940 Saint Nicholas Avenue
Large Elevator Asset in Prime
Washington Heights, NYC
72 Units- 36% Free Market
Large Layout Configurations
Short Walk to Mass Transit
Surrounded by Retail Corridors
Property Description
GFI Realty Services is pleased to offer the exclusive opportunity to acquire 940 St. Nicholas Avenue, a 6-story elevator apartment building featuring 72 units totaling 88,170 square feet, located in Washington Heights, NYC. The property comprises 16 one-bedroom, 28 two-bedroom, 26 three-bedroom, and 1 four-bedroom units, with 26 free market units, 42 rent-stabilized, and 3 rent-controlled units. Located just half a block from High Bridge Park, it is surrounded by vibrant retail corridors and conveniently positioned two blocks from the A-C subway lines.
Key Property Information
| Listing Status: | Available |
|---|---|
| Price: | $13,375,000 |
| No. of Units: | 72 |
| Cap Rate: | 7.66% |
| GRM /GIM: | 4.6 |
| Year Built: | 1922 |
| Building Size: | 88,170 Sq ft |
| Lot Size: | 18,106.00 Acres |
| No. of Stories: | 5 |
| Opportunity Zone: | No |
| Price per unit: | $185,764 |
Unit mix
| Description | No. of Units | Sq ft. | Avg. Monthly Rent |
|---|
Additional contacts
| Full name | Phone number | Email address |
|---|---|---|
| Matthew Sparks | 2128374528 | [email protected] |
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