925 Columbus AveNew York, NY 10025

Property Details for 925 Columbus Ave

Year built

1920

Lot size

0.06 AC

Property size (Sq ft)

9,635 SF

Zone code

R8B

Property type

Retail residential properties

APN

01841-0003

APU

18410003

Description

This exceptional mixed-use property, located at 925 Columbus Avenue in Manhattan's coveted Upper West Side (zip code 10025), presents a compelling value-add investment opportunity. The five-story, 9,635 square foot brick building, constructed in 1920 and renovated in 1988, boasts 16 residential units and one commercial unit, offering diverse income streams. The building sits on a 2,542 square foot lot and is zoned R8B, C1-5, with an additional 534 square feet of air rights. Currently priced at $5,995,000 ($622.21 per square foot and $374,687.50 per unit), this property offers significant potential for future appreciation. The commercial unit benefits from a long-term tenant. This is a rare chance to acquire a multifamily asset in a highly desirable neighborhood, just three blocks from Central Park, known for its vibrant culture, diverse dining options, and strong rental demand. The building's solid foundation and established tenancy provide a stable investment base for future growth and potential upgrades. This property is ideal for investors seeking to capitalize on the robust New York City real estate market.

• CAP approach

  CAP return

  Valuation

  6%

  $1,975,262

  6.5%

  $1,823,319

  7%

  $1,693,082

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,951,309

  Geo Method

  $1,951,309

• Alternative Use

  Use

  Valuation

  Residential

  $1,823,319

  Hospitality

  $1,670,150

  Educational

  $1,389,545

  Medical

  $1,437,334

  Retail

  $2,161,515

Location Insight

City

New York

County

New York

State

New York

Latitude

40.7987

Longitude

-73.9629

CBSA code

35620

CBSA name

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

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].