Listed by Lee & Associates - New York
$6,500,000
188 St Nicholas Avenue
Details
Property Type Multifamily
Sub Type Apartment Building
Square Footage 64,058
Units 42
Year Built 1920
Buildings 1
Stories 7
Multifamily | 42 Units
Marketing description
Lee & Associates is pleased to present the sale for the multifamily building located at 188 Saint Nicholas Avenue (“the Property). Located on the corner of St. Nicholas Avenue and West 120th Street, the building consists of 42 residential units. Of the 42 units, approximately 33% are free market with the remaining 67% subject to rent regulation. The Property represents the opportunity to acquire a stable cashflowing asset with upside potential in the short term through unit renovations and long-term rental appreciation for larger units in the Harlem market.
Location Description
Corner of St. Nicholas Avenue and West 120th Street
Investment highlights
- Corner elevator building allows for fantastic light and air throughout
- 5 blocks from the retail epicenter of harlem at 125th street
- Value-add potential through renovation of free market units and existing vacancy in the
- Building
Listing Contacts
Listed by Lee & Associates - New York
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