212-660-7717
66-68 Pinehurst Ave, New York, NY for Sale
Apartments - FOR SALE
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66-68 Pinehurst Ave
New York, NY 10033
Washington Heights


HIGHLIGHTS

  • 100% occupied.
  • ~50% fair market.
  • Conveniently located near the 1 and A train.
  • 20- minutes to Midtown.
  • Prime neighborhood in Northern Manhattan.
  • Tree lined block.

OVERVIEW

CBRE is pleased to offer for sale 66 Pinehurst Avenue, “the Property”, a five-story walkup building located on the west side of Pinehurst Avenue between 180th and 181st Streets in the Hudson Heights neighborhood of Northern Manhattan. The fully occupied 47’ wide building is approximately 18,500 gross square feet. The Property consists of 21 apartments with a unit mix ranging from 1- to 3-bedrooms. 11 apartments are rent stabilized (RS) with an average rent of $1,785 per unit, while 10 units are free market (FM) with an average rent of $2,685 per unit. The Property is conveniently located 500’ from the subway entrance servicing the A train and a 20-minute commute to Midtown. Proximity to the subway further increases demand for apartments in the area. Furthermore, Hudson Heights is a vibrant neighborhood in Upper Manhattan, known for its scenic views, with numerous parks and green spaces, a diverse selection of restaurants and cafes, and a strong sense of community, making it an ideal place for families and young professionals alike. 66 Pinehurst Avenue offers investors the opportunity to acquire a fully occupied cash-flowing property with upside potential in one of the most sought-after neighborhoods in Northern Manhattan.

FOR SALE DETAILS

PRICE

Request Info for Price

# OF UNITS

21

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

5

YEAR BUILT

1912

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.12 AC

LAND SF

5,127 SF

ZONING

R7-2

APN/PARCEL ID

2177-0132

ASK ABOUT THIS PROPERTY

Robert ShapiroCushman & WakefieldMore Info
212-660-7717

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Robert ShapiroCushman & WakefieldMore Info
212-660-7717

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