925 Columbus Ave
Rent-stabilized 16-unit mixed-use walk-up on the Upper West Side, offered at $3,500,000 at a 9.41% cap ($329,197 NOI). The five-story, 9,500 SF building at 925 Columbus Ave features a ground-floor liquor store operating since the 1920s and 16 residential units—four studios per upper floor—with eight currently vacant. All units are individually metered for gas and electricity and include full kitchens and bathrooms.
Built in 1950 and renovated in 1988, the 25-foot-wide building sits on a 2,500 SF lot zoned R8B in Manhattan Valley. The property presents multiple value-add strategies: renovating and leasing the eight vacant apartments, upgrading to individual boilers and water heaters, or combining units to create larger layouts. The zoning also permits converting the second floor to commercial space, enabling an owner-user scenario where a vacant unit serves as office space while the owner occupies another apartment. The location offers immediate access to the A, B, and C subway lines two blocks away at West 103rd Street and Central Park West, with tree-lined streets, restaurants, and retail amenities throughout the neighborhood.
- Eight vacant rent-stabilized units ready for renovation and lease-up
- Ground-floor liquor store with 100+ years of operating history
- Owner-user opportunity: convert second floor to commercial office space
- Direct access to A, B, C subway lines two blocks away
- R8B zoning supports unit combination and value-add strategies
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This 9,500-square-foot, five-story mixed-use walk-up building spans 25 feet in width and contains 16 units, including a ground-floor liquor store that has operated at the property since the 1920s and four studio apartments on each of the upper floors. The residential units are rent-stabilized, with eight currently vacant, and each apartment features a full kitchen, bathroom, and combined living and dining area. The units are individually metered for gas and electricity, while the meters, oil-fired boiler, and water heater are located in the basement. With a reported 9.41% cap rate, the property offers an investment opportunity supported by existing income, along with potential to renovate vacant apartments, install individual boilers and water heaters, or combine units to enhance value. The property also presents an owner-user opportunity, as zoning permits the second floor to be converted into commercial space, allowing a vacant apartment to be used as an office while the owner occupies another available unit. Located in Manhattan Valley on the Upper West Side, the building is surrounded by tree-lined streets, restaurants, and retail amenities, with the A, B, and C subway lines just two blocks away at West 103rd Street and Central Park West, providing convenient access throughout the city.
Transit data provided by Google. Times and distances are estimates.