3160 Webster Avenue, NY

Mixed-Use Affordable Housing Opportunity for 60 Units with Tax Abatement

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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

Location

Our Team

Victor Sozio

Founding Partner
Ariel Property Advisors
212.544.9500 Ext. 12

Daniel Mahfar

Ariel Property Advisors
212.544.9500 Ext. 99

Jason Gold

Ariel Property Advisors
212.544.9500 Ext. 22

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