USANYNew YorkUpper West Side949 Columbus Ave

949 Columbus Ave, New York, NY

House

For Sale

Listed price in listed location currency (USD).

$5,500,000

20110

MLS® RLS20106083

Overview

Key Facts

Type Multi Family

Levels Residential

Size 7750 sqft

Garage

Taxes $117,794

Days Active 37

Lot Size 1875 SF

Approx. Age 1900

Avg. Price Per Sqft $709

MLS® Number RLS20106083

Property Address: 949 Columbus Ave, New York, NY, 10025-3134

Average square foot calculated using Size range provided by listing agent.

Description

A 7, 750 SF mixed-use walk-up with nine free-market three-bedroom apartments over two commercial spaces: an operating restaurant with basement dining and a retail storefront leased to a shoe store. The headline: six of the nine apartments will be delivered vacant on September 1, and every unit in the building is free-market. An investor can start renovating the majority of the residential portion on day one, with no buyouts to negotiate and no regulated leases to work around. The value-add math is straightforward. Each apartment is a three-bedroom, one-bath layout. Add a second bathroom, in-unit laundry, and updated finishes, and these units rent at a different number. The two commercial tenants keep paying while the work happens, so the building produces income through the entire reposition. The location does the rest: two short blocks to Central Park, roughly ten blocks to Columbia University, with the 1, B, and C trains nearby and the restaurants of Columbus and Amsterdam at the doorstep. Most value-add deals make you wait years for the vacancy. This one hands it to you at closing.

MLS® NumberRLS20106083

Laundry Level

Central VacNo

FireplaceNo

Acreage

Exterior

Garage

Approx. Age1900

Basement

Driveway

Garage Spaces

Heat

A/C

Extras

Map

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