627 West 113th Street, NY

A Beautifully Renovated 9-Unit Limestone Building Near Columbia University - 2B Tax Class

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Overview

Key Highlights

  • Price $4,500,000
  • Use Ideal for live-plus-income owner/user or an investor
  • Option Combine triplex unit with others for a phenomenal home
  • Condition Well-maintained building
  • Characteristics Old World charm with limestone facade and pre-war det...

Investment Highlights

• Nine 2 bedroom apartments in a pre-war limestone building adjacent to Riverside Park and half a block from Broadway and its abundant dining, coffee and stores

• Easily accessible location close to the 1 subway line and the 110th Street Crosstown bus

• An assumable mortgage of $2,085,000 at 3.86% interest due in March 2027

• Walking distance to Columbia University, Barnard College and Bank Street College of Education
• The building is well maintained and professionally managed with renovated FM units (and the ground floor RS triplex) with installed W/D and installed electric stoves in ALL 9- units

• Recent new developments in the area have achieved an average of $61 per square foot in rents

• Tax class 2B, perfect for an end user or a multifamily investor

• Recent capital improvements includes new boiler, new electric panels, updating the building stairs and hallways

Location

Our Team

Drew McWilliams

Associate Director - Investment Sales
Ariel Property Advisors
Christoffer Brodhead

Christoffer Brodhead

Ariel Property Advisors
212.544.9500 Ext. 100
Nikola Cosic

Nikola Cosic

Ariel Property Advisors
212.544.9500 Ext. 49

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