963 Columbus Avenue

For Sale$14,200,000

963 Columbus Avenue, New York, NY 10025

  • Multi-Family

963 Columbus Avenue, New York, NY 10025 - Multi-Family Space

963 Columbus Avenue is located at 963 Columbus Avenue in the Manhattan Valley neighborhood, NY, New York, 10025. The Multi-Family building features a total of 9,426 Sqft.

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Details

  • Sale Price $14,200,000
  • City New York
  • Neighborhood Manhattan Valley
  • Zip Code 10025
  • Market Manhattan
  • Property Type Multi-Family
  • Property Size 9,426 Sqft
  • Lot Size 2,525 Sqft
  • Date Updated 25 Nov, 2019

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Description

Package of 2 Mixed-Use Walk-up Buildings. 18 Fully Destabilized, Free Market Apartments. Ariel Property Advisors presents 963 and 969 Columbus Avenue, a package of 2 mixed-use walk-up buildings located in the Upper West Side neighborhood of Manhattan. Located in the Manhattan Valley section of the Upper West Side, the properties span a total of approximately 18,747 gross square feet and contain 18 free-market apartments and 2 ground-floor commercial units. 963 Columbus Avenue contains a unit mix of 5 three-bedroom apartments, 1 one-bedroom apartment, 3 two-bedroom apartments, and 1 commercial unit. 969 Columbus contains a unit mix of 5 three-bedroom apartments, 4 two-bedrooms apartments, and 1 commercial unit. The tenants in both properties are responsible for paying their own electric, heating, and cooling with individual boilers installed in the basement. The properties enjoy easy access to downtown Manhattan and outer borough locations via the 1 train on Broadway and 103rd Street and the A, B, C train on 110th Street and Central Park West. The area benefits greatly from its proximity to major institutions and landmarks such as Central Park, Morningside Park, Barnard College, and Columbia University. 963 and 969 Columbus Avenue offer investors a rare opportunity to achieve absolute market-rate rents in a highly desirable section of the Upper West Side that continues to attract greater residential demand and retail growth.

FREQUENTLY ASKED QUESTIONS

What is the total square footage of 963 Columbus Avenue?

963 Columbus Avenue totals 9,426 square feet.

Manhattan Valley Demographics

The average household income in zip code 10025 is $155,781, from a total of 41,910 households. In terms of employment, there are 93.78 % white-collar and 6.22 % blue-collar jobs in zip code 10025.

Population

  • Total Population92,805
  • Male Population(45.1 %) 41,890
  • Female Population(54.9 %) 50,915
  • Median Age41.30

Income/Financial

  • Average Household Income$155,781
  • Median Household Income$85,930
  • Median Income Under 25$35,422
  • Median Income 25-44$105,177
  • Median Income 45-64$107,413
  • Median Income Over 65$58,913

Commercial Brokers Register now to add listings

Michael A. Tortorici

Ariel Property Advisors

(212) 544-9500 x 13

Victor Sozio

Ariel Property Advisors

(212) 544-9500 x 12

Shimon Shkury

Ariel Property Advisors

(212) 544-9500 x 11

Orry Michael

Ariel Property Advisors

(212) 544-9500 x 88