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Three-Story Multi-Unit Residential Income
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16 Washington Terrace, New York, NY 10033

Three fully occupied, full-floor two-bedroom units in a three-story residential investment property.

Property Size2,040 SF
Days on Market132

Property Features for 16 Washington Terrace

General Information

Standard status Active
Size 2,040 SF
Property subtype Multifamily
Occupancy 100%

Additional Details

Multifamily Units 3

Building Details

Stories 3
Tenancy Multi
Listing Agency: RIPCO Real Estate
Listed By: Brian Whelan · License #NY 10401277435
Source: Crexi
Added: Apr 11 Changed: Aug 8 Last Checked: Jul 21 at 6:13AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of RIPCO Real Estate

Investment Insights

Based on property information with market context.

16 Washington Terrace is a three-story, 2,040-square-foot residential income property containing three full-floor two-bedroom units. The units are fully occupied, and the building includes approximately 1,774 square feet of available air rights.

The property is described as being within proximity to MTA transportation hubs on W 181st Street for the A, C and 1 trains. Public remarks also note the property is located across the street from Yeshiva University in the Fort George area of Washington Heights.

As offered, the asset is configured as three separate residential units and is positioned for ownership with the benefit of available air rights.

Key Highlights

  • Three‑story investment property with 3 fully occupied, full‑floor 2‑bedroom residential units
  • 2,040 SF building total with three units; all units are fully occupied
  • Approximately 1,774 SF of available air rights

Property Analytics

Current Use

Triplexes

Suggested Use

Top Pick Law Firm Real Estate Agency Electrical Service Gym & Fitness Center Big Box & Wholesale Store Kitchen & Bath Showroom

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

3
Residential units
100%
Occupancy
Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

5,125
Businesses Nearby

Demographics for 10033, NY

50,085
Population
21,338
Households
2.3
Avg Household Size
39
Median Age
41%
College-Educated
77%
High-School Grad
0.6 sq mi
ZIP Area
83,475
Density / Sq Mi
$75,585
Median Household Income
$41,655
Median Earnings
$1,742
Median Rent
$709,100
Median Home Value

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025
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Frequently Asked Questions

What type of property is this?
Triplex - Three fully occupied, full-floor two-bedroom units in a three-story residential investment property.
Where is this triplex located?
The property is located at 16 Washington Terrace New York, NY.
What are key features of this property?
This property features: Three‑story investment property with 3 fully occupied, full‑floor 2‑bedroom residential units; 2,040 SF building total with three units; all units are fully occupied; Approximately 1,774 SF of available air rights
(212) 776-1206 Call to check price and availability
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