4925-4935 Broadway
Multifamily | 0.00% CAP | 59 Units
Marketing description
RIPCO Real Estate has been retained on an exclusive basis to arrange for the sale of 4925-4935 Broadway Manhattan, NY.
The Property is a mixed-use investment property located along the Broadway corridor in Upper Manhattan, benefiting from strong visibility, dense foot traffic, and immediate access to public transportation. The property consists of approximately 48,217 square feet, including 39,717 square feet of residential space and 8,500 square feet of ground floor commercial frontage. The residential component features a diverse unit mix across free market, rent stabilized, and rent controlled units, providing both durable in-place income and long term upside through vacancy turnover and rent growth. Unit layouts consist of 1 studio, 21 one-bedrooms, 19 two-bedrooms, and 8 three-bedroom units. Of this mix, 22% are rent regulated, with a building wide average rent of $1,575.
Investment highlights
- #1 Popular Location For Manhattan Investors Area presents value-growth potential, as a mixed-use asset with strong visibility and neighborhood retail demand
- #2 Strong Cash-Flow Approximately $1.9 million in projected gross annual revenue
- #3 Retail Visibility 10 units of ground-floor, corner retail with wide street frontage, with dense surrounding residential demand
- #4 Scale and Investment Flexibility Efficient 59 unit mixed-use, majority free-market asset, offering scale and diversified income streams
- #5 Transit-Oriented, High-Barrier Location Corner of 207th Street with access to the A / 1 subway
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