62-Unit Multifamily Conveniently Located on Fort Washington Avenue
$8,000,000
579 Fort Washington Avenue, New York, NY 10033
For Sale
Multifamily
Mid High Rise
Active
Last Updated: 10/06/2025
6.35
Cap Rate
508,286
NOI
Details:
Cap Rate: 6.35%
NOI: $508,286
Building Size: 46,500 sqft
Lot Area: 12,500 sqft
Occupancy: 95%
Units: 62
GRM: 7.23
Price Per Sqft: $172
Price Per Unit: $129,032
Zoning: R7-2 / C1-4
Floors: 6
Highlights:
- 62-Unit Walk-Up Building Spanning 46,550 Square Feet in Washington Heights
- Favorable spread between legal and preferential rents
- Recently converted from oil to gas
- Located just two blocks from the A subway line
- Clean and well-maintained property with strong collections above 95%
- Newly finished pointing work on the entire facade
- Superb transit with quick Midtown access, walkable streets, abundant green spaces, and reputable public schools
- Predominantly one-bedroom apartments
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