Cushman & Wakefield has been retained on an exclusive basis to arrange for the sale of 19-unit residential condominium package located at 441 West 151ST Street. Occupying a premier location in the Hamilton Heights neighborhood of northern Manhattan, this bulk condo packages offers investors a truly unique opportunity to capitalize on the upside of the current rents or the potential to sell the condos on an individual basis.
441 West 151ST Street is a 19-unit condominium package that totals roughly 10,800 square feet. This offering is comprised of twelve 1-bedroom apartments, six 2-bedroom apartments (Two duplexes), and one 3-bedroom apartment. This unique package is currently being rented at below market levels, providing ownership with the ability to capitalize on the upside by increasing the net operating income. Alternatively, future ownership can sell the individual condo units separately and capitalize on the increasing sellout values in the neighborhood.
Tenants benefit from the Property’s close proximity to the Broadway and Amsterdam Avenue retail corridors which includes neighborhood gems such as The Chipped Cup, The Handpulled Noodle and Harlem Public. National retail tenants in the area include Payless Shoes, Subway, McDonalds, Taco Bell, GNC, Footlocker and Bank of America. Public transportation is easily accessible via the 1, C and B subway lines as well as numerous bus lines that service the area.
