215 West 109th Street Manhattan $7,000,000

• 14,747
  SF
• 25
  Units
• 5.00%
  Cap Rate
• $475
  PPSF
• $172,725
  ANNUAL TAX BILL

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INVESTMENT HIGHLIGHTS

Invictus Property Advisors is pleased to present the sale of a twenty-six (26) unit multifamily building in the Manhattan Valley submarket of the Upper West Side.

The transaction closed for just under a 5% cap or $475/SF. Nineteen (19) of the units are free market and the sponsor plans on upgrading the asset to stabilize the income stream at a higher yield. The building is blocks away from Columbia University, allowing future ownership to benefit from an entrenched student housing market.

Manhattan Multifamily

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