6425 Broadway

Massey Knakal is pleased to present 6425 Broadway, a 13-story, 48,100sf elevator apartment building, situated in North Riverdale. Built in 1974, this property contains 57 Free Market units and overlooks the sprawling 1,000+ acre Van Cortlandt Park. The unit mix is comprised of 10 studios, 36 one-bedrooms, and 11 two-bedrooms (inclusive of Super’s unit). Features include: parking structure with 15 indoor and 21 outdoor spaces, balconies on the rear units, and wall-through AC units in every apartment. The boiler was replaced in 1997 and has a newer model heat timer. The roof and pointing are in excellent condition as well.

Gross Annual Residential Revenue is $870k with an additional combined $48k derived annually from laundry, garage, and antenna revenues. The average monthly rent is $1,272 and the average rent per room is $371. There are currently 3 vacancies and no program tenants in the property

Located just north of West 256th Street, the BL1, BL2, BL3, and 9 buses run along Broadway providing access to the MTA #1 train at 242nd Street. There is easy access to the Henry Hudson, Major Deegan, and Mosholu Parkway allowing a quick trip to Manhattan or north to Westchester County.

This is an outstanding opportunity to acquire a well-maintained, well tenanted building in North Riverdale.