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    57 Wanser Ave Inwood, NY 11096

    For Sale
    $3,990,000

    13-unit apartment complex with large garage

    Property size:
    9,595 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    315
    This exceptional Inwood, NY investment property presents a rare opportunity to acquire a substantial multifamily portfolio. The offering encompasses two parcels totaling 0.32 acres, featuring thirteen residential apartments, providing immediate rental income potential. The property also boasts a multi-car garage, ideal for tenant parking or additional revenue generation, and a sizable garage/warehouse building offering significant versatility. This expansive structure could be repurposed for various commercial uses, expanding the property's income streams or providing valuable storage space. The 9,595 square foot property is situated in the heart of Inwood, a vibrant and rapidly developing neighborhood, offering convenient access to local amenities, transportation, and a strong rental market. The unique combination of residential units, ample parking, and substantial warehouse space makes this a truly one-of-a-kind investment opportunity with considerable upside potential. The property is priced at $3,990,000, representing a compelling value proposition for discerning investors seeking a high-yield, multi-faceted asset in a prime location. This is an exceptional chance to acquire a significant portfolio in a thriving New York City neighborhood. Serious inquiries only.

    Property Features for 57 Wanser Ave

    General Information

    Property type
    Other commercial real estate
    Square Feet
    9,595 SF
    Lot Size
    13,939 SF

    Building Details

    Year Built
    1920
    Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Inwood
    County
    Nassau County
    State
    New York
    Longitude
    -73.74022
    Latitude
    40.61615

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    FAQs

    What type of property is this?
    Commercial real estate - 13-unit apartment complex with large garage
    Where is this commercial real estate located?
    The property is located at 57 Wanser Ave Inwood, NY.
    What is the asking price?
    The asking price for this property is $3,990,000.
    (516) 775-0043
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    Inwood, NY 11096
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    57 Wanser Ave Inwood, NY 11096
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