OFF MARKET

567 184th (Building)

New York, New York City, NY

Asking

$1,250,000

BTC

19.511

ETH

408.51

Beds
5
Baths
3
Home Size
4,684 sq. ft.
Year Built
1920
Welcome to 567 W. 184th - a nearly 5,000-sf gem in the heart of vibrant Washington Heights. Boasting 5 spacious, well-maintained apartments, this property presents a unique opportunity to enter the Manhattan multifamily market and build generational wealth. Built in 1920, this stately home sports a classic red brick facade and crenelated roof. The hallways of this 3-story manse reflect the luxurious details of its time with marble stair treads, intricately designed wood banisters, and period tilework throughout - well-preserved details waiting to be restored to their original beauty. Originally designed as a two-family home (census records show Damiano Urso, an Italian immigrant was the landlord and resident in 1929), 567 W. 184th was converted into a 5-unit residence in 1955. Today, this storied building is ready for its next chapter. With one large, vacant unit ready for an immediate reimagination, and several rent-stabilized income-producing units, 567 W. 184th affords a savvy and keen purchaser the rare opportunity to create a custom designed home while also benefiting from a reliable in-place revenue stream to offset monthly operating costs (the listing photos have been virtually renovated and staged to help you envision the potential!) Additionally, because the lot is significantly underbuilt per zoning regulations - current zoning code allows for a building nearly twice its current size, the new owner will always have the option of expanding the current structure or building a brand new one. Located in vibrant and culturally diverse Fort George and in close proximity to Highbridge Park (home to the city's first mountain biking course, a world-class skate park, and pool), Yeshiva University, and the 1-train at W. 181st - this property has it all. The lively and bustling neighborhood offers an abundance of restaurants, cafes, and shops, with all the rest that Manhattan has to offer just a quick subway ride away. A full prospectus is available upon request - please email us directly for the full rent roll and monthly operating expenses. We can't wait to introduce you to this one-of-a-kind property and help you envision your new Manhattan home.

LOADING

Market Area

New York

Agents

Karen Paul

+1 310 910 1722

Michael O'Brien

+1 310 910 1722

Contact Email

[email protected]