64 Unit Adjacent Building Package in Morris Heights
$3,700,000
1592-1600 University Avenue, New York, NY 10453
For Sale
              
              
              
                
                  Multifamily
                
              
              
                
                  Unknown Sub Type
                
              
              
            
                  
                  Active
                
              
              
                
                  Last Updated: 09/18/2025
                
              
            9.14
Cap Rate
58,630 sqft
Building Size
Details:
                    
                      Cap Rate:    9.14%
                    
                  
                  
                
                    
                      Building Size:    58,630 sqft
                    
                  
                  
                
                    
                      Lot Area:    15,766 sqft
                    
                  
                  
                
                    
                      Units:    64
                    
                  
                  
                
                    
                      GRM:    3.88
                    
                  
                  
                
                    
                      Price Per Sqft:    $63
                    
                  
                  
                
                    
                      Price Per Unit:    $57,813
                    
                  
                  
                
                    
                      Zoning:    R7-1
                    
                  
                  
                Highlights:
- Located on the East side of University Avenue, off the corner of Featherbed Lane
- Unit breakdown is comprised of twenty-one (21) 1-bedroom apartments, thirty-seven (37) 2-bedroom apartments, and six (6) 3-bedroom apartments
- Abundance of national/local commercial tenants are accessible for residents on E Tremont Avenue, 170th Street, & Jerome Avenue
- In close proximity to supermarkets, local eateries, schools & medical institutions
- Transportation is in abundance surrounding the buildings as the properties are located in close proximity 4/B/D subway lines & the Bx3/36 bus stop is direct
Documents:
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