Invictus Property Advisors is pleased to present the sale of a twenty-six (26) unit multifamily building in the Manhattan Valley submarket of the Upper West Side.
The transaction closed for just under a 5% cap or $475/SF. Nineteen (19) of the units are free market and the sponsor plans on upgrading the asset to stabilize the income stream at a higher yield. The building is blocks away from Columbia University, allowing future ownership to benefit from an entrenched student housing market.
- 14,747
SF - 25
Units - 5.00%
Cap Rate - $475
PPSF - $172,725
ANNUAL TAX BILL
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INVESTMENT HIGHLIGHTS
exclusive agents
Josh Lipton
Manhattan Office
212 596 7579
Andrew Levine
Manhattan Office
212 596 7570
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