A 100’ foot wide, 40-unit, residential walk-up apartment building located at 712 West 176th Street, between Broadway and Fort Washington Avenue in Northern Manhattan’s Washington Heights neighborhood, was sold in an all cash transaction valued at $5,325,000
The property is conveniently located just a few hundred feet from the A Express train, less than a block from Jay Hood Wright Park and the United Palace Theater, and within walking distance of Columbia Presbyterian Hospital and the George Washington Bridge Port Authority Terminal.
The sale price equates to $155 per square foot, and $133,000 per unit.
“This is another example of the healthy investor appetite that exists for northern Manhattan multifamily. This property’s superb location and ability to take advantage of a soaring rental market added to its desirability,” said Massey Knakal First Vice President of Sales Robert M. Shapiro who exclusively represented the seller in this transaction.
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Neighborhoods: Washington Heights/ Agents: Robert Shapiro