Property Description
The Isham Street Portfolio presents a compelling investment opportunity in the Inwood neighborhood of Manhattan, New York. This portfolio comprises two multifamily buildings, offering a total of 82 residential units across approximately 63,150 square feet.
Property Details
1. 549 Isham Street
• Size: 36,210 square feet
• Stories: 5
• Units: 50 residential units
• Description: A substantial multifamily building featuring a mix of unit layouts, catering to a diverse tenant base.
2. 573 Isham Street
• Size: 26,940 square feet
• Stories: 5
• Units: 32 residential units
• Description: A well-maintained property complementing 549 Isham Street, contributing to the portfolio’s overall appeal.
Investment Highlights
• Total Units: 82 residential units
• Total Square Footage: 63,150 SF
• Asking Price: $13,800,000
• Stability: High occupancy rates with consistent rental income, providing reliable cash flow for investors.
• Value-Add Potential: Opportunities for unit modernization and operational enhancements to increase rental income and property value.
Location Advantages
• Neighborhood: Inwood is characterized by its rich history, cultural diversity, and abundance of green spaces, including Isham Park and Inwood Hill Park.
• Connectivity: Proximity to major transportation options, including the 207th Street–Inwood subway station (approximately 0.08 miles away) and the Inwood–207th Street station (approximately 0.12 miles away), facilitating easy commutes throughout the city.
• Local Amenities: A variety of dining, shopping, and recreational options are available within walking distance, enhancing tenant satisfaction and demand.
Conclusion
The Isham Street Portfolio offers investors a substantial foothold in a thriving Manhattan neighborhood, with immediate income and significant potential for value appreciation. Its strategic location, combined with the opportunity for property enhancements, makes it an attractive proposition for those seeking to expand their real estate portfolio in New York City.
For More Information
·      • 549 Isham Street: https://www.google.com/maps/search/549+Isham+Street,+New+York,+NY+10034
·      • 573 Isham Street: https://www.google.com/maps/search/573+Isham+Street,+New+York,+NY+10034
About Sam Schertz
Sam Schertz is an Associate Real Estate Broker at Schuckman Realty, specializing in investment property sales across NYC and Long Island. With over a billion dollars in real estate transactions, Sam brings expertise and a commitment to client success. Connect with him on LinkedIn: https://www.linkedin.com/in/sam-schertz-375aaa3a
Property Listing
For more details about the Isham Street Portfolio, visit the listing at:
https://buildout.com/website/Isham-Street-Portfolio-sale
More About Sam Schertz
For more information about Sam Schertz, visit his profile on Schuckman Realty’s website: