42 E 132nd St - Apartments FOR SALE


New York, NY 10037- East Harlem
$3,100,000 USD
212-468-5959
42 E 132nd St, New York, NY for Sale
$3,100,000 USD
Apartments - FOR SALE
1/20
null | 7.4% Cap Rate

42 E 132nd St
New York, NY 10037
East Harlem


OVERVIEW

Built in 2019, 42 East 132nd Street is an eight-story elevator apartment building spanning 14,000 square feet and includes 12 apartments, one ground floor community facility, and a rooftop antenna. The building was constructed under a 25-Year 421a tax abatement (70/30) expiring in 2044, providing investors with generous tax savings during the abatement period. The property is walking distance to Harlem River Park, Marcus Garvey Park, and Harlem Hospital Center (NYC Health + Hospitals Medical Center). Nearby subways include the [2, 3] Trains at 135th Street.

FOR SALE DETAILS

PRICE

$3,100,000 USD

PRICE/SF

$221 USD /SF

# OF UNITS

12

PRICE/UNIT

$258,333

CAP RATE

7.4%

% LEASED

92%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

8

YEAR BUILT

2020

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.06 AC

LAND SF

2,701 SF

ZONING

R7B

APN/PARCEL ID

1756-0048

ASK ABOUT THIS PROPERTY

Amit DoshiMeridian Investment SalesMore Info
212-468-5959

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Amit DoshiMeridian Investment SalesMore Info
212-468-5959

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