Mixed-Use

2192-2196 Frederick Douglass Blvd.

2192-2196 Frederick Douglass Blvd, New York, NY 10026

Listing Price: $13,750,000

Cap Rate
5.69%
Number of Units
36
Occupancy
70.0%
Price/Unit
$381,944
Price/Gross SF
$403.36
Gross SF
34,089

Investment Overview

Marcus & Millichap is pleased to offer the following opportunity in Harlem. 2192, 2194 & 2196 Frederick Douglass Boulevard are three contiguous buildings located near the corner of 119th Street & Frederick Douglass Boulevard and contains a gross square footage of 34,089.

Investment Highlights

  • Three contiguous buildings including two elevators and one walkup, featuring 34 apartments and two commercial spaces.
  • Offered at a 5.69% cap rate with strong in place cash flow at 11.69X gross current rents
  • Located within five blocks from "A", "B", "C", "D", "2" and "3". A short walk from Columbia University and Morningside Park.
  • 94% of the apartments are free market with recent renovations.
  • Unused lobby space (2192/2196) of approx. 2,000 SF can be used for future valet/packing delivery room.
  • Free from new LL97 compliance costs per separate tax lots.

Exclusively Listed By

  • Shaun Riney

    Licensed Associate Real Estate Broker

    (718) 475-4369

    Email Shaun

    License(s): NY: 10301215754

    Brooklyn

  • Seth Glasser

    Licensed Associate Real Estate Broker

    (212) 430-5136

    Email Seth

    License(s): NY: 10301209629

    Manhattan

  • Jacob Kahn

    Licensed Associate Real Estate Broker

    (212) 430-6155

    Email Jacob

    License(s): NY: 10301218690, NY: 10311208892

    Manhattan

  • Mark Zarrella

    Licensed Real Estate Salesperson

    (718) 475-4376

    Email Mark

    License(s): NY: 10401256380

    Brooklyn

  • Haley Hasho

    Licensed Real Estate Salesperson

    Email Haley

    License(s): NY: 10401308354

    Manhattan

Listing Price: $13,750,000

Cap Rate
5.69%
Number of Units
36
Occupancy
70.0%
Price/Unit
$381,944
Price/Gross SF
$403.36
Gross SF
34,089

Investment Highlights

  • Three contiguous buildings including two elevators and one walkup, featuring 34 apartments and two commercial spaces.
  • Offered at a 5.69% cap rate with strong in place cash flow at 11.69X gross current rents
  • Located within five blocks from "A", "B", "C", "D", "2" and "3". A short walk from Columbia University and Morningside Park.
  • 94% of the apartments are free market with recent renovations.
  • Unused lobby space (2192/2196) of approx. 2,000 SF can be used for future valet/packing delivery room.
  • Free from new LL97 compliance costs per separate tax lots.

Investment Overview

Marcus & Millichap is pleased to offer the following opportunity in Harlem. 2192, 2194 & 2196 Frederick Douglass Boulevard are three contiguous buildings located near the corner of 119th Street & Frederick Douglass Boulevard and contains a gross square footage of 34,089.

Exclusively Listed By

  • Shaun Riney

    Licensed Associate Real Estate Broker

    (718) 475-4369

    Email Shaun

    License(s): NY: 10301215754

    Brooklyn

  • Seth Glasser

    Licensed Associate Real Estate Broker

    (212) 430-5136

    Email Seth

    License(s): NY: 10301209629

    Manhattan

  • Jacob Kahn

    Licensed Associate Real Estate Broker

    (212) 430-6155

    Email Jacob

    License(s): NY: 10301218690, NY: 10311208892

    Manhattan

  • Mark Zarrella

    Licensed Real Estate Salesperson

    (718) 475-4376

    Email Mark

    License(s): NY: 10401256380

    Brooklyn

  • Haley Hasho

    Licensed Real Estate Salesperson

    Email Haley

    License(s): NY: 10401308354

    Manhattan

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