201-410-5243
507 W 139th St
New York, NY 10031
Hamilton Heights
HIGHLIGHTS
- 55% of the units are free-market, providing investors with the flexibility to raise rents without regulatory restrictions.
- The investment will trade around a 40% discount to its replacement cost which is also below its $6,865,000 loan basis.
- Potential future rent law reform could substantially enhance the investment’s value by enabling greater rent growth and repositioning opportunities.
- The asset is proximate to the 1, A/C and B/D subway lines allowing tenants affordable and easy access to public transportation.
- Desirable location just a short distance from City College of New York, NYC Health Hospital – Harlem, and the Harlem YMCA.
FOR SALE DETAILS
BUILDING DETAILS
PROPERTY NAME
High-Yield Multifamily Investment with Upside
PROPERTY TYPE
Multi-Family
APARTMENT STYLE
Mid-Rise
PROPERTY SUBTYPE
Apartments
TOTAL BUILDING SIZE
-
STORIES
5
YEAR BUILT
1905
PARKING SPACES
-
LAND DETAILS
LAND ACRES
0.11 AC
LAND SF
5,009 SF
ZONING
R7-2, Manhattan (C1)
APN/PARCEL ID
2071-0025
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201-410-5243
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201-410-5243
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