112 West 138th Street
- Adjacent to the 2/3 Subway station
- Located amid a wave of new residential and mixed-use projects transforming Central Harlem
- Average In-Place Rents of $1,777, Average Legal Rents of $1,905
- Institutional ownership has upgraded building operating systems
- Thirty (30) one-bedroom units, Nineteen (19) two-bedroom two-bathroom units and Five (5) studio units
- Strong Tenancy - minimal arrears and violation levels
- High Quality Elevator Building with strong cash-flow, well below replacement cost
Property Description
Avison Young, as exclusive agent, is pleased to offer for sale 112 West 138th Street (the “Property”), a well-maintained, 54-unit, elevator multifamily building located on a tree-lined block between Malcolm X Boulevard and Adam Clayton Powell Jr. Boulevard in the heart of Harlem. This exceptionally well-maintained and professionally managed property offers a blend of one- bedroom and two-bedroom apartments, with multiple units featuring recently renovated kitchens and bathrooms. The building also includes on-site laundry facilities for additional income and enhanced tenant convenience.
Broker Details
Avison Young - US - NY - New York (212) 735-8554
Broker Details
Avison Young - US - NY - New York 212 729 1623
Broker Details
Avison Young - US - NY - New York 917 842 6051
Broker Details
Avison Young 212 277 5557
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | Apartment Buildings |
| Price: | $7,500,000 |
| Lot Size: | 38,904.00 Sq ft |
| Opportunity Zone: | No |
| Property Website | Click Here |
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