Property Description for 525 West 158th Street
Invictus Property Advisors has been retained on an exclusive basis for the sale of 525 West 158th Street, a 37-unit, 27,000+ SF multifamily building
located in the Upper Manhattan neighborhood of Washington Heights.
525 West 158th Street is comprised of 37 units, of which, 10 are free market and 27 are rent stabilized. All but one unit is occupied and there
are thirteen 1-beds, nineteen 2-beds, and five 3- beds for a total of 66 bedrooms throughout the building.
A future investor can add value by renovating all the free market units, as well as the vacant rent-controlled apartment, to achieve market rate and
first rent. In addition, new ownership can renovate eight rent stabilized units upon tenant turnover where significant spreads exist between the legal and preferential rents.
This building is also conveniently located two blocks from the 157th Street Station servicing the 1 line and four blocks away from the 163rd Street Station servicing the C line.