Avison Young is engaged by Ownership as exclusive agent to offer for sale 565 West 173rd Street (“Property”) in the Washington Heights neighborhood of Manhattan. The Property is situated on the north side of West 173rd Street between St. Nicholas Avenue and Audubon Avenue. Only a block away from Highbridge Park and close to the High Bridge, the oldest bridge in New York City, 565 West 173rd Street is an exceptional location in an up-and-coming Upper Manhattan neighborhood.
The five-story building encompasses 12,740± square feet across 16 units. The property is comprised of seven free-market units, seven rent-stabilized units and two rent-controlled units. There are also three vacant units, of which one is free market and two are rent-stabilized. The Property has renovated units and no deferred capital projects.
565 West 173rd Street presents an exceptional opportunity for an investor to acquire a property in a lively, emerging neighborhood. Within close proximity to the A, C and 1 subway lines at and nearby Highbridge Park, the Property is extremely well-positioned in Washington Heights.