MultiFamily Property at 560 Audubon Avenue in New York
$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:
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.