Value-Add Conversion Opportunity in Central Harlem

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Address: 345 W 123rd St, New York, NY 10027, USA
Created date: May 15, 2024
Date last updated: May 15, 2024

• 3,400 SF SRO building located mid-block on a private tree-lined street on the border of Central and West Harlem
• Building will be delivered vacant, offering significant upside and a variety of potential future uses including a rental building, owner/ user building, or single-family townhouse
• Tax class 2B designation, allowing for capped tax increases (current ‘23/’24 taxes are $5,661)
• Ideal conversion opportunity to Class A units once Certificate of No Harassment is obtained
• Property enjoys proximity to Columbia University, The City College of New York, and Morningside Park
• Conveniently situated near several transportation options such as the ‘A’, ‘C’, ‘B’, and ‘D’ trains at the 125th St Station

Key Property Information

Listing Status: Available
Listing Type: Highest & best offer
Property Types: Apartment Buildings
Price: $1,800,000
No. of Units: 8
Building Size: 3,401 Sq ft
Lot Size: 1,334.00 Sq ft
No. of Stories: 4
Opportunity Zone: No
Price per unit: $225,000
Address: 345 W 123rd St, New York, NY 10027, USA

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