Prewar Mixed-Use Assets Up for Sale in Washington Heights
GFI Realty Services has been named the sales agent for 1520-1526 St. Nicholas Ave., two prewar mixed-use buildings in northern Manhattan’s Washington Heights section. Pricing is targeted at $16.25 million.
Senior managing director Matt Sparks will oversee marketing of the properties. “The assets are very well-located stable cashing flowing investments,” he said. “1520-1526 St. Nicholas Ave., two mixed-use retail and residential buildings, benefit from being located on a thriving retail corridor with desirable access to public transportation to the north and south.”
The two adjacent five-story mixed-use assets total 42 apartments and six retail spaces with approximately 39,832 square-feet. The properties have undergone significant capital improvements, as well as individual apartment improvements
Additionally, 1520-1526 St Nicholas is close to the George Washington Bridge, the newly- refurbished Uptown Bus Terminal, Yeshiva University, High Bridge Park and Fort Washington Park, along with the 1 and A Subway lines.
For comments, questions or concerns, please contact Paul Bubny
Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 15-20 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces.
Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications.
Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).