Washington Heights Corner Mixed-Use Building with 31 Apartments, 8 Retail Spaces, and a Rooftop Cell Site

Description:

326 Audubon Avenue, Washington Heights, NY Team Lala of RM Friedland is pleased to present the opportunity to acquire 326 Audubon Avenue (AKA 547-559 West 181st Street), a mixed-use elevator serviced building located on the northeast corner of Audubon Avenue and West 181st Street in Manhattan’s Washington Heights neighborhood.

Built in 1920, this six-story mixed-use property contains 31 residential apartments, neighborhood retail along West 181st Street, the area’s primary shopping corridor, and an income-generating rooftop cell site.

The subject property features a newer four-year-old rubber roof, well-preserved original marble and ceramic lobby finishes, steel and marble staircases, steel and glass doors, and security cameras.

The property also includes individual gas and electric meters for the apartments, a main water meter, and individual water meters for the commercial spaces, along with a #4 oil boiler and burner, a 5,000-gallon above-ground oil tank, and separate hot water tanks.

Tenants benefit from convenient access to Yeshiva University’s Wilf Campus, at 185th Street, as well as the MTA’s 181st Street subway station at West 181st Street and St. Nicholas Avenue.

Apartments are easily rented in this Washington Heights shopping, dining, and entertainment hotspot. The surrounding West 181st Street corridor provides access to neighborhood retail, restaurants, supermarkets, grocery stores, pharmacies, and daily services, while the MTA 1 train offers a direct commute to Midtown Manhattan in approximately 30 minutes.

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