925 Columbus Ave New York, NY 10025
- Retail residential properties
- 9,635 SF
- 0.06 lot acres
Current Use by Public Records
- Adel Wines & Liquors / Liquor Store
Property Details for 925 Columbus Ave
- Year built
- 1920
- Lot size
- 0.06 lot acres
- Property size
- 9,635 SF
- Zone code
- R8B
- Property type
- Retail residential properties
- APN
- 01841-0003
- APU
- 18410003
Description
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.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- New York
- County
- New York
- State
- New York
- Longitude
- -73.9629
- Latitude
- 40.7987
- CBSA code
- 35620
- CBSA name
- NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA
