Hudson View II & III

520 West 145th Street, New York, NY 10031

Property Information

  • For Sale Contact for pricing
  • Property Type Multi-Family
  • Property Size 25,050 SF
  • Units 30
  • Lot Size 0.38 Acre
  • Building Class C
  • Year Built 1915
  • Date Updated Jan 23, 2025

Description

BID DEADLINE: THURSDAY, DECEMBER 5TH, 2024.

Concentrated Scale

-143k SF across 4 properties

Federally Subsidized Affordable Housing

-129 Project-Based Section 8 voucher units

Mark-up-to-Market HAP Agreements in-place

Strong Retail Presence

-11 commercial units located on major Manhattan retail thoroughfare, Amsterdam Avenue

-Over 200’ of retail frontage

-Leases contain automatic increases of 3%-4% at expiration

Value Add Potential

-Built in rent increases through scheduled Mark up to Market

-Potential for “As-Renovated” Mark up to Market

Optionality

-5 year HAP agreements

-Expiring Article V Shelter Rent Tax agreement

Location

-Perfectly situated in between two major subway stations just steps away

-The project will benefit from over 500k sf of new development within the property’s immediate vicinity

Cash Flowing Portfolio

-Strong historical cash flow

Contacts

Victor Sozio

Ariel Property Advisors

Shimon Shkury

Ariel Property Advisors

Remi Mandell

Ariel Property Advisors

Jake Brody

Ariel Property Advisors

Matthew Swerdlow

Ariel Property Advisors

Location

Located at 520 West 145th Street, New York, NY 10031, this property is part of the Harlem neighborhood and Manhattan market.

  • 99/100 Walker's Paradise
  • 100/100 Rider's Paradise
  • 87/100 Very Bikeable
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