517 West 212th St, 45 Unit Inwood Multifamily – $8,750,000

Berko & Associates closed the multifamily sale of 517 West 212th Street in the Inwood neighborhood of New York for $8,750,000. The property is a 5-story, walk-up building featuring 45 apartments, 39 of which were rent stabilized. The asset presented an incoming investor with short term and long term upside in a thriving neighborhood. The property is located on 212th Street, between Broadway and 10th Avenue in Inwood, just four blocks from the 1 and A subway stops. In close proximity, there are numerous bars/restaurants, Columbia University Baker Athletics Complex, and the Met Cloisters in Fort Tryon Park. Steve Geller, was retained as the exclusive broker on the transaction.