580 Saint Nicholas Ave | New York, NY 10030
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- LoopNet Team
580 Saint Nicholas Ave
New York, NY 10030
Multifamily Property For Sale
·
94 Units
INVESTMENT HIGHLIGHTS
- The Building: 94-Unit elevator building built in 1914 spanning 60,078 square feet on the western edge of the historic strivers row
- The Metrics: 6.9 GRM or 6.8% Cap rate. Upon increased rent growth, investors can expect recognize a significant increase on yield nearing a 7% cap rat
- Prime Location: With the convenience of being on Saint Nicholas Avenue, the 145th Street & Lenox Avenue retail strips are just steps away. Approximate
- Value-Add: With 36% of the building Free Market and $127,276 in annual preferential rents, investors can capitalize on rent growth north of 15% upon u
- Zero Deferred Maintenance: This meticulously maintained building has gone through extensive upgrades during the tenure of ownership which mitigates in
PROPERTY FACTS
| No. Units | 94 | Lot Size | 0.32 AC |
| Property Type | Multifamily | Building Size | 60,078 SF |
| Property Subtype | Apartment | No. Stories | 6 |
| Apartment Style | Mid-Rise | Year Built | 1914 |
| Building Class | B | ||
| Zoning | R7-2, New York - Multifamily | ||
| No. Units | 94 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | B |
| Lot Size | 0.32 AC |
| Building Size | 60,078 SF |
| No. Stories | 6 |
| Year Built | 1914 |
| Zoning | R7-2, New York - Multifamily |
AMENITIES
UNIT AMENITIES
- Heating
- Kitchen
- Granite Countertops
- Oven
- Stainless Steel Appliances
- Range
SITE AMENITIES
- Laundry Facilities
- Bicycle Storage
- Elevator
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 94 | - | 543 |
PROPERTY TAXES
| Parcel Number | 2048-0021 | Improvements Assessment | $3,203,010 |
| Land Assessment | $525,600 | Total Assessment | $3,728,610 |
PROPERTY TAXES
Parcel Number
2048-0021
Land Assessment
$525,600
Improvements Assessment
$3,203,010
Total Assessment
$3,728,610
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