467 West 164th Street

GFI Realty Services LLC is pleased to present the exclusive offering of 467 West 164th Street, a pre-war (5)-story walk-up apartment building comprised of 20 units located in the Washington Heights section of Manhattan. The asset totals 9,975 sf and resides on a 2,645 sf lot. The property was constructed in 1900 and is ideally located on a tree-lined block surrounded by similarly constructed pre-war buildings. The units are configured as ten studios, five (1)-bedroom units and five (2)-bedroom units. Three of the twenty apartments are currently vacant. Ten of the apartments have been renovated. Renovations include high-end stainless steel finishes and appliances, dishwasher, subway tiled bathrooms and hard wood floors. The asset is surrounded by numerous amenities, institutions and attractions. It is conveniently located just a few blocks off of Broadway, a major commercial corridor lined with countless national and local retailers including AT&T, Starbucks, Rite Aid, Chipotle and Gristedes Foods. Columbia University is half an hour away via mass transit and Columbia Medical School is a just a ten minute walk from the property. New York-Presbyterian Hospital is also located in proximity to the builidng. The asset also benefits from being surrounded by several parks and playgrounds including Highbridge Park, J. Hood Wright Park, McKenna Square, Mitchel Square Park, Fort Washington Park, Two Riverside Drives Park and the Hudson River Greenway. The building is easily accessible to the rest of Manhattan via the A & 1 subway lines located just a short walk away. Residents are able to commute to Midtown Manhattan in just half an hour and to Lower Manhattan in less than an hour. Washington Heights is bordered by Harlem to the south, along 155th Street, Inwood to the north along Dyckman Street or Hillside Avenue, the Hudson River to the west, and the Harlem River and Coogan’s Bluff to the east. Washington Heights is known for its cultural diversity and block after block of pre-war apartment buildings that boast larger units than those typically found in the rest of Manhattan. Residents are attracted to this diversity, the larger units as well as the comparatively lower rents versus more prime areas of Manhattan. This acquisition presents a future an investor with the opportunity to acquire a cash flowing pre-war asset in great condition with future upside potential.