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520-528 W 145th St
New York, NY 10031
Hudson View II & III · Multifamily Property For Sale
INVESTMENT HIGHLIGHTS
- Federally Subsidized Affordable Housing
- Value Add Potential
- Strong Retail Presence
- Cash Flowing Portfolio
EXECUTIVE SUMMARY
Four (4) Mark-Up-To-Market Project-Based Section 8 Buildings
***BID DEADLINE: THURSDAY, DECEMBER 5TH, 2024***
Concentrated Scale
• 143k SF across 4 properties
Federally Subsidized Affordable Housing
• 129 Project-Based Section 8 voucher units
• Mark-up-to-Market HAP Agreements in-place
Strong Retail Presence
• 11 commercial units located on major Manhattan retail thoroughfare, Amsterdam Avenue
• Over 200’ of retail frontage
• Leases contain automatic increases of 3%-4% at expiration
Value Add Potential
• Built in rent increases through scheduled Mark up to Market
• Potential for “As-Renovated” Mark up to Market
Optionality
• 5 year HAP agreements
• Expiring Article V Shelter Rent Tax agreement
Location
• Perfectly situated in between two major subway stations just steps away
• The project will benefit from over 500k sf of new development within the property’s immediate vicinity
Cash Flowing Portfolio
• Strong historical cash flow
***BID DEADLINE: THURSDAY, DECEMBER 5TH, 2024***
Concentrated Scale
• 143k SF across 4 properties
Federally Subsidized Affordable Housing
• 129 Project-Based Section 8 voucher units
• Mark-up-to-Market HAP Agreements in-place
Strong Retail Presence
• 11 commercial units located on major Manhattan retail thoroughfare, Amsterdam Avenue
• Over 200’ of retail frontage
• Leases contain automatic increases of 3%-4% at expiration
Value Add Potential
• Built in rent increases through scheduled Mark up to Market
• Potential for “As-Renovated” Mark up to Market
Optionality
• 5 year HAP agreements
• Expiring Article V Shelter Rent Tax agreement
Location
• Perfectly situated in between two major subway stations just steps away
• The project will benefit from over 500k sf of new development within the property’s immediate vicinity
Cash Flowing Portfolio
• Strong historical cash flow
PROPERTY FACTS
| Sale Type | Investment | Individually For Sale | 0 |
| Status | Active | Total Building Size | 171,390 SF |
| Number of Properties | 3 | Total Land Area | 0.75 AC |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 3 |
| Individually For Sale | 0 |
| Total Building Size | 171,390 SF |
| Total Land Area | 0.75 AC |
PROPERTIES
| PROPERTY NAME / ADDRESS | PROPERTY TYPE | SIZE | YEAR BUILT | INDIVIDUAL PRICE |
|---|---|---|---|---|
| 520-528 W 145th St, New York, NY 10031 | Multifamily | 89,610 SF | 1915 | - |
| 1704-1712 Amsterdam Ave, New York, NY 10031 | Multifamily | 41,420 SF | 1920 | - |
| 502-504 W 145th St, New York, NY 10031 | Multifamily | 40,360 SF | 1910 | - |
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