Beautifully Renovated 9-Unit Limestone Building Near Columbia University - 2B Tax Class

$4,500,000

627 West 113th Street, New York, NY 10025

For Sale

Multifamily

Active

Last Updated: 08/23/2024

NOI: $212,761

Building Size: 6,100 sqft

Units: 9

Price Per Sqft: $738

Price Per Unit: $500,000

Zoning: R8

Floors: 5

Nine 2 bedroom apartments in a pre-war limestone building adjacent to Riverside Park and half a block from Broadway and its abundant dining, coffee and stores
Easily accessible location close to the 1 subway line and the 110th Street Crosstown bus
An assumable mortgage of $2,085,000 at 3.86% interest due in March 2027
Walking distance to Columbia University, Barnard College and Bank Street College of Education
The building is well maintained and professionally managed with renovated FM units (and the ground floor RS triplex) with installed W/D and installed electric stoves in ALL 9- units
Recent new developments in the area have achieved an average of $61 per square foot in rents
Tax class 2B, perfect for an end user or a multifamily investor
Recent capital improvements includes new boiler, new electric panels, updating the building stairs and hallways

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