Multifamily
314 West 142nd Street
314 W 142nd St, New York, NY 10030
Listing Price: $4,950,000
Investment Overview
Marcus & Millichap is pleased to present 314 West 142nd Street, a predominantly free-market walk-up in the heart of Harlem. Situated between Frederick Douglass Boulevard & Bradhurst Avenue, this asset
is composed of 20 apartments and spans 8,400 square feet.
Professionally owned and operated by the same family for nearly 40 years, this 90% free market property offers investors a rare opportunity to acquire a largely unrestricted rent roll, with 18 of its 20 units unencumbered by rent stabilization. With an average rent of $2,026 per apartment, this asset is composed of a favorable unit-mix of 10 studio, 1 one-bedroom, and 9 two-bedroom apartments.
314 West 142nd Street
Investment Highlights
- 314 West 142nd Street is a 20-unit 5 story walk-up spanning 8,400 SF.
- 90% Free Market | Tax Class: 2B | Zoning; R7-2
- 314 W 142nd Street is ideally located near the City College of New York, St. Nicholas Park, and the 145th Street train station for A,C,B, & D subway lines.
Listing Price: $4,950,000
Investment Highlights
- 314 West 142nd Street is a 20-unit 5 story walk-up spanning 8,400 SF.
- 90% Free Market | Tax Class: 2B | Zoning; R7-2
- 314 W 142nd Street is ideally located near the City College of New York, St. Nicholas Park, and the 145th Street train station for A,C,B, & D subway lines.
Investment Overview
Marcus & Millichap is pleased to present 314 West 142nd Street, a predominantly free-market walk-up in the heart of Harlem. Situated between Frederick Douglass Boulevard & Bradhurst Avenue, this asset is composed of 20 apartments and spans 8,400 square feet. Professionally owned and operated by the same family for nearly 40 years, this 90% free market property offers investors a rare opportunity to acquire a largely unrestricted rent roll, with 18 of its 20 units unencumbered by rent stabilization. With an average rent of $2,026 per apartment, this asset is composed of a favorable unit-mix of 10 studio, 1 one-bedroom, and 9 two-bedroom apartments.
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