Listed by Ariel Property Advisors
$15,000,000
233 West 154th Street & 101 Macombs Place
Details
Property Type Multifamily
Sub Type Apartment Building
Square Footage 29,395
Units 29
Cap Rate 6.39%
NOI $958,825
Price per SqFt $510
Year Built 2024
Stories 7
Lot Size (SqFt) 5,473
Zoning R7-2
Investment Type Stabilized
233 West 154th Street, New York, NY 10039
Marketing description
Across the River From Yankee Stadium
Investment highlights
- Completed in 2024, this 7-story boutique elevator building features 29 brand-new residential units, offering an investor a truly turnkey asset with modern mechanicals and zero deferred maintenance
- The building benefits from a 35-year 421a tax abatement in place until 2059, ensuring significantly lower taxes and high predictability, protecting your bottom line for decades
- Designed to attract premium renters, every unit features condo-level finishes and in-unit washer/dryers. Some apartments feature private outdoor space. The building offers tenant amenities including a fully equipped fitness center, a furnished rooftop terrace with city views, a recreation room, secure bike storage, tenant storage lockers, and a virtual doorman
- Strategically positioned in a prime Upper Manhattan location. Tenants enjoy immediate access to the lush greenspace of Jackie Robinson Park, neighborhood dining hotspots, and the Harlem River waterfront
- Highly accessible for commuters, located just blocks from major transit hubs including the 3, A, B, C, and D subway lines, ensuring a rapid and seamless commute into Midtown Manhattan
Listing Contacts
Listed by Ariel Property Advisors
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$958,825.00
$79,902.08/mo
Valuation Metrics
0
DSCR
6.39%
Cap Rate
6.39%
ROI
Map
Zoning
R7-2 ResidentialTwo FamilyGeneral Residence
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