MLS® ID: CORC-5722421
561 West 161st Street
Manhattan, New York, 10032 $2,500,000
The Investment Sales Team at Citi Habitats presents 561 W 161st St. With a lot size of 18.92 X 99.92 this eight unit multi-family commercial property represents an excellent investment opportunity.Located in prime Washington Heights, this multi-family asset is in excellent condition while producing solid monthly income with low operating costs. The 8 unit walk-up boast easy access to the A, C and 1 trains; is in close proximity to four major employers--Columbia Univ, Columbia School of Nursing, NY Presbyterian Hospital, City College; and is a half block from the Broadway commercial corridor for shopping, restaurants and community activities. Located on the north side of W. 161 St, between Broadway and Amsterdam the building boasts 4,435 of residential area, measuring 19' x 64' feet and low taxes of $8,874. Overall, the building is in average condition -- with updated kitchens, while two of the eight units require renovations as well as the common area.