106, 114, 120 W 114th ST Multi-Family FOR SALE


New York, NY - Central Harlem
$6,200,000 USD
201-966-5918
, New York, NY for Sale
$6,200,000 USD
Multi-Family - FOR SALE
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106, 114, 120 W 114th ST
New York, NY
Central Harlem


OVERVIEW

Located in the vibrant heart of South Harlem, NY, this exceptional multifamily real estate offering presents an unmissable investment opportunity. Comprising three beautifully maintained walk-up buildings, the property boasts 52 residential units, combining classic charm with modern amenities. This portfolio stands out for its long-term ownership and recent high-quality renovations, ensuring a turnkey experience for the new owner. Situated conveniently close to the 2 and 3 subway stations, it offers easy access to the city's dynamic lifestyle. Financially, the property is a sound investment, with a gross income of $650,907 and a net operating income of $337,506. Spanning 48,100 SF, it's offered at a competitive asking price of $6,200,000, reflecting a cap rate of 5.4% and a price per unit of approximately $119,231. This is a rare chance to own a piece of South Harlem's legacy.

ASK ABOUT THIS PROPERTY

Brian WhelanRIPCO Real EstateMore Info
201-966-5918

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Brian WhelanRIPCO Real EstateMore Info
201-966-5918

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