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    925 Columbus Ave New York, NY 10025

    Sponsored
    For Sale
    $5,995,000

    16-unit building, prime location, value-add opportunity.

    Property size:
    9,635 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional mixed-use property, located at 925 Columbus Avenue in Manhattan's coveted Upper West Side (zip code 10025), presents a compelling value-add investment opportunity. The five-story, 9,635 square foot brick building, constructed in 1920 and renovated in 1988, boasts 16 residential units and one commercial unit, offering diverse income streams. The building sits on a 2,542 square foot lot and is zoned R8B, C1-5, with an additional 534 square feet of air rights. Currently priced at $5,995,000 ($622.21 per square foot and $374,687.50 per unit), this property offers significant potential for future appreciation. The commercial unit benefits from a long-term tenant. This is a rare chance to acquire a multifamily asset in a highly desirable neighborhood, just three blocks from Central Park, known for its vibrant culture, diverse dining options, and strong rental demand. The building's solid foundation and established tenancy provide a stable investment base for future growth and potential upgrades. This property is ideal for investors seeking to capitalize on the robust New York City real estate market.

    Property Features for 925 Columbus Ave

    General Information

    Property type
    Multifamily properties
    Square Feet
    9,635 SF
    Class
    C

    Building Details

    Year Built/Renovated
    1920/1988
    Buildings
    1
    Stories
    5
    Units
    16

    HighLights

    • 16 residential units
    • 1 commercial unit with long‑term tenant
    • 9,635 square foot building on a 2,542 square foot lot
    • R8B, C1‑5 zoning with 534 square feet of air rights
    • $5,995,000 asking price ($622.21 PSF, $374,687.50 per unit)
    • Prime Upper West Side location, three blocks from Central Park.
    Property Profile Location Intelligence

    Current Use by Public Records

    Adel Wines & Liquors Liquor Store

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Clothing Store Nail Salon Food Market Grocery Store

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

    Location Insight

    • Map
    • Local Demand
    City
    New York
    County
    New York
    State
    New York
    Longitude
    -73.962907
    Latitude
    40.7987096

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    FAQs

    What type of property is this?
    Multifamily property - 16-unit building, prime location, value-add opportunity.
    Where is this multifamily property located?
    The property is located at 925 Columbus Ave New York, NY.
    What is the asking price?
    The asking price for this property is $5,995,000.
    What are key features of this property?
    This property features: 16 residential units; 1 commercial unit with long-term tenant; 9,635 square foot building on a 2,542 square foot lot
    Request Owner's contact information
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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
    925 Columbus Ave New York, NY 10025
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