Listed by Ariel Property Advisors
$5,400,000
72-82 Ellwood Street
Details
Property Type Multifamily
Sub Type Apartment Building
Square Footage 43,240
Units 60
NOI $343,710
Price per SqFt $125
Buildings 2
Stories 12
Lot Size (SqFt) 12,500
Zoning R7-2
Multifamily | 60 Units | $90,000/unit
Marketing description
Washington Heights is a neighborhood in Upper Manhattan known for its vibrant Dominican culture and close-knit community. It features historic sites like the Cloisters, scenic parks such as Fort Tryon, and offers beautiful views of the Hudson River.
Investment highlights
- Two (2) contiguous, well-maintained multifamily walk-up buildings
- 60 total residential units: 29 one-bedrooms, 28 two-bedrooms, 3 three-bedrooms
- Long-term J-51 Tax Exemption & Abatement (expiring 2055 & 2057)
- Excellent transit access: steps to 1 & A subway lines; 25 minutes to Midtown
- Prime Inwood–Washington Heights location
- Located nearby Fort Tryon Park
Listing Contacts
Listed by Ariel Property Advisors
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$343,710.00
$28,642.50/mo
Valuation Metrics
0
DSCR
6.37%
Cap Rate
6.37%
ROI
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