New York, NY 10453

Property

Ownership: For Sale
Type: Multi-Family
Pets: No Pets Allowed
Lot Size: 0.07 Acres

Financials

Price:$2,299,999
Annual Taxes:$9,892.76
505 Park Ave, New York, NY 10022
Listing Courtesy of Locqube New York, Inc.

Introducing 1845 Andrews Avenue, a newly developed brick five family offering premium modern living and strong investment stability in the fast growing University Heights corridor.

Traditional home featuring brick siding, a gate, and a fenced front yard

Description

Introducing 1845 Andrews Avenue, a newly developed brick five-family offering premium modern living and strong investment stability in the fast-growing University Heights corridor. With approximately $169K in gross income and an estimated $150K NOI, this building delivers a solid 6.3% cap rate, making it an attractive opportunity for savvy investors seeking a high-quality, free-market asset. Inside, each residence showcases custom finishes and thoughtful design, including flint-grey cabinetry, stone breakfast bars, stainless steel appliances, and hardwood flooring throughout. Spacious living rooms flow seamlessly into the kitchens—ideal for entertaining—while well-placed powder rooms offer added convenience. Bedrooms in every unit easily accommodate full furniture sets, creating comfortable, livable spaces. Each unit comes with wall units that provide efficient heating and cooling. This five-family includes: • Two 3-bedroom units, with 1.5 Baths, one with private yard access • Two 1-bedroom units, one with an in-unit washer and dryer and private outdoor space • One 2-bedroom unit Perfectly positioned in Morris Heights/University Heights, the building is moments from playgrounds, supermarkets, restaurants, schools, and multiple transit options (4, B, D trains + Bx3/Bx18/Bx36). With quick access to major roadways and the George Washington Bridge, commuting is efficient and convenient. Building Amenities: • Common Laundry on-site • Storage • Garage parking • Security camera system • Pet-friendly • Tenants pay their own utilities. Whether you're an end user seeking modern comfort or an investor pursuing a newly built, free-market asset with strong income, 1845 Andrews Avenue stands out as a premier offering in University Heights.

Amenities

  • City
  • Dishwasher
  • Electricity Available
  • Gas Oven
  • Gas Range
  • Laundry
  • Microwave
  • Natural Gas Available
  • Quartz/Quartzite Counter Tops
  • Refrigerator
  • Stainless Steel Appliance(s)
  • Storm Window(s)

Long Island MLS

All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. International currency conversions where shown are estimates based on recent exchange rates and are not official asking prices.

All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer.