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1469 5th AveNew York, NY 10035
1469 Fifth Avenue
Asset ClassMixed Use, Multifamily
# Stories: 6Retail SF: 1,681Year Built: 1921Access Data Room
28 Units & 3 Retail | 23,310 SF
overview of deal

Overview

Built in 1921, 1469 Fifth Avenue is a 6-story walk-up apartment building that has 23,310 SF and includes 28 apartments (3 FM and 25 RS) & 3 stores. Located between East 118th Street and East 119th Street, South Harlem / East Harlem, also known as Spanish Harlem or El Barrio, is a vibrant neighborhood in Upper Manhattan. The area is renowned for its rich Hispanic culture and contributes significantly to Latin music, cuisine, and street art, making it a lively and culturally rich part of the city.

 

Price: $3,850,000

$113,235 PPU | $165 PPSF | 6.2x GRM | 6.4% Cap Rate

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Investment Highlights

  • Prime Fifth Avenue Mixed-Use Opportunity
  • 6-story walkup building with 50' of frontage | 23,310 SF
  • 28 Units (3 FM & 25 RS) & 3 Retail
  • Average Monthly Rent: $1,690

 

 

1469 5th AveNew York, NY 10035
Marcus Garvey Park
Central Park

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