627 113Th StNew York, NY 10025

Property Details for 627 113Th St

Year built

1910

Lot size

0.05 AC

Property size (Sq ft)

6,100 SF

Zone code

R8

Property type

Residential income homes

Property subtype

Serviced apartments

APN

01895-0043

APU

18950043

Description

This exceptional five-story limestone building at 627 West 113th Street presents a compelling investment opportunity. Boasting 6,100 square feet, this 20-foot-wide townhouse comprises nine units: eight two-bedroom apartments and one newly renovated two-bedroom, two-bathroom triplex. The triplex, currently vacant, offers potential for owner-occupancy. One of the two-bedroom units is a duplex featuring a sizable private garden. All apartments include in-unit washer/dryers and electric stoves. Recent capital improvements include a new boiler, updated electrical panels, and refreshed stairwells and hallways. The property benefits from its convenient location between Broadway and Riverside Drive, steps from Riverside Park, and within walking distance of Columbia University, Barnard College, and Bank Street College of Education. Excellent public transportation access is provided by the nearby 1 subway line and the 110th Street Crosstown bus. An assumable mortgage of $2,085,000 at a 3.86% interest rate, maturing in March 2027, is available, further enhancing the investment potential. The building is zoned R8. The asking price is $4,500,000, representing a price per square foot of $738.

• CAP approach

  CAP return

  Valuation

  6%

  $1,250,555

  6.5%

  $1,154,359

  7%

  $1,071,904

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,235,390

  Geo Method

  $1,235,390

• Alternative Use

  Use

  Valuation

  Residential

  $1,154,359

  Hospitality

  $1,057,386

  Educational

  $879,733

  Medical

  $909,988

  Retail

  $1,368,474

Location Insight

City

New York

County

New York

State

New York

Latitude

40.8069

Longitude

-73.9666

CBSA code

35620

CBSA name

NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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