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120 Haven Ave
New York, NY 10032 Washington Heights

$5,200,000 USD

Apartments For Sale  •  35,865 SF

Property Details

  • Property Type Apartments
  • Total Building Size 25,755 SF
  • Lot Size 0.25 AC
  • Building Class C
  • Year Built 1920
  • Zoning R8
100 Transit Score
94 Walk Score

Highlights

This 35-unit walk-up building comprises six one-bedroom, 25 two-bedroom, and four three-bedroom apartments.
7.0% Cap Rate | 6.3x GRM | $157,143 Per Unit | $214 Per Sqft.
With a high average rent of $2,084 per month, the building offers investors a steady annual cash flow of $382,993.
Additionally, there is $364,182 in delta upside between the actual and legal rent, which owners can capitalize upon vacancy.
120 Haven Avenue is well located, close to Jay Hood Wright Park, the George Washington Bridge, and the 175th Street A Train.

Amenities

  • Air Conditioning
  • Controlled Access
  • Tenant Controlled HVAC
  • Heating
  • Recycling
  • Smoke Free
  • Kitchen
  • Refrigerator
  • Oven
  • Range
  • Tub/Shower
  • Smoke Detector

Public Transportation

Commuter RailDriveWalkDistance
6 min - 2.9 mi
Morris Heights Station (Hudson Line - Metro-North Commuter Railroad Company (Metro-North)) 7 min - 3.1 mi
Transit/SubwayDriveWalkDistance
Washington Heights-168 Street (A - New York MTA Subway (The Subway), C - New York MTA Subway (The Subway)) 2 min 8 min 0.4 mi
175 Street (A - New York MTA Subway (The Subway)) 2 min 8 min 0.4 mi
181 Street (A Line) (A - New York MTA Subway (The Subway)) 2 min 11 min 0.5 mi
163 Street-Amsterdam Avenue (A - New York MTA Subway (The Subway), C - New York MTA Subway (The Subway)) 2 min 15 min 0.8 mi
181 Street (1 Line) (1 - New York MTA Subway (The Subway)) 3 min 15 min 0.8 mi
AirportDriveWalkDistance
LaGuardia 20 min - 9.3 mi
Newark Liberty International 25 min - 20.5 mi
John F Kennedy International 35 min - 21.2 mi
Seth Glasser 212-430-5136 Marcus & Millichap
Seth Glasser 212-430-5136 Marcus & Millichap