21-Unit Multifamily Building in Prime Central Harlem | FOR SALE

225 West 121st Street, New York, NY

$2,100,000

Price

5.59%

Cap Rate

$117,350

NOI

Gallery
Street
Map
Overview
Cap Rate
5.59%
NOI
$117,350
Building Size
20,060 sqft
Lot Area
5,046 sqft
GRM
6.19
Price Per Sqft
$105
Price Per Unit
$100,000
Zoning
R7A
Highlights
  • 21-unit multifamily building situated on prime residential block in Central Harlem
  • Centrally located just a few blocks south of 125th Street’s major retail and transportation hub
  • Fully occupied with low tenant turnover, presenting steady cash flow in a burgeoning neighborhood of Northern Manhattan
  • Separately metered for electric, allowing for reduced operating expenses
  • Benefits from proximity to Columbia University and both Morningside Park and Marcus Garvey Park
  • Enjoys easy access to Midtown via the ‘2’ and ‘3’ trains at the 125th St Station
Documents
Title
Offering Memorandum
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Location
Gallery