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550 W 180th St
New York, NY 10033 Washington Heights

$5,230,000 USD

Apartments For Sale  •  25,365 SF

Property Details

  • Property Type Apartments
  • Total Building Size 53,020 SF
  • Lot Size 0.17 AC
  • Building Class C
  • Year Built 1915
  • Zoning R7-2
100 Transit Score
95 Walk Score

Highlights

550 & 556 West 180th Street span 68,000 square feet and consist of 2 studio, 19 one-bedroom, 22 two-bedroom, and 18 three- bedroom apartments
8.1% Cap Rate | 4.7x GRM | $99 Per Sqft | $84,355 Per Unit
Experienced operators have the ability to capitalize on rent growth through an additional ~$187,000 per year of preferential rent
Ideally located near Yeshiva University, the George Washington Bridge, the West 181 St retail corridor, and the 181 Street train station. st station

Public Transportation

Commuter RailDriveWalkDistance
Highbridge Yard (Hudson - Metro-North Railroad) 4 min - 1.5 mi
Morris Heights Station (Hudson Line - Metro-North Commuter Railroad Company (Metro-North)) 6 min - 2.0 mi
Transit/SubwayDriveWalkDistance
181 Street (1 Line) (1 - New York MTA Subway (The Subway)) 0 min 2 min 0.1 mi
181 Street (A Line) (A - New York MTA Subway (The Subway)) 1 min 7 min 0.4 mi
175 Street (A - New York MTA Subway (The Subway)) 1 min 9 min 0.5 mi
191 Street (1 - New York MTA Subway (The Subway)) 2 min 11 min 0.6 mi
Washington Heights-168 Street (A - New York MTA Subway (The Subway), C - New York MTA Subway (The Subway)) 2 min 12 min 0.6 mi
AirportDriveWalkDistance
LaGuardia 18 min - 9.1 mi
Newark Liberty International 24 min - 20.5 mi
Seth Glasser 212-430-5136 Marcus & Millichap
Seth Glasser 212-430-5136 Marcus & Millichap