853 Riverside Drive is a 54 unit, plus super’s unit, elevator building in Washington Heights renting at approx. $12 PSF where market rents can achieve $30 PSF.
Ownership of an elevator property such as this is a rarity, and even more so on highly desirable Riverside Drive. Numerous surrounding properties have been converted to condominiums with sellouts approaching $600 PSF. Its obvious that the long term investor will have numerous profitable exit strategies.
Both 839 and 845 Riverside Drive are also available for sale.
Click here for listing details.
Neighborhoods: Washington Heights/ Agents: Robert Shapiro