Description
Welcome to 867 Riverside Drive, a 7-unit townhouse that's been off the market for nearly 20 years. Inside, you'll find a range of spacious apartments, each filled with natural light thanks to large bay windows that offer stunning views of the neighborhood. The penthouse studio features a private, oversized finished roof deck, perfect for relaxing or entertaining while enjoying the city skyline. The first-floor unit boasts its own private courtyard, creating a serene outdoor space, a rare find in Manhattan. The building is currently configured with a mix of one- and two-bedroom apartments, along with several studio units, all of which are currently occupied and free-market, making it a turnkey investment opportunity.
This townhouse offers an excellent return on investment, with low monthly expenses, including taxes just over $1,200 and owner expenses under $1,500. Whether you're an experienced investor looking to expand your portfolio or a newcomer to the market, this property provides steady rental income and plenty of upside potential. The building is also equipped with unused FAR, adding an extra layer of future development possibilities for the savvy investor.
Located in the heart of Washington Heights, 867 Riverside
Listing courtesy of Serhant ...More >
Property Details
- Multi Family
Amenities
- Building: Green Building
- Interior: Smoke Free
- Patio: Deck, Patio, Terrace
- Attendance: None
- View: Other
- Laundry: In Unit
- Fireplace: Other
- Pets: Building Yes, No
- Basement: Other
For information on 867 RIVERSIDE Drive, # contact:
Founder, Principal Broker
212-388-1115
Founder, Principal Broker
listings@lohorealty.com
212-388-1115
