31
Residential Units
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6
Commercial Units
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19.42x
Gross Rent Multiple
3.41%
Capitalization Rate
TEAM
Overview
Cushman and Wakefield, Inc. has been retained on an exclusive basis to arrange for the first sale in decades of 1341-1349 St Nicholas Avenue (aka 601 West 177th Street). The offering is a corner 38 unit, 6-story mixed-use elevator building located in the Manhattan’s Washington Heights neighborhood. The property is located on the southwest corner of West 177th Street and Saint Nicholas Avenue boasting 95’ of prime Saint Nicholas Avenue frontage.
• Long-term ownership
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• 6 story, 38 unit corner mixed-use elevator building
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• 95’ of frontage on Saint Nicholas Avenue
• Residential rents are less than a third of market
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• 3 blocks from both A & 1 train stations
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• Close proximity to Columbia Presbyterian Hospital and Medical school as well as Yeshiva University.
PHOTOS
