Listed by RIPCO Real Estate
$1,550,000
63 Audubon Avenue
Details
Property Type Retail, Multifamily
Sub Type Residential, Commercial
Square Footage 2,375
NOI $475,159
Price per SqFt $653
Zoning R7-2
VACANT LOT WITH PLANS FOR MEDICAL IN THE HEART OF COLUMBIA PRESBYTERIAN HEALTHCARE CORRIDOR
Marketing description
Ripco Real Estate Has Been Retained on an Exclusive Basis to Arrange for the Sale of 63 Audubon Avenue — in New York, Ny (the ‘property’). a 25’ X 95’ Vacant Lot in Washington Heights.
63 Audubon Avenue Presents a Rare Opportunity in an Exceptionally Tight Medical Office Market, Where Nearly All Available Space is Controlled by the Hospital. With Growing Demand From Doctors and Medical Practices Seeking to Own Rather Than Lease Their Offices, the Property is Well-positioned to Capture Strong Interest. the Offering Includes Plans for a Sevenstory Medical Building Ready for Submission.
Investment highlights
- Lot 2,375 SF 25.5’ x 95’ vacant lot
- Zoning R7-2 zoning | 9,500 BSF for residential, 11,900 BSF with City of Yes, and 15,438 BSF for Community Facility
- Transportation: One block to the A, C & 1 subway trains, and M2, M3, M100 & Bx7 bus lines
- Immediate access to the George Washington Bridge, Cross Bronx Expressway, Harlem River Drive & Henry Hudson Parkway
- Location: Strategically located on the campus of Columbia / Presbyterian Medical Center
- Nearby strong neighborhood retail along Broadway Amsterdam Avenue
- Use: Ideal for ground-up residential or community facility development
- Zoning district allows lower floor ambulatory doctors’ offices and upper floor non-profit institution with sleeping accommodations
- No parking is required for medical use
- Plans: Due diligence includes; survey and plans for a seven-story medical building
Listing Contacts
Listed by RIPCO Real Estate
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$475,159.00
$39,596.58/mo
Valuation Metrics
0
DSCR
30.66%
Cap Rate
30.66%
ROI
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