium density residential. It is broken into 2 basic zoning districts R7-1 and R7-2. |
Amenities
Unit Amenities
- Air Conditioning
- Heating
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
Site Amenities
- Controlled Access
- Tenant Controlled HVAC
- Recycling
- Smoke Free
- Vintage Building
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 1 | - | - |
1 1
Walk Score®
Walker's Paradise (98)
Transit Score®
Rider's Paradise (98)
Bike Score®
Very Bikeable (75)
Property Taxes
| Parcel Number | 2241-0024 | Improvements Assessment | $4,661,200 CAD |
| Land Assessment | $324,189 CAD | Total Assessment | $4,985,389 CAD |
Property Taxes
Parcel Number
2241-0024
Land Assessment
$324,189 CAD
Improvements Assessment
$4,661,200 CAD
Total Assessment
$4,985,389 CAD
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4925-4935 Broadway | 616 W 207th St
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