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550 W 180th St
New York, NY 10033
550 and 556 West 180th Street · Multifamily Property For Sale
·
62 Units
Investment 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
- Experienced operators have the ability to capitalize on rent growth through an additional ~$187,000 per year of preferential rent
- 8.1% Cap Rate | 4.7x GRM | $99 Per Sqft | $84,355 Per Unit
- Ideally located near Yeshiva University, the George Washington Bridge, the West 181 St retail corridor, and the 181 Street train station. st station
Property Facts
| No. Units | 62 | Lot Size | 0.17 AC |
| Property Type | Multifamily | Building Size | 53,020 SF |
| Property Subtype | Apartment | No. Stories | 5 |
| Apartment Style | Mid-Rise | Year Built/Renovated | 1915/1989 |
| Building Class | C | ||
| Zoning | R7-2 - R7 Zoning is considered medium density residential. It is broken into 2 basic zoning districts R7-1 and R7-2. 7-2 has less parking requirements. | ||
| No. Units | 62 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | C |
| Lot Size | 0.17 AC |
| Building Size | 53,020 SF |
| No. Stories | 5 |
| Year Built/Renovated | 1915/1989 |
| Zoning | R7-2 - R7 Zoning is considered medium density residential. It is broken into 2 basic zoning districts R7-1 and R7-2. 7-2 has less parking requirements. |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 62 | - | - |
Property Taxes
| Parcel Number | 2153-0040 | Improvements Assessment | $571,500 |
| Land Assessment | $118,350 | Total Assessment | $689,850 |
Property Taxes
Parcel Number
2153-0040
Land Assessment
$118,350
Improvements Assessment
$571,500
Total Assessment
$689,850
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