542 W 147th St - Apartments FOR SALE


New York, NY 10031- Hamilton Heights
$4,800,000 USD
212-589-5118
542 W 147th St, New York, NY for Sale
$4,800,000 USD
Apartments - FOR SALE
1/15
null | Request Cap Rate

542 W 147th St
New York, NY 10031
Hamilton Heights


HIGHLIGHTS

  • 70% Free Market
  • Cash Flowing Asset
  • 1/4 Mile from 1, B, C, and D subway lines
  • Newly Renovated (with stainless steel appliances)
  • Washer & Dryer in unit
  • Proximity to multiple parks

OVERVIEW

Cushman & Wakefield has been retained on an exclusive basis to arrange for the sale of the 16-unit, multifamily building located at 542 West 147th Street. Occupying a premier location in the Hamilton Heights neighborhood of northern Manhattan, this multi-family building offers investors an opportunity to own and operate a cash flowing asset. 542 West 147th Street is a 70% free market residential building that totals ± 12,575 square feet. The building was recently renovated which highlight stainless steel appliances and in unit washer/dryers. This offering is comprised of three 2-bedroom apartments, six 3-bedroom apartments, and seven 3-bedroom apartments. This property is currently being rented at below market levels, allowing prospective buyers the ability to increase rents. Current and future tenants benefit from the building’s close proximity to the Broadway and Amsterdam Avenue retail corridors which includes neighborhood gems such as The Chipped Cup, The Handpulled Noodle, and Harlem Public. There are many other attractions in the surrounding area including The City College of New York, Riverbank State Park, the Hamilton Grange National Monument, and dance Theatre of Harlem. Public transportation is easily accessible via the 1, A, B, C, and D subway lines as well as numerous bus lines that service the area.

FOR SALE DETAILS

PRICE

$4,800,000 USD

PRICE/SF

$382 USD /SF

# OF UNITS

16

PRICE/UNIT

$300,000

CAP RATE

Request Cap Rate

% LEASED

96%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

5

YEAR BUILT

1930

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.09 AC

LAND SF

3,920 SF

ZONING

R7A

APN/PARCEL ID

2078-0057

ASK ABOUT THIS PROPERTY

Bobby CarrozzoCushman & WakefieldMore Info
212-589-5118

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Bobby CarrozzoCushman & WakefieldMore Info
212-589-5118

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