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MultiFamily Property at 560 Audubon Avenue in New York

MultiFamily Property at 560 Audubon Avenue in New York
FOR SALE
View more

$9,900,000

560 Audubon Avenue, New York, NY 10040

66,450 SF

Square Feet

$149

PPSF

Property Description

OpenKey is pleased to present the exclusive sale of 560–568 Audubon Avenue, a turnkey 6-story, 92-unit multifamily building situated on an oversized through-block lot in the heart of Washington Heights, Upper Manhattan. The property offers investors a rare combination of institutional scale, significant upside potential, and a premier Northern Manhattan location.

The building spans approximately 66,450 gross square feet on a irregualr lot measuring 233 ft. × 153 ft. an exceptionally large Manhattan footprint that underscores the asset's long-term land value. Built in 1926, the pre-war construction reflects the architectural character of the Audubon Avenue corridor and provides a durable, low-maintenance structural base.

Washington Heights continues to attract significant capital as one of Manhattan's most dynamic rental submarkets, driven by strong organic rent growth, proximity to major medical and academic institutions including NewYork-Presbyterian/Columbia University Irving Medical Center, and excellent transit connectivity via the 1, A, and C subway lines.

For full financial details, rent roll, and offering materials, interested parties are encouraged to visit the property's dedicated listing page:

www.560audubon.com

This offering is being marketed exclusively by OpenKey RE LLC. All inquiries should be directed to the listing brokers.


Property Details

Asset Type

MultiFamily

Zoning

R7-2

Neighborhood

Washington Heights

Submarket

New York

ZIP

10040

Listing Type

sale

Net Operating Income (NOI)

$0

Debt Service Coverage Ratio (DSCR)

0.00x

Cap Rate

0.00%

Cash Flow (Annual)

-$563,173

Cash-on-Cash Return

-22.75%

Monthly Debt Service

$46,931

Annual Debt Service

$563,173

View on Map

Address

560 Audubon Avenue

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New York MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale

No investors found in this market.

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Matthew Fernandez
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Matthew Fernandez

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Matthew Fernandez
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Matthew Fernandez

Founder

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