3160 Webster Avenue, NY
Residential GP Interest and Retail Condo Fee Simple Interest
Overview
Key Highlights
- Units 61
- Gross SF 79,752
- Year Built 2015
- Tax Abatements 420C & ICAP
Investment Highlights
RESIDENTIAL GP INTEREST SALE:
• Newly constructed elevator building (2017) with 100’ of frontage on Webster Avenue spanning 79,752 gross square feet
• 60-unit Affordable Condominium containing nine (9) studios, 19 one-bedrooms, 22 two-bedrooms, and nine (9) three-bedroom units
• Benefits from a 420C tax exemption expiring in 2049
• Approximately $5.12M worth of assumable financing at a 4.71% rate, expiring in 2049
• Situated in a prime Norwood location with a plethora of local and national retailers and restaurants
RETAIL CONDO FEE SIMPLE SALE:
RETAIL CONDO FEE SIMPLE SALE:
• Newly constructed Commercial Condominium spanning 10,000 usable square feet
• Long-term medical tenant in place until 2038 with three (3), five (5) year renewal options
• Benefits from an ICAP tax abatement expiring in 2043
• Approximately $5.275M worth of assumable financing at a 5.5% rate, expiring in November of 2025
• NNN lease structure
Copyright © 2025 3160 Webster Avenue. All rights reserved. Powered by SharpLaunch