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For Sale | Apartment Buildings , Live Plus Income Buildings , Mixed-Use Investment Buildings Available

4441 Broadway, New York, NY 10040

4441 BROADWAY, NEW YORK, New York, 10040
NEW YORK, NY 10040
United States
Inquire About This Property
Building Size:
20,988 SF
Available Space:
20,988 SF
Sale Price:
4000000 USD
Price Per Unit:
190.59 / USD
Lot Size
5,000 SF
Year Built:
1930
Cushman & Wakefield has been retained on an exclusive basis to arrange for the sale of 4441 Broadway. The property is a six-story, mixed-use (retail and residential) elevator building located on the west side of Broadway between 190th and 192nd Streets in the Washington Heights neighborhood of Northern Manhattan. Properties like 4441 Broadway rarely trade and this offering represents a fantastic opportunity for an investor to enter or expand into the New York City marketplace.

This 50’ wide, ~21,000 square foot building is in an Opportunity Zone, consists of 24 – three-bedroom apartments and 2 occupied retail store fronts.

In addition to the spacious below market residential apartments, the two boutique retail spaces are renting at current market rates thereby offering investors additional stable cash flow with growth potential.

Current ownership has meticulously maintained and improved the property’s condition throughout the years. Substantial capital improvements and reduction of violations have positioned this asset for a low maintenance future with tremendous revenue upside potential.

Current ownership replaced numerous lintels and completed extensive pointing throughout the building’s exterior. The roof, boiler, lobby, and apartments have all been well maintained and renovated.

The property is across the street from the 191st Street 1 train station, two blocks away from the 190th Street A express subway station and i

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