New York Multifamily is pleased to offer 220 West 122nd St, located in the lively neighborhood of West Harlem. Spanning 3,792 square feet, this 8-unit property is ideally situated between Frederick Douglass Boulevard and Adam Clayton Powell Jr. Boulevard. 220 West 122nd Street has been meticulously maintained and professionally managed by the same ownership for 7 years. This investment allows future investors to capitalize on the high rents the building currently provides along with the low expenses as a tax-class protected asset. The asset is comprised of 7 free market units providing a value-add opportunity for the investor. The building is conveniently located near 125th Street Subway Station, Marcus Garvey Park, and Morningside Park. THE OPPORTUNITY • The Building: This 8-unit property is ideally situated between Frederick Douglass Boulevard and Adam Clayton Powell Jr. Boulevard and is composed of 2 studio apartments and 6 one-bedroom apartments • The Metrics: Asking a 7.0% cap rate or 11.73x GRM with a basis of $343,750 per unit • Upside: The building offers investors a steady annual cash flow of $190,032 as is with a projected 13.2% increase in pro-forma cash flow. 7 of the 8 units are Free Market providing the investor a value-add opportunity. • Tax Class 2B: The Building benefits the protected tax class 2B designation which limited your tax increases to 8% per year of 30% over 5 years. • Prime Location: 220 West 122nd Street is well located in close proximity to the 125th Street Subway Station, Marcus Garvey Park, and Morningside Park