320 Saint Nicholas Avenue & 445 West 125th Street

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Address: 320 St Nicholas Ave, New York, NY 10027, USA
Address: 445 W 125th St, New York, NY 10027, USA
Mixed-Use
Created date: September 7, 2023
Date last updated: September 7, 2023

Two Mixed-Use Buildings with 72 Units on Prime Harlem Corridors with Article XI Tax Benefit | FOR SALE

  • Strong cash flow approaching $1.3M in gross income and a going-in cap rate of 6.10%
  • Article XI tax exemption in effect until 2041
  • Combined 78,441 sq. ft. consisting of 69 residential, 3 commercial units and an antenna
  • Future upside can be realized via the 7 free-market apartments and 3 commercial units
  • Well positioned assets with 105’ of combined frontage along bustling West 125th Street and St. Nicholas Avenue corridors
  • Convenient access to transportation via A, C, B, D & 1 subway station located in immediate vicinity of both assets
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Broker Details

Ariel Property Advisors
Ariel Property Advisors Ariel Property Advisors

(212) 544-9500

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Portfolio Key Information

Listing Status: Available
Multifamily type: Mixed-Use
Price: $ 13,500,000
No. of Units: 72
Cap Rate: 6.10%
Opportunity Zone: No
Price per unit: $187,500
Address: 320 St Nicholas Ave, New York, NY 10027, USA
Address: 445 W 125th St, New York, NY 10027, USA

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