Listed by Matthews
$895,000
539 W 148th St
Details
APN 1-2080-14
Property Type Multifamily
Sub Type Apartment Building
Square Footage 3,412
Net Rentable (SqFt) 3,300
Units 6
Occupancy 50%
Price per SqFt $262
Broker Co-Op Yes
Class C
Year Built 1920
Buildings 1
Stories 2
Lot Size (SqFt) 2,500
Zoning R6A
Investment Type Value Add
Ownership Private
50% Vacant | Owner-User / Home Conversion | 4,000 SF of Air Rights
Investment highlights
Partial Vacancy: 50% of the units will be delivered vacant at closing
Owner-User Potential: Vacancies present opportunity for an owner user to either occupy a portion of the building or pursue a single family home conversion
Substantial Air Rights: The tax lot measures 25’ x 100’ in R6A zoning, allowing for expansion or disposition of additional 4,082 BSF of development rights
Architecturally Significant Block: The property sits on a desirable residential block surrounded by brownstone townhomes
Tax Protected: Classified tax class 2A, limiting real estate tax increases to a max of 8% per year or 30% over five years
Listing Contacts
Listed by Matthews
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