Living / Multi-housing

502 West 170th Street

502 W 170th St502 West 170th St, New York, NY, 10032-3630, US

502 West 170th Street_Property for Sale

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Asset description

JLL has been retained on an exclusive basis to arrange for the sale of 502 West 170th Street, a 50’ wide, walk-up apartment building located on the south side of West 170th Street between Amsterdam and Audubon Avenues in the heart of Manhattan’s Washington Heights. The 5 story building is comprised of ~16,350 Sq. Ft. and configured as 20 apartments of which 65% are eligible to rent at market. The units consist of 9 Free Market, 4 Rent Stabilized Market, 5 Rent Stabilized and 2 Rent Controlled apartments. 

Attributes

Year built
1907
Building area gross
16,350 sf

Investment highlights

50’ of frontage


Excellent location 2 blocks from Presbyterian Hospital & Columbia University School of Nursing


Assumable Financing $2.95M, 3.45%, 4/2029


Light Value Add


Post-COVID Rental Growth


Access to 1, A, C Trains on Broadway

Steps from Highbridge Park

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Last updated
Oct 20, 2022