360 W 119th St - Apartments FOR SALE


New York, NY 10026- Central Harlem
$5,500,000 USD
551-272-7144
360 W 119th St, New York, NY for Sale
$5,500,000 USD
Apartments - FOR SALE
1/24
null | Request Cap Rate

360 W 119th St
New York, NY 10026
Central Harlem


HIGHLIGHTS

  • 360 W 119th Street is an exceptionally maintained 14-unit residential building near Morningside Park and public transportation access in Harlem.
  • Common areas redone in 2023 with renovated apartment units featuring sleek high-end appliances, stone countertops, and rich hardwood flooring.
  • Unit mix includes four one-bedroom/one-bathroom and 10 two-bedroom/one-bathroom apartments, all leased at market rate with strong income potential.
  • Surrounded by over 567,000 residents with strong rental demand, as 80% of nearby households rent, supporting ongoing occupancy and income stability.

OVERVIEW

360 W 119th Street presents a rare opportunity to acquire an exceptionally maintained, 14-unit multifamily building in the heart of Harlem. This five-story, mid-rise property is ideally situated between Morningside and Manhattan Avenues, just steps from Morningside Park and convenient public transportation options. The unit mix includes four one-bedroom, one-bathroom apartments and 10 two-bedroom, one-bathroom apartments, most of which have been fully renovated in recent years with high-end appliances, stone countertops, and rich hardwood flooring. The building’s common areas were completely redone in 2023, reflecting ongoing maintenance and upkeep. All units are market rate, offering investors immediate upside in a supply-constrained rental market. Located in a densely populated neighborhood with over 567,000 residents within a 2-mile radius, where 80% of households rent rather than own, 360 W 119th benefits from continued renter demand and limited competition from the for-sale market. This residential property is a prime opportunity for investors seeking long-term growth, reliable cash flow, and stability in a thriving Manhattan submarket.

FOR SALE DETAILS

PRICE

$5,500,000 USD

PRICE/SF

$571 USD /SF

# OF UNITS

14

PRICE/UNIT

$392,857

CAP RATE

Request Cap Rate

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

5

YEAR BUILT

1901

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.06 AC

LAND SF

2,614 SF

ZONING

R7-2, New York (C4)

APN/PARCEL ID

1945-0058

ASK ABOUT THIS PROPERTY

Michelle BlakeKeyah Enterprises, IncMore Info
551-272-7144

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Michelle BlakeKeyah Enterprises, IncMore Info
551-272-7144

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