Ariel Property Advisors is proud to present 48-54 West 138th Street, a package of 11 unsold luxury condominium units located within a recently converted, 6-story elevator building on West 138th Street between Lenox Avenue and 5th Avenue.
Spanning across approximately 4,484 square feet, the offering consists of 11 affordable condominium units. The unit breakdown contains four (4) studios and seven (7) 1-bedrooms. The building boasts numerous amenities, including cardio gym, private basement storage units, bike storage, laundry room, 24- hour security surveillance, live-in super and courtyard space. With past sales of condominium units in the building averaging approximately $1,061 per square foot and condominium sellouts in the area also exceeding $1,000 per square foot, the package provides an ideal opportunity for a strong margin on the individual unit sales.
The property is in close proximity to the Harlem Hospital and NYC Health and Hospitals of Harlem, as well as notable landmarks such as Fred Samuel Playground, historic Striver’s Row, and a variety of retail and dining options along bustling Lenox Avenue and West 135th Street corridor. 48-54 West 138th Street is conveniently located only 3 blocks away from 2 and 3 express trains at the 135th street station, providing easy access to lower Manhattan and the outer boroughs. Nearby condominium buildings include The Rennie, The Alston, The Style, Aurum, Uptown 58 and many others.
48-54 West 138th Street provides investors with the rare opportunity to capitalize on flourishing Northern Manhattan condominium market by acquiring a portfolio of units in a turn-key, centrally located building.