3748-3752 Broadway - Apartments FOR SALE


New York, NY 10032- Washington Heights
$8,500,000 USD
212-430-6134
3748-3752 Broadway, New York, NY for Sale
$8,500,000 USD
Apartments - FOR SALE
1/21
null | 6.3% Cap Rate

3748-3752 Broadway
New York, NY 10032
Washington Heights


OVERVIEW

New York Multifamily is pleased to offer the following opportunity located in the prime Washington Heights section of Upper Manhattan. 3750 Broadway is a meticulously maintained elevator building featuring a prominent retail component in a very lively neighborhood. Situated on the corner of Broadway and West 156th Street, this 39-unit property encompasses 41,163 square feet with 98 feet of frontage. 3750 Broadway is just steps away from Columbia Presbyterian Medical Center, The Hispanic Society Museum, and the 157th & 163rd Street subway stations. • The Building: Professionally owned & operated, 3750 Broadway spans 41,163 square feet and is a corner, 39 unit, mixed use elevator building in prime Washington Heights. • Favorable Unit Mix: 3750 Broadway is composed of, 2 one-bedroom, 3 two-bedroom, 17 three-bedroom, 10 four-bedroom, 4 five-bedroom apartments with 4 ground floor retail spaces. • The Metrics: Asking 8.1 GRM l 6.3% cap rate l $180psf • Value Add: 3 Free Market and 2 Rent Controlled units allow an investor to capture upside upon turnover. Vacant retail on the ground floor presents an additional opportunity for immediate revenue generation. • Convenient Location: 3750 Broadway is just steps away from Columbia Presbyterian Medical Center and the 157th & 163rd Street subway stations. The Broadway retail corridor has consistent foot traffic and nationally recognized tenants, allowing for immediate cash flow or eventual upgrades to the units

FOR SALE DETAILS

PRICE

$8,500,000 USD

PRICE/SF

$180 USD /SF

# OF UNITS

40

PRICE/UNIT

$212,500

CAP RATE

6.3%

% LEASED

89%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

3750 Broadway

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

6

YEAR BUILT

1906

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.23 AC

LAND SF

10,019 SF

ZONING

R8, New York

APN/PARCEL ID

2114-0005

ASK ABOUT THIS PROPERTY

Seth GlasserMarcus & MillichapMore Info
212-430-6134

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Seth GlasserMarcus & MillichapMore Info
212-430-6134

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.