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
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Listing Courtesy of Romain Sinclair
Real Estate Taxes
19’ x 100’ (52' deep)
Private Outdoor Space
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