456 W 167 St, 1MA
Washington Heights, New York, NY 10032

$650,000
  • Home
  • Studio
  • 1 bath
  • 860 ft2

Location

Map of 456 W 167 St, New York, NY 10032, 1MA

Nearby Transit
5 min 168th St A A C C
5 min 168th St 1 1
6 min 163rd St - Amsterdam Av A A C C
Nearby Schools
2 min Gregorio Luperon High School for Science and Mathematics (9-12) Public
4 min Castle Bridge School (PK-2) Public
11 min Incarnation School (PK-8) Private

School data provided by GreatSchools

Description

Investment Unit – CAP RATE OF 4.7

Attractive space available in a luxurious condo building: Edgecombe Parc in Washington Heights. 860 sqft space situated just a few blocks from the A, C and 1 trains. Offers easy access to anywhere in the city; less than 20 minutes to Times Square. Also near to other medical facilities, including Columbia University Medical Center and New York Presbyterian Hospital. Easy access to GWB and Cross-Bronx Expressway makes it easy for clients/patients coming from NJ or LI.

The current lease is at $3,300/month, increasing 3% annually for 5 years with an option to renew for another 5 years.
Landlord pays common charges of $617 per month, and annual taxes of $1,824.
Tenant is responsible for all other expenses, utilities, etc.
Total free cash flow is over $30k annually.
* Cap rate of 4.7%.

Features & Amenities

Amenities
 
  • Doorman
  • Elevator

Listed by
  300x300 Natsuko Ikegami Contact Agent
Brokerage
  Compass
Source
 

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