565 West 173rd Street

Own a Washington Heights, Manhattan walkup building consisting of sixteen residential apartments. The subject property sits in an Opportunity Zone and consists of two 2-bedroom six 3-bedroom and eight 4-bedroom apartments. It is located on the north side of West 173rd Street between St. Nicholas Avenue and Audubon Avenue.

Seven free market units, low average rents, high legal rents, great layouts (with two, three and four bedrooms) plus proximity to Columbia/Presbyterian create a sustainable, long term, value-add opportunity.

Some features include: original detail tile floors; marble lobby; steel and glass doors; a steel and marble stairwell; a dual fuel heating system running full time on gas; a 1,080 gallon above ground oil tank; circuit breakers in the basement plus most apartments and gas meters upgraded for remote digital reading.

Residents may be employed by Columbia/Presbyterian (a 5 minute walk to the subject property) or they may enjoy a 30 minute commute to midtown Manhattan via the MTA's West 168st Street #1, A & C train station located a short walk away just south of the Broadway and St. Nicholas Avenue intersection.