125-131 Seaman Ave - Apartments FOR SALE


New York, NY 10034
$7,700,000 USD
212-660-7717
125-131 Seaman Ave, New York, NY for Sale
$7,700,000 USD
Apartments - FOR SALE
1/1
null | 7.14% Cap Rate

125-131 Seaman Ave
New York, NY 10034


OVERVIEW

CBRE has been retained on an exclusive basis to arrange for the sale of 125 Seaman Avenue. The subject property is a 6-story, 42,108 square foot, 48 unit multifamily property. The building is on the south side of Seaman Avenue between West 204th and 207th Streets. The property boasts 100’ of frontage along Seaman Avenue and is on a 100’ deep lot. There are 48 residential units. The property has tremendous upside with approximately $86,000 of annual preferential rents. Many apartments have been renovated under current ownership. Located on a quiet residential block of Inwood, 125 Seaman Avenue is just blocks away from Inwood Hill Park, Fort Tryon Park and New York Presbyterian Hospital. The area is also home to a variety of bars, restaurants, coffee shops. 125 Seaman Avenue is just two short blocks away from the Inwood-207th Street A Train station and 6 blocks away from the 1 train . The property also benefits from its proximity to the University Heights Metro North Station and the Henry Hudson Parkway, providing a fast commute into Manhattan, New Jersey, Westchester and upstate New York..

FOR SALE DETAILS

PRICE

$7,700,000 USD

PRICE/SF

$191 USD /SF

# OF UNITS

48

PRICE/UNIT

$160,417

CAP RATE

7.14%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Marie Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

6

YEAR BUILT

1928

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.23 AC

LAND SF

10,001 SF

ZONING

R7-2

APN/PARCEL ID

2240-0009

ASK ABOUT THIS PROPERTY

Robert ShapiroCushman & WakefieldMore Info
212-660-7717

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

Robert ShapiroCushman & WakefieldMore Info
212-660-7717

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