519 West 173rd Street

About this property

Executive Summary (Highlights are below)
519 West 173rd street is a 7 unit brick building that is being offered for sale for the first time in 70
years. The multifamily property has a mix of renovated and unrenovated units. It is well maintained, with very few violations. It will make an excellent addition to an existing portfolio in Upper Manhattan, as well as a good starter investment property for those seeking to make their first purchase. The property has 1 vacant unit which presents the opportunity for a new owner to live in the property while also managing it!

Highlights :
4 city blocks from the 168th street C train. 5 city blocks from Columbia University Hospital & New
York Presbyterian

The vacant unit on the 3rd floor allows for an investor to live in the property, while collecting income from all 6 other apartments

Legal rents are in line with current market rents in the area, which presents new ownership the
opportunity to see upside as tenant turnover gradually happens

Rent payments have been at 100% throughout the pandemic, since March of 2020

Please reach out to me on our company’s website!

Listing Courtesy of Romain Sinclair