555 183Rd StNew York, NY 10033

Property Details for 555 183Rd St

Year built

1910

Property type

Residential income properties

Property subtype

Multifamily properties

Description

This well-maintained four-unit apartment building at 555 W 183rd Street, New York, NY 10033, presents a compelling investment opportunity. Listed at $2,550,000, this Class B property boasts a 0.34% cap rate and a net operating income (NOI) of $8,784. Built in 1910, the building sits on a 16x74.92 lot and is zoned R-7-2. The property features four apartments: a one-bedroom unit on the first floor, a two-bedroom unit on the second floor, a three-bedroom unit on the third floor, and a two-bedroom unit in the lower level. Each unit includes a kitchen and bathroom, with appliances varying slightly between units (including dishwashers, microwaves, ovens/ranges, and refrigerators). The first and lower-level units offer private entrances to a shared landscaped backyard. The building is constructed of brick and stone. Heating is provided by natural gas baseboard heating with four zones, and hot water is supplied by gas stand-alone units. Separate meters for heat, electricity, and gas are installed. The property benefits from a convenient location near shops, restaurants, schools, parks, and public transportation, including trains and buses. Annual property taxes are $12,807. Street parking is available. The second-floor unit is currently vacant. This property offers a strong foundation for future growth and income generation in a desirable New York City neighborhood.

Location Insight

City

New York

County

New York

State

New York

Latitude

40.8502

Longitude

-73.9316

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