REO | 24 Unit Multifamily Property

Description:

Auction Information:
Bidding opens: Monday, November 2, 2026, at 12:00 PM
Bidding closes: Wednesday, November 4, 2026 at 12:00 PM
Starting Bid: $400,000

​Lender REO Sale
​6-story, multifamily walk-up building in Washington Heights, Manhattan
​24 residential units
​21,102 sq ft building on a 5,079 sq ft lot
​50 ft of frontage along West 169th Street
​Short walk to the NewYork-Presbyterian/Columbia University Irving Medical Center campus
​Direct subway access at 168th Street (A, C & 1)
​Close to Highbridge Park and neighborhood retail along Broadway

Property tours are available by appointment only.​ Please contact the listing broker to schedule a tour.​
503 W 169th St, New York, NY 10032 presents a compelling value-add multifamily opportunity in the heart of Washington Heights, Manhattan.​ This 6-story walk-up apartment building contains 24 residential units and approximately 21,102 square feet on a 5,079 square foot lot, with 91% occupancy in place.​ Positioned along West 169th Street with 50 feet of frontage, the property benefits from strong neighborhood fundamentals and exceptional connectivity.​ Residents enjoy a short walk to NewYork-Presbyterian/Columbia University Irving Medical Center, convenient access to the 168th Street subway station (A, C & 1), and close proximity to Highbridge Park, Broadway retail, dining, and everyday services.​ Built in 1910 and zoned R7-2, this classic Manhattan multifamily asset offers investors the chance to acquire a well-located building in one of Upper Manhattan’s most established rental corridors.​ With scale, existing cash flow, and upside potential, this Lender REO sale is an excellent opportunity for buyers seeking long-term growth in a high-demand urban market.​
​Non-Contingent
​Earnest Money Deposit: Greater of $20,000 or 10% of the Purchase Price
​Marketing Fee: 3% of the Winning Bid Amount
​$10,000 Participation Deposit via Wire Deposit only
​Subject To Seller Approval