Listed by BKREA
Unpriced
550-552 W 174th St
Details
Property Type Multifamily
Sub Type Apartment Building
Square Footage 36,720
Units 4
NOI $339,417
Stories 11
Lot Size (SqFt) 10,000
Zoning R7-2
Multifamily | 4 Units
Marketing description
BKREA has been exclusively retained
to arrange the sale of 550-552 West
174th Street ("The Site"), an
exceptional opportunity in the heart of
Washington Heights. The subject
properties are located on the
southwest corner of West 174th Street
and Audubon Avenue and consist of
two tax lots: Lot 15 and Lot 17.
Investment highlights
- The favorable R7-2 zoning with a C1-4 commercial overlay allows for residential and local retail development, enabling flexibility in executing a variety of business plans that align with the neighborhood's mixed-use character and growing demand.
- 550–552 West 174th Street features 4 retail stores on the avenue and 45 occupied residential units, including 38 rent-stabilized and 7 rent-controlled, providing strong inplace income and long-term value.
- 550-552 West 174th Street is ideally located in the heart of Washington Heights, allowing developers to benefit from the neighborhood’s strong institutional anchors, growing residential demand, and vibrant cultural character.
- The site is just 0.3 miles from the 175th Street station (A line) and under 0.5 miles from the 168th Street station (A and 1 lines), providing express access to Midtown, Downtown, and beyond.
- Located just minutes from NewYork-Presbyterian Hospital and Columbia University Medical Center, 550–552 West 174th Street benefits from proximity to two of Upper Manhattan’s largest institutional anchors. These worldrenowned institutions drive consistent demand for housing and retail, supporting long-term neighborhood stability and economic growth.
Listing Contacts
Listed by BKREA
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Loan Amount
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Annual Debt Service
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Annual Cash Flow
$339,417.00
$28,284.75/mo
Valuation Metrics
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