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

$2,100,000

225 West 121st Street, New York, NY 10027

Pending
Last Updated: 11/05/2024

5.59

Cap Rate

117,350

NOI

Details:
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
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Offering Memorandum
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