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64 Unit Adjacent Building Package in Morris Heights

$3,700,000

1592-1600 University Avenue, New York, NY 10453

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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
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