A walk-up apartment building at 520 West 175th Street, located between Audubon and Amsterdam Avenues in Washington Heights, was sold in an all cash transaction valued at $1,325,000.
The five-story property is approximately 13,100 square feet and sits on a 37.5’ x 99.67’ lot. Of the 16 units, four are rent controlled, six are rent stabilized, and six are free market. There are three two-bedroom units, five three-bedroom units and eight four-bedroom units. The property is located within walking distance of the A train and Columbia Medical Center. The sale price equates to $101 per square foot.
“This sale is representative of the continued demand for rent regulated, multifamily assets in northern Manhattan,” said Massey Knakal First Vice President of Sales Robert Shapiro who exclusively handled this transaction.
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Neighborhoods: Washington Heights/ Agents: Robert Shapiro