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48-Unit Mixed-Use Building Neighboring Columbia University

$10,000,000

545 West 125th Street, New York, NY 10027

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Last Updated: 07/22/2026

535,910

NOI

8.72

Pro Forma Cap Rate

Details:
NOI:    $535,910
Pro Forma Cap Rate :    8.72%
Building Size:    29,436 sqft
Lot Area:    6,800 sqft
Units:    48
Price Per Sqft:    $340
Price Per Unit:    $208,333
Zoning:    R7A/C2-4, 125th
Floors:    6
Highlights:
  • Strategically situated on the north side of West 125th Street, perfectly positioned between Amsterdam Avenue and Broadway
  • 48-unit, mixed-use building featuring 17 free-market units, 27 rent-stabilized units, and 4 commercial spaces
  • This asset offers a diverse residential mix consisting of 14 one-bedroom, 17 two-bedroom, 12 three-bedroom, and 1 four-bedroom units
  • Free-market units account for 40% of the property's total rental income
  • Generating approximately $1,100,000 in gross annual income, the property presents a compelling value-add opportunity through unit renovations, market rent appreciation, and vacancy reduction
  • Excellent proximity to Columbia University supports sustained student housing demand while benefiting from continued neighborhood transformation and market rent appreciation
  • Expansion of Columbia's Business School, coupled with reduced graduate housing and the phase-out of rent-regulated student units, is expected to drive demand for nearby off-campus apartments
  • Located one block from the 1 subway line and only three blocks from the A, B, C, and D express lines
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