553-555 West 174th Street #BLDG

13,350 ft²

$479 per ft²

3 rooms

1 bed

0 baths

Rental unit
Washington Heights

reported sale

Sold on 2/4/2015

Not yet verified by closing records

Seller's agents

Andrew DiDomenico

Licensed Real Estate Salesperson

(Legacy) Elegran

Pro

Nick Agostinelli

Licensed Real Estate Salesperson

(Legacy) Elegran

This home has been saved by 4 users.

Report listing

Listing by (Legacy) Elegran, Limited Liability Broker, 1407 Broadway, New York, NY 10018 | Brokerage Listing ID: 55156TH

Common charges

Not applicable

Estimated payment

$78,388/mo

Taxes

$46,026/mo

Tax abatement

No info

About

Seller’s agent

Andrew DiDomenico

Licensed Real Estate Salesperson

(Legacy) Elegran

Nick Agostinelli

Licensed Real Estate Salesperson

(Legacy) Elegran

description

553-555 West 174th is an excellent opportunity for investors in an up and coming neighborhood with tons of future potential!
One tenant carries the lease for all 38 units and is operating a women's shelter with 24/7 security.
Tenant pays all operating expenses (Triple Net Lease) monthly rent is $30,750 with a 1.5% annual escalator.
tenant is currently 4 years into a 15 year lease with an option to terminate at any time with 30 days notice.

Policies

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Home features

No info on home features

Building amenities

Services and facilities

Elevator

Wellness and recreation

No info on wellness and recreation

Shared outdoor space

Roof deck

About the building

553 West 174th Street

553 West 174th Street, New York, NY 10033

Rental building inWashington Heights

38 units

6 stories

1928 built

For sale

0 available units for sale

For rent

0 available units for rent

Documents and permits

View documents and permits

Learn more about 553 West 174th Street

Property history

Price Change: ↓ $1,000,000 (-13.5%) on 8/19/14
Days on market: 209 days

Date	Price	Event
2/5/2015	$6,400,000	Sold by (Legacy) Elegran
2/4/2015	$6,400,000	No longer available
8/19/2014	$6,400,000	Price decreased by 14%
7/10/2014	$7,400,000	Listed by (Legacy) Elegran

Past listing photos

2/5/2015

Explore Washington Heights

Transit

Location	Distance
Aat 175th St	0.24 miles
ACat 168th St–Washington Heights	0.25 miles
AC1at 168th St	0.32 miles
1at 181st St	0.34 miles
Aat 181st St	0.44 miles

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About Washington Heights

Rental prices shown are base rent before any fees. Visit listings for cost and fees breakdown.

SalesMedian asking price

1 bed

$398K

RentalsMedian asking base rent

1 bed

$2,595

Washington Heights is so far uptown that it feels a little removed from the action, which translates into affordable rents and large apartments in predominately prewar buildings. Popular with young professionals and students, the neighborhood is vibrant, thriving, and decidedly down-to-earth. Expansive parks make it a popular place for dog owners. At its core, the neighborhood has always been diverse; throw into the mix plenty of Columbia Med School students in scrubs and off-duty cops, and that will round out the scene at many a happy hour in the Heights.

Learn more about Washington Heights