Multifamily
220 West 122nd St
220 W 122nd St, New York, NY 10027
Listing Price: $2,750,000
Investment Overview
Marcus and Millichap is pleased to offer 220 West 122nd St, located in the lively neighborhood of West Harlem. Spanning 3,792 square feet, this 8-unit property is ideally situated between Frederick Douglass Boulevard and Adam Clayton Powell Jr. Boulevard. 220 West 122nd Street has been meticulously maintained and professionally managed by the same ownership for 7 years. This investment allows future investors to capitalize on the high rents the building currently provides along with the low expenses as a tax-class protected asset. The asset is comprised of 7 free market units providing a value-add opportunity for the investor. The building is conveniently located near 125th Street Subway Station, Marcus Garvey Park, and Morningside Park.?
220 West 122nd St
Investment Highlights
- This 8-unit property is ideally situated between Frederick Douglass Boulevard and Adam Clayton Powell Jr. Boulevard and is composed of 2 studio apartments and 6 one-bedroom apartments?
- The building offers investors a steady annual cash flow. 7 of the 8 units are Free Market providing the investor a value-add opportunity.
- 220 West 122nd Street is well located in close proximity to the 125th Street Subway Station, Marcus Garvey Park, and Morningside Park?
Listing Price: $2,750,000
Investment Highlights
- This 8-unit property is ideally situated between Frederick Douglass Boulevard and Adam Clayton Powell Jr. Boulevard and is composed of 2 studio apartments and 6 one-bedroom apartments?
- The building offers investors a steady annual cash flow. 7 of the 8 units are Free Market providing the investor a value-add opportunity.
- 220 West 122nd Street is well located in close proximity to the 125th Street Subway Station, Marcus Garvey Park, and Morningside Park?
Investment Overview
Marcus and Millichap is pleased to offer 220 West 122nd St, located in the lively neighborhood of West Harlem. Spanning 3,792 square feet, this 8-unit property is ideally situated between Frederick Douglass Boulevard and Adam Clayton Powell Jr. Boulevard. 220 West 122nd Street has been meticulously maintained and professionally managed by the same ownership for 7 years. This investment allows future investors to capitalize on the high rents the building currently provides along with the low expenses as a tax-class protected asset. The asset is comprised of 7 free market units providing a value-add opportunity for the investor. The building is conveniently located near 125th Street Subway Station, Marcus Garvey Park, and Morningside Park.?
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