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106, 114, 120 W 114th ST

3 Residential Properties Offered at £4,851,190 in New York, NY

Executive Summary

Located in the vibrant heart of South Harlem, NY, this exceptional multifamily real estate offering presents an unmissable investment opportunity. Comprising three beautifully maintained walk-up buildings, the property boasts 52 residential units, combining classic charm with modern amenities. This portfolio stands out for its long-term ownership and recent high-quality renovations, ensuring a turnkey experience for the new owner. Situated conveniently close to the 2 and 3 subway stations, it offers easy access to the city's dynamic lifestyle. Financially, the property is a sound investment, with a gross income of $650,907 and a net operating income of $337,506. Spanning 48,100 SF, it's offered at a competitive asking price of $6,200,000, reflecting a cap rate of 5.4% and a price per unit of approximately $119,231. This is a rare chance to own a piece of South Harlem's legacy.

Property Facts

Price £4,851,190
Price / SF £100.86 / SF
Sale Type Investment
Status Active
Number of Properties 3
Individually For Sale 0
Total Building Size 48,098 SF
Total Land Area 0.29 AC

Properties

Property Name / Address Property Type Size Year Built Individual Price
106 West 114th Street
106 W 114th St, New York, NY 10026
Residential 9,714 SF 1900 -
112-116 W 114th St, New York, NY 10026 Residential 31,020 SF 1900 -
120 W 114th St, New York, NY 10026 Residential 7,364 SF 1900 -
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  • Listing ID: 31694517

  • Date on Market: 03/05/2024

  • Last Updated:

  • Address: 106, 114, 120 W 114th ST, New York, NY

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