925 Columbus AveNew York, NY 10025

For Sale
$5,995,000

16-unit building, prime location, value-add opportunity.

Overview

Added:
Dec 11, 2024
Days on market:
92
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.

Highlights

  • 16 residential units
  • 1 commercial unit with long-term tenant
  • 9,635 square foot building on a 2,542 square foot lot
  • R8B, C1-5 zoning with 534 square feet of air rights
  • $5,995,000 asking price ($622.21 PSF, $374,687.50 per unit)
  • Prime Upper West Side location, three blocks from Central Park.

Property Details for 925 Columbus Ave

Property type
Multifamily properties, Apartment buildings
Square Feet
9,635 SF
Class
C
Year Built/Renovated
1920/1988
Buildings
1
Stories
5
Units
16

Location Insight

City
New York
County
New York
State
New York
Latitude
40.7987096
Longitude
-73.962907
925 Columbus Ave, New York, New York

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925 Columbus Ave
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