4925 Broadway
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4925 Broadway
59 Unit Apartment Building For Sale New York, NY 10034
Executive Summary
JLL has been retained on an exclusive basis to arrange for the sale
of 4925 Broadway (aka 616 West 207th Street), a 125’ wide 59-unit
mixed-use property situated at the southwest corner of Broadway
and West 207th Street. The building contains approximately 48,217
gross square feet and is comprised of 49 residential apartments
and 10 stores. This prime corner location boasts more than 200
feet of high-traffic retail frontage offering unparalleled visibility
and access with foot traffic enhanced by the 1.7M annual ridership
of the 207th Street subway station located at Broadway corner.
77% of the residential units have free market leases and consist of
a variety of layouts including 22 one-bedrooms, 18 two-bedroom
and 9 three-bedroom apartments
The commercial component features ten stores along Broadway and
207th Street spanning nearly 7,000 rentable SF of ground floor area
plus basement space. Of these, three are currently between tenants
with the balance occupied by a variety of popular neighborhood
retailers including the newly-leased prime corner to Metro PCS
(T-Mobile), Napa in the Heights Seafood and Wine Bar, and the Capitol
Diner, a long-time neighborhood staple. National credit tenants
situated on the surrounding blocks include TD Bank, Dunkin Donuts,
Citibank, Apple Bank, and McDonalds. The property also benefits
from a rooftop antenna leased to T-Mobile until August 2030.
The property is located in the heart of Inwood, a diverse residential
enclave that has enjoyed significantly increased demand in recent
years from families, students, and young professionals given
its relative affordability and abundance of mass transportation
options. The property is a three-minute walk to Inwood Hill Park
and Isham Park which together span over 200 acres featuring
barbecuing areas, basketball courts, baseball fields, eateries,
handball courts, canoe/kayaking, roller hockey, playgrounds,
marinas, soccer fields, and tennis courts. The property is also just
a 10-minute walk to Columbia University’s Baker Athletic Complex
on the eastern bank of the Hudson River.
4925 Broadway offers tremendous future upside given a rapidly
evolving neighborhood where neighborhood retail traffic is
exceptional and residential demand is far outpacing supply. The
property will be sold on an as-is, where-is basis.
of 4925 Broadway (aka 616 West 207th Street), a 125’ wide 59-unit
mixed-use property situated at the southwest corner of Broadway
and West 207th Street. The building contains approximately 48,217
gross square feet and is comprised of 49 residential apartments
and 10 stores. This prime corner location boasts more than 200
feet of high-traffic retail frontage offering unparalleled visibility
and access with foot traffic enhanced by the 1.7M annual ridership
of the 207th Street subway station located at Broadway corner.
77% of the residential units have free market leases and consist of
a variety of layouts including 22 one-bedrooms, 18 two-bedroom
and 9 three-bedroom apartments
The commercial component features ten stores along Broadway and
207th Street spanning nearly 7,000 rentable SF of ground floor area
plus basement space. Of these, three are currently between tenants
with the balance occupied by a variety of popular neighborhood
retailers including the newly-leased prime corner to Metro PCS
(T-Mobile), Napa in the Heights Seafood and Wine Bar, and the Capitol
Diner, a long-time neighborhood staple. National credit tenants
situated on the surrounding blocks include TD Bank, Dunkin Donuts,
Citibank, Apple Bank, and McDonalds. The property also benefits
from a rooftop antenna leased to T-Mobile until August 2030.
The property is located in the heart of Inwood, a diverse residential
enclave that has enjoyed significantly increased demand in recent
years from families, students, and young professionals given
its relative affordability and abundance of mass transportation
options. The property is a three-minute walk to Inwood Hill Park
and Isham Park which together span over 200 acres featuring
barbecuing areas, basketball courts, baseball fields, eateries,
handball courts, canoe/kayaking, roller hockey, playgrounds,
marinas, soccer fields, and tennis courts. The property is also just
a 10-minute walk to Columbia University’s Baker Athletic Complex
on the eastern bank of the Hudson River.
4925 Broadway offers tremendous future upside given a rapidly
evolving neighborhood where neighborhood retail traffic is
exceptional and residential demand is far outpacing supply. The
property will be sold on an as-is, where-is basis.
Property Facts
| Sale Type | Investment | Building Class | C |
| No. Units | 59 | Lot Size | 0.29 AC |
| Property Type | Multifamily | Building Size | 48,217 SF |
| Property Subtype | Apartment | No. Stories | 5 |
| Apartment Style | Mid Rise | Year Built | 1925 |
| Sale Type | Investment |
| No. Units | 59 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid Rise |
| Building Class | C |
| Lot Size | 0.29 AC |
| Building Size | 48,217 SF |
| No. Stories | 5 |
| Year Built | 1925 |
Unit Amenities
- Heating
- Kitchen
- Oven
- Range
Site Amenities
- Vintage Building
1 of 1
Walk Score®
Walker's Paradise (98)
Transit Score®
Rider's Paradise (98)
Bike Score®
Very Bikeable (72)
PROPERTY TAXES
| Parcel Number | 2241-0024 | Improvements Assessment | $3,469,010 |
| Land Assessment | $236,700 | Total Assessment | $3,705,710 |
PROPERTY TAXES
Parcel Number
2241-0024
Land Assessment
$236,700
Improvements Assessment
$3,469,010
Total Assessment
$3,705,710
zoning
| Zoning Code | R7-2, New York, (C7) (R7 Zoning is considered medium density residential. It is broken into 2 basic zoning districts R7-1 and R7-2.) |
| R7-2, New York, (C7) (R7 Zoning is considered medium density residential. It is broken into 2 basic zoning districts R7-1 and R7-2.) |
Contacts
-
Paul Smadbeck -
Hall Oster -
Clint Olsen -
Teddy Galligan -
Conrad Martin -
Braedon Gait -
JLL
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4925 Broadway
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