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925 Columbus Ave
New York, NY 10025
Multifamily Property For Sale
·
16 Units
Investment Highlights
- Five-story mixed-use building with 16 apartments and ground-floor retail.
- Zoning allows second-floor conversion to commercial use.
- Two blocks from A, B, and C subway lines for easy access.
- Eight vacant units offer immediate value-add potential.
- Located in Manhattan’s Upper West Side near Central Park.
- Long-term retail tenant in place since the 1920s.
Executive Summary
A 25’ wide 16 unit five (5) story mixed-use walkup apartment building. The property has a store on the first floor. The upper floors each has four studio apartments per floor. The apartments are rent stabilized, 8 of the units are vacant. The Liquor store has been there since the 1920’s.
The units have a full kitchen and bathroom a eating/living area. They are individually metered for gas and electric. The meters are in the basement along with the oil boiler and water heater.
The property is a prime investment opportunity, because it has stable cash flow. The vacant apartments can be renovated to have their own boiler and water heaters. There’s also the potential to duplex or combine the vacant units to get more value.
The building is also a great user opportunity, the zoning allows the second floor to be converted into commercial space. One of the vacant units can be turned into an office and the new owner can live in the other vacant unit.
Located in the Upper West Side, Manhattan Valley has nice tree line streets, and fine restaurants and retail stores. The property is two blocks from the A, B and C
trains on West 103rd Street and Central Park West. This allows travel throughout the city.
The units have a full kitchen and bathroom a eating/living area. They are individually metered for gas and electric. The meters are in the basement along with the oil boiler and water heater.
The property is a prime investment opportunity, because it has stable cash flow. The vacant apartments can be renovated to have their own boiler and water heaters. There’s also the potential to duplex or combine the vacant units to get more value.
The building is also a great user opportunity, the zoning allows the second floor to be converted into commercial space. One of the vacant units can be turned into an office and the new owner can live in the other vacant unit.
Located in the Upper West Side, Manhattan Valley has nice tree line streets, and fine restaurants and retail stores. The property is two blocks from the A, B and C
trains on West 103rd Street and Central Park West. This allows travel throughout the city.
Property Facts
| Price Per Unit | $301,829 CAD | Apartment Style | Mid-Rise |
| Sale Type | Investment | Building Class | C |
| Cap Rate | 1.52% | Lot Size | 0.06 AC |
| Sale Condition | High Vacancy Property | Building Size | 9,635 SF |
| No. Units | 16 | No. Stories | 5 |
| Property Type | Multifamily | Year Built | 1920 |
| Property Subtype | Apartment | ||
| Zoning | R8B , C1-5 - High density residential with a commercial overlay | ||
| Price Per Unit | $301,829 CAD |
| Sale Type | Investment |
| Cap Rate | 1.52% |
| Sale Condition | High Vacancy Property |
| No. Units | 16 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | C |
| Lot Size | 0.06 AC |
| Building Size | 9,635 SF |
| No. Stories | 5 |
| Year Built | 1920 |
| Zoning | R8B , C1-5 - High density residential with a commercial overlay |
Amenities
Unit Amenities
- Air Conditioning
- Heating
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
Site Amenities
- Controlled Access
- Tenant Controlled HVAC
- Recycling
- Smoke Free
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 16 | - | - |
Property Taxes
| Parcel Number | 1841-0003 | Improvements Assessment | $1,032,690 CAD |
| Land Assessment | $201,794 CAD | Total Assessment | $1,234,484 CAD |
Property Taxes
Parcel Number
1841-0003
Land Assessment
$201,794 CAD
Improvements Assessment
$1,032,690 CAD
Total Assessment
$1,234,484 CAD
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