Washington Heights Multifamily Hits the Market July 25, 2018

Connect Media | July 13, 2018

 

GFI Realty Services has been named exclusive sales agent for 467 W. 164th St., a 20-unit multifamily property located in Manhattan’s Washington Heights section. Senior director Shlomo Antebi will oversee marketing, with pricing targeted at $5.7 million.

Built in 1900, the 9,975-square-foot property comprises 10 studio apartments, five one-bedroom units and five two-bedroom units. Ten units recently received significant upgrades; three of the apartments are currently vacant.

“While many areas within the city saw residential rents skyrocket in recent years, Washington Heights saw more muted growth and still retains a lot of upside potential,” said Antebi. “Due to the strong location, we’re expecting to receive bids from a wide range of long-term investors seeking prime Manhattan real estate.”

The five-story apartment building is located within blocks of New York-Presbyterian Hospital and Columbia University Medical Center. It also provides access to Midtown and Downtown via the A and 1 subway lines.

 

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