3160 Webster Avenue, NY
Mixed-Use Affordable Housing Opportunity for 60 Units with Tax Abatement
Overview
Key Highlights
- Price $13,500,000
- Units 61
- Gross SF 79,752
- Year Built 2015
- Tax Abatements 420C & ICAP
Key Facts
• 2017 newly constructed elevator building with 100’ of frontage on Webster Avenue and spans 79,752 gross square feet
• 10,000 SF commercial condominium containing 1 retail unit with a long term medical tenant
• Situated in a prime Norwood location with a plethora of local and national retail and restaurants
• Over $9,000,000 of potentially assumable financing
• Benefits from an ICAP and 420C tax abatement expiring in 2043 and 2049, respectively
• Well-maintained asset with significant value add potential. Please inquire for more details
• Residential affordable condominium with 60 units comprising of 9 studios, 19 one-bedrooms, 22 two-bedrooms, and 9 three-bedrooms
• Convenient proximity to transportation providing quick access to Manhattan and other boroughs with the Metro North (Williamsbridge Station), D train (Norwood 205th Street) & 2/5 train (Gun Hill Road) in walking distance
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