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26-Unit Cash Flowing Mixed-Use Building in Fort George

$3,500,000

112 Nagle Avenue, New York, NY 10040

Pending
Last Updated: 12/13/2023

6.38

Cap Rate

223,277

NOI

Details:
Cap Rate:    6.38%
NOI:    $223,277
Building Size:    15,960 sqft
Lot Area:    5,180 sqft
Units:    26
Price Per Sqft:    $219
Price Per Unit:    $134,615
Zoning:    R7-2; C1-4
Floors:    5
Highlights:
  • 26-unit mixed-use building nestled on the border of Washington Heights and Inwood
  • Strong commercial tenants paying a combined rent of $75/sf
  • Situated on busy retail corridor within proximity of major retail tenants on Dyckman Street
  • Well-maintained and professionally managed asset in Northern Manhattan’s vibrant Fort George neighborhood
  • Separately metered for electricity, allowing for reduced operating expenses
  • Conveniently located near several transportation options including the “1” train at the Dyckman St Station and the “A” train at the 190 St Station
  • Enjoys proximity to Fort Tryon Park, Inwood Hill Park, and Highbridge Park
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