867 Riverside Dr

About this property

Fantastic opportunity to own an 7-unit Townhouse, in the heart of Washington Heights, in Manhattan!

(More photos coming soon)

With a 5.5% Cap rate, a penthouse studio with a private (and huge) finished Roof Deck, a private courtyard for the first floor, and HUGE bay windows across floors, we are pleased to offer 867 Riverside Drive for the first time in nearly 20 years.

The configuration is currently set to the following:

Lower Level – 1 Bedroom (can be made legal)

1st Floor – 2 Bedroom with private courtyard

2nd Floor – 2 Bedroom

3rd Floor – 2 Studio’s

4th Floor – 1 Bedroom and a studio

5th Floor – Studio penthouse with Roof Deck

All apartments are Free Market.

Taxes are just over $1,200 monthly, and the total monthly expenses (for the owner) are under $1,500!!

All of the apartments, apart from 2 which were just renovated and listed for rent, are occupied and all units are Free-Market.

Asking $3.2M, this is an excellent opportunity for both new and experienced Real Estate investors.

The building is 26×45 and has an unused FAR of 4,860.

Don’t hesitate to reach out!

The Royal Team

Listing Courtesy of Elliott Sudwarts, Emilia Sadowska