114 W 137th St - Apartments FOR SALE


New York, NY 10030- Striver's Row
$4,900,000 USD
212-596-7570
114 W 137th St, New York, NY for Sale
$4,900,000 USD
Apartments - FOR SALE
1/4
null | 6.4% Cap Rate

114 W 137th St
New York, NY 10030
Striver's Row


HIGHLIGHTS

  • 100% Free Market with Order & Determination Letter
  • Upside in Residential Rents
  • Low Price Per Square Foot, Attractive Cap Rate

OVERVIEW

114 West 137th Street is a 21-unit free market multifamily building located in the heart of Harlem, Manhattan. The property has received a DHCR Order & Determination Letter confirming the free market status of all 21 apartment units. The building contains approximately 15,895 gross square feet and benefits from strong in-place cash flow with significant long-term upside potential. The property is ideally positioned near the 135th Street subway stations servicing the 2, 3, B, and C trains, providing excellent accessibility throughout Manhattan. The asset is located in a rapidly evolving Upper Manhattan neighborhood surrounded by strong dining, retail, and cultural amenities. The offering presents investors with the opportunity to acquire a stabilized multifamily asset at an attractive going-in cap rate with future rental growth potential in one of Manhattan’s most dynamic rental markets.

FOR SALE DETAILS

PRICE

$4,900,000 USD

PRICE/SF

$299 USD /SF

# OF UNITS

21

PRICE/UNIT

$233,333

CAP RATE

6.4%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Fully Free Market with Order & Determination

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

5

YEAR BUILT

1910

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.1 AC

LAND SF

4,182 SF

ZONING

R7-2, New York, (C4)

APN/PARCEL ID

1921-0042

ASK ABOUT THIS PROPERTY

Andrew LevineInvictus Property AdvisorsMore Info
212-596-7570

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Andrew LevineInvictus Property AdvisorsMore Info
212-596-7570

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.