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A blog for breaking sales and neighborhood real estate news.

An apartment building at 121 Vermilyea Avenue, located between West 204th and 207th Streets in Northern Manhattan’s Inwood neighborhood, was sold in an all cash transaction valued at $1,175,000.

The five-story walk-up apartment building is located just steps away from one of Northern Manhattan’s most sought after retail corridors. It is located just one block from the “A” train on Broadway and two blocks from the 1 train on 207th Street. The 12,240 square foot building sits on a 25' x 150' lot.  The building, which is 119’ deep, offers very large units. There are twelve two-bedroom units and four three-bedroom units.

“Smaller sized multifamily properties, such as this property, continue to remain in demand,” said Massey Knakal First Vice President of Sales Robert Shapiro who exclusively handled this transaction. “This property needed a little TLC to extract the upside and we found plenty of investors who were more than willing to take on the assignment.”

Click here for press release

Neighborhoods: Inwood/ Agents: Robert Shapiro