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54-Unit Elevator Building in Central Harlem

$8,400,000

112 West 138th Street, New York, NY 10030

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Last Updated: 07/26/2024

6.01

Cap Rate

505,039

NOI

Details:
Cap Rate:    6.01%
NOI:    $505,039
Building Size:    38,904 sqft
Lot Area:    8,992 sqft
Units:    54
GRM:    7.56
Price Per Sqft:    $216
Price Per Unit:    $155,556
Zoning:    R7-2
Buildable Area:    30,932 sqft
Floors:    6
Highlights:
  • 54-unit multifamily building in Central Harlem, just one block from the desirable Striver’s Row neighborhood
  • Extremely well maintained and professionally managed elevator building
  • Significant upside in preferential rents
  • Additional income provided by laundry machines in basement of the building
  • Conveniently located just three blocks north of the 135th St Station, providing direct access to Midtown via the ‘2’ and ‘3’ trains
  • Benefits from proximity to St. Nicholas Park and The City College of New York
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