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32723846
32724221

114 West 137th Street, New York, NY 10030

CK
NY 10401366811
Invictus Property Advisors
JL
NY 10301217049
Invictus Property Advisors
Listed by Invictus Property Advisors
$4,900,000
19 days on market
Updated 18 days ago

114 West 137th Street

Details
APN 1921 / 42
Property Type Multifamily
Square Footage 13,511
Net Rentable (SqFt) 15,895
Units 21
Beds 41
Cap Rate 6.40%
NOI $320,031
Occupancy 100%
Tenancy Multi
Pro-Forma Cap Rate 9%
Pro-Forma NOI $441,134
Price per SqFt $362
Stories 5
Lot Size (SqFt) 4,163
Zoning R7-2
Investment Type Value Add

Multifamily | 6.40% CAP | 21 Units

Marketing description

Invictus Property Advisors has been retained on an exclusive basis for the sale of 114 West 137th Street, a multi-family building located in Upper Manhattan.

The building contains 21 free market apartment units. The building received an Order and Determination Letter from DHCR indicating the free market status of all 21 units. The Order and Determination Letter is available upon request.

Positioned near Harlem's iconic cultural landmarks, as well as a variety of dining and shopping options, this property benefits from high tenant demand in an increasingly sought-after neighborhood. Overall, this asset is ideally suited for investors seeking a stable income-producing property with considerable growth potential in one of New York City's most dynamic areas.

This building is located just feet away from the 135th Street Subway station, servicing the 2 & 3 trains, and 3 blocks away from 135th Street Subway station, servicing the B & C trains.

Investment highlights

  • Free Market Determination Letter
  • The building contains 21 free market apartment units.
  • Positioned near Harlem's iconic cultural landmarks, as well as a variety of dining and shopping options, this property benefits from high tenant demand in an increasingly sought-after neighborhood.
  • This building is located just feet away from the 135th Street Subway station, servicing the 2 & 3 trains, and 3 blocks away from 135th Street Subway station, servicing the B & C trains.

Listing Contacts

CK
NY 10401366811
Invictus Property Advisors
JL
NY 10301217049
Invictus Property Advisors
Listed by Invictus Property Advisors

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$320,031.00
$26,669.25/mo

Valuation Metrics

0
DSCR
6.53%
Cap Rate
6.53%
ROI

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Additional Information

Name
Andrew Levine
License
NY 10491208655
Brokerage
Invictus Property Advisors
Title
Broker of Record
Brokerage Address
222 West 37th Street, 14th Floor, New York, NY 10018
Name
Chase Kirkpatrick
License
10401366811
Brokerage
Invictus Property Advisors
Title
Real Estate Broker
Brokerage Address
222 West 37th Street
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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