Description

This attractive luxury style apartment building in the colorful Washington Heights/Inwood neighborhood of Upper Manhattan is an ideal location to settle in at the end of your busy day, with its spacious apartments, extensive updates, and welcoming atmosphere. In addition, a variety of commercial possibilities are available here, with yoga and Tae Kwan Do studios and a day care most recently operating.

Washington Heights/Inwood Neighborhood (Manhattan District 12) Statistics:

Land Area: 2.95 square miles

                                 1990                      2000

Population:          198,192                  208,414
Pop. Density:     67,184/sq. mile     70,649/sq. mile
      ( Change from 1970: 15.4% )

The Roaring Twenties design at 238 Fort Washington is typical of Washington Heights buildings, as much of this section of Manhattan was developed at the beginning of the 20th century by wealthy aristocrats with fine tastes. The neighborhood’s historical preference for the finer things in life can be enjoyed today, as the area continues to be rich with culture, food carts and vendor stands, beautiful architecture, quality restaurants and shops, and community institutions.

Out of the 59 New York Community Districts, District 12 has ranked 9th for population density. The purpose of the six-story building at 238 Fort Washington Avenue is primarily residential, with 41 large apartments filling all of the above-grade levels, and at any given time, typically all units are occupied. Zoned R8 for general residence allows for a large number of dwelling units per acre, with published Department of City Planning data from 2009 stating that mid-rise multi-family residences make up approximately 20% of the developed land, and just 3% consists of commercial/office buildings. Open space and outdoor recreation makes up the majority, with 50% of the community providing this delineation.

The site has great access to major roadways and public transportation, with a bus stop right in front of the building and a subway station just a few blocks north at 175th Street and Fort Washington, which is served by the A Express train. The A and 1 Trains can be accessed just one block away at 168th and Broadway. Passengers riding the subway in this neighborhood increased 8.1% in 2010, with 3,783,719 taking advantage of the constantly operating A train. Interstate 95 and the George Washington Bridge is a half-mile north, providing transportation to an average of 289,329 vehicles per day.

One of the world’s most highly-reputed hospitals is just steps away from this incredible location. Ranked 6th in the nation by U.S. News and World Report, Columbia University Medical Center - a division of the New York-Presbyterian Hospital and winner of at least 16 Nobel Prizes - is situated on a 20-acre area immediately south of this site on Fort Washington Avenue. The New York-Presbyterian Hospital has become the largest private employer in New York City, with a staff of 5,282 at the Columbia University Medical Center alone. In addition, there is a student enrollment of approximately 3,882 and 1,371 degrees were granted in the 2010-2011 school year.

238 Fort Washington Avenue earns a perfect score on walkscore.com and a “Walker’s Paradise” status, with its easy access to public transportation, residential neighborhoods, parks, schools, and goods and services. Nearby are several street vendors, restaurants, delis, grocery stores, coffee shops, pharmacies, clothing, hardware stores, and much more. Several libraries, including the Health Sciences and Brooklyn Public Library, are within walking distance, as well as several parks and playgrounds. For instance, J. Hood Wright Park is just three blocks north and offers approximately 6.7 acres of playing fields, handball, volleyball, and basketball courts, a dog-walking area, and playground. The park has recently undergone a multi-million dollar renovation and reconstruction project, improving its safety, utilitarian, and aesthetic features.

Property Details and Highlights:

• Six-story, mainly residential brick building that is well-maintained and attractive
• Storage lockers available to residents
• Well-maintained common areas; hallways and entrances have class and sophistication
• 41 spacious residential rental units, ranging from 780(+/-) to 1,700(+/-) square feet; one, three, and four bedroom apartments available
• 55,146 square feet total, with part of the 9,500 square foot basement consisting of commercial spaces, storage, laundry room, and superintendent’s living quarters
• 116 feet frontage on Fort Washington Avenue, 95 feet on 170th Street
• Great corner visibilty in an extremely pedestrian-friendly neighborhood
• Adequate non-metered street parking

Since 1996, approximately $250 million has been invested in Upper Manhattan from funds designated by the Upper Manhattan Empowerment Zone Development Corporation (UMEZ), especially in neighborhoods north of 96th Street. Some positive results of this revitalization include:

• Of the $159 million invested north of 96th Street, $70 million has consisted of loans to small businesses
• $89 million in grants toward non-profit organizations
• Efforts toward revitalization projects has created 8,000 jobs for Upper Manhattan communtites

Secure your living or retail space within this rich with culture, pedestrian friendly neighborhood close to major employers, popular destinations, and much more!