161A W 129th St - Multi-Family FOR SALE


New York, NY 10027- Central Harlem
$1,995,000 USD
914-424-2314
161A W 129th St, New York, NY for Sale
$1,995,000 USD
Multi-Family - FOR SALE
1/20
null | 5.16% Cap Rate

161A W 129th St
New York, NY 10027
Central Harlem


HIGHLIGHTS

  • Income-Producing Harlem 3-Family with Value-Add Upside
  • The subject property is a 19.75-foot-wide, three-story plus lower-level, 3,280 SF three-family townhouse
  • The building consists of a three bedroom/ two-bathroom duplex on the first floor and lower level, featuring access to a large rear garden
  • A one bedroom/one bathroom apartment on the second floor, and a one-bedroom/one-bathroom apartment on the top floor
  • Approx 3,500 SF of unused air rights, providing the opportunity for a rear extension and/or the addition of another floor
  • Ideally situated on the north side of West 129th Street between Lenox Avenue and Adam Clayton Powell Jr. Boulevard in Harlem

OVERVIEW

Investment Property Realty Group (IPRG) has been exclusively retained to arrange the sale of 161 A West 129th Street. The subject property is a 19.75-foot-wide, three-story plus lower-level, 3,280 SF three-family townhouse. The building consists of a threebedroom/ two-bathroom duplex on the first floor and lower level, featuring access to a large rear garden, a one bedroom/one bathroom apartment on the second floor, and a one-bedroom/one-bathroom apartment on the top floor. Additionally, the property offers approximately 3,500 SF of unused air rights, providing the opportunity for a rear extension and/or the addition of another floor. The property is ideally situated on the north side of West 129th Street between Lenox Avenue and Adam Clayton Powell Jr. Boulevard in Harlem. It is conveniently located near the 2 and 3 subway lines at both 125th Street and Lenox Avenue and 135th Street and Lenox Avenue, as well as the A, B, C, and D subway lines at 125th Street and St. Nicholas Avenue.

FOR SALE DETAILS

PRICE

$1,995,000 USD

PRICE/SF

$608 USD /SF

# OF UNITS

3

PRICE/UNIT

$665,000

CAP RATE

5.16%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

161A W 129th st

PROPERTY TYPE

Multi-Family

TOTAL BUILDING SIZE

-

STORIES

4

YEAR BUILT

2000

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.04 AC

LAND SF

1,960 SF

ZONING

R7-2

APN/PARCEL ID

1914-0008

ASK ABOUT THIS PROPERTY

Robert RappaInvestment Property Realty GroupMore Info
914-424-2314

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Robert RappaInvestment Property Realty GroupMore Info
914-424-2314

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