567 W 184th St, New York, NY 10033

Property Description

Welcome to 567 W. 184th Street - a charming, 4,685-gsf, 25-foot-wide gem in the heart of bustling Washington Heights, offered at an attractive $190 psf. With 5 spacious, equally sized, 2-bedroom units, this property presents a unique and affordable opportunity to enter the Manhattan multifamily market and build generational wealth. Built in 1920, this classic, well-maintained multifamily property is the blank canvas of your dreams, awaiting your personal touch! The property is also significantly under-built (current zoning code allows for a building more than twice its current size), creating a host of expansion options for a future owner. The property will be delivered with two vacant, south-facing, rent-stabilized units - which are stacked directly on top of one another and ready for immediate renovation/combination into a spacious, ~1,800-sf owner’s unit. The remaining three, rent-regulated units (two rent-stabilized and one rent-controlled), will be delivered with tenants in place. 567 W.184th Street affords a savvy purchaser the rare opportunity to create a custom home in NYC while also benefiting from a reliable, in-place revenue stream to offset annual operating costs. Equal Housing Opportunity