3160 Webster Avenue

Highlights

• 60-unit Affordable Condominium containing nine (9) studios, 19 one-bedrooms, 22 two-bedrooms, and nine (9) three-bedroom units
• Approximately $5.12M worth of assumable financing at a 4.71% rate, expiring in 2049
• Approximately $5.275M worth of assumable financing at a 5.5% rate, expiring in November of 2025
• Benefits from a 420C tax exemption expiring in 2049
• Benefits from an ICAP tax abatement expiring in 2043
• Long-term medical tenant in place until 2038 with three (3), five (5) year renewal options
• Newly constructed Commercial Condominium spanning 10,000 usable square feet
• Newly constructed elevator building (2017) with 100 of frontage on Webster Avenue spanning 79,752 gross square feet
• NNN lease structure
• RESIDENTIAL GP INTEREST SALE:
• Situated in a prime Norwood location with a plethora of local and national retailers and restaurants RETAIL CONDO FEE SIMPLE SALE:

Location

Located at 3160 Webster Avenue, New York City, NY, this property is part of the Norwood neighborhood and Bronx market.