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
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