13 buildings in up-and-coming Inwood are selling for $62M

The sales offer includes 359 apartments, two retail spots, and a parking lot

A large chunk of buildings in Inwood — 13 to be precise — are being offered up in a single sale, DNAinfo reports. The listing became evident after real estate firm Eastern Consolidated put out a press release this week announcing itself as the exclusive sales agent on the multi-building portfolio, which is asking $62 million.

The company wouldn’t provide the exact addresses of the buildings, but the release says the buildings are all five-story walk-ups, and are located on Sherman Avenue, Vermilyea Avenue, Post Avenue, and Academy Street. All together the buildings have 359 apartments, two retail stores, and a surface parking lot.

It’s not exactly clear what will happen to the existing tenants of the buildings if such a sale goes through, but the listing touts the recent improvements to the existing buildings, and the site’s proximity to Fort Tryon Park, and the 1 and A subway lines.

Parts of Inwood are also being considered for major rezoning efforts as part of Mayor Bill de Blasio's push to bring more affordable housing to the city. A vote on that was delayed this week after local residents voiced their opposition to the plan.

from
http://ny.curbed.com/2016/8/11/12444300/inwood-13-building-sale-62m