115 W 136th St - Apartments FOR SALE


New York, NY 10030- Striver's Row
$2,600,000 USD
516-551-1307
115 W 136th St, New York, NY for Sale
$2,600,000 USD
Apartments - FOR SALE
1/6
null | 6.76% Cap Rate

115 W 136th St
New York, NY 10030
Striver's Row


OVERVIEW

Douglas Elliman has been retained on an exclusive basis to arrange the sale of 115 West 136th Street, an eight-unit, free-market multifamily building in Central Harlem that has been taken down to the studs and fully reconstructed. The unit mix — five studios and three one-bedrooms — is well suited to young professionals, hospital staff, and students with guarantors, and supports the premium per-square-foot rents that free-market product of this size commands on a tree-lined townhouse block. The location anchors the offering. The building sits one block from Harlem Hospital Center, a 272-bed public teaching hospital affiliated with Columbia University, and around the corner from the Lenox Avenue retail and restaurant corridor. The City College of New York is a short walk away, and Columbia University’s seven-million-square-foot Manhattanville expansion — with its first phase already complete and occupied — continues to reshape demand in the surrounding submarket.

FOR SALE DETAILS

PRICE

$2,600,000 USD

PRICE/SF

$713 USD /SF

# OF UNITS

8

PRICE/UNIT

$325,000

CAP RATE

6.76%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

4

YEAR BUILT

1910

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.04 AC

LAND SF

1,655 SF

ZONING

R7-2

APN/PARCEL ID

1921-0024

ASK ABOUT THIS PROPERTY

Jon SmilowitzDouglas EllimanMore Info
516-551-1307

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Jon SmilowitzDouglas EllimanMore Info
516-551-1307

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