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2-10 Arden Street New York, NY 10040 118 Nagle Ave 33 Unit Apartment Building $3,780,000 ($114,545/Unit) 7.50% Cap Rate New York, NY 10040
Investment Highlights
- Located in Washington Heights, a dense and well-connected Manhattan neighborhood with robust rental demand.
- Exceptional transit options nearby, including subway access, enhancing connectivity across Manhattan.
Executive Summary
Super clean building with 3 preferential rents and strong corner retail. New boiler, roof, parapet walls.2-10 Arden Street New York, NY 10040 aka 118-122 Nagle Ave.
Location: On the Northwest Corner of Arden Street and Nagle Avenue in the Washington Heights Section of Manhattan.
Description: 5 story Walkup Apartment Building built in 1920 Renovated in 1988.
Location: On the Northwest Corner of Arden Street and Nagle Avenue in the Washington Heights Section of Manhattan.
Description: 5 story Walkup Apartment Building built in 1920 Renovated in 1988.
Property Facts
| Price | $3,780,000 | Apartment Style | Mid-Rise |
| Price Per Unit | $114,545 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.15 AC |
| Cap Rate | 7.50% | Building Size | 28,080 SF |
| No. Units | 33 | No. Stories | 5 |
| Property Type | Multifamily | Year Built | 1920 |
| Property Subtype | Apartment | ||
| Zoning | R7-2 - Medium-density apartment house district with lower parking requirements | ||
| Price | $3,780,000 |
| Price Per Unit | $114,545 |
| Sale Type | Investment |
| Cap Rate | 7.50% |
| No. Units | 33 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | C |
| Lot Size | 0.15 AC |
| Building Size | 28,080 SF |
| No. Stories | 5 |
| Year Built | 1920 |
| Zoning | R7-2 - Medium-density apartment house district with lower parking requirements |
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Exceptionally walkable
100/100
Fairly drivable
40/100
Exceptional public transit
100/100
Moderately bikeable
70/100
Property Taxes
| Parcel Number | 2174-0085 | Improvements Assessment | $805,950 |
| Land Assessment | $116,550 | Total Assessment | $922,500 |
Property Taxes
Parcel Number
2174-0085
Land Assessment
$116,550
Improvements Assessment
$805,950
Total Assessment
$922,500
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2-10 Arden Street New York, NY 10040 | 118 Nagle Ave
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