Skip to main content

Multifamily

220 West 122nd Street

220 W 122nd St, New York, NY 10027

Listing Price: $2,995,000

Cap Rate
5.20%
Number of Units
8
Occupancy
63.0%
Price/Unit
$374,375
Price/Gross SF
$809.46
Gross SF
3,700

Investment Overview

Marcus & Millichap is pleased to offer the following opportunity in Central Harlem. 220 West 122nd Street is located on the south side of West 122nd Street between Frederick Douglass and Adam Clayton Powell Jr Boulevards, and contains a gross square footage of 3,700. The building is built 15 ft X 61 ft on a 15 ft X 100.92 ft lot (Block: 1927 Lot: 43). The property is zoned R7A. -Eight apartments: 6 free market units & 2 rent stabilized units -Turn-key styled building with strong in place cash flow at 5.2% cap rate -Tax class 2B: increases capped at 8% annually or 30% every 5 years -Current ownership has renovated/upgraded the common areas, doors, flooring, windows and units to condo-like finishes -Conveniently located near the 125th Street retail corridor: Whole Foods, Starbucks, Olive Garden, Red ---Rooster, Bed Bath & Beyond, Whole, & Sylvia’s -7-minute walk to the A,C,B,D,2 or 3 subway trains

Investment Highlights

  • 8 Total Units
  • 5.2% Cap Rate
  • 3,700 Total Square Feet

Exclusively Listed By

  • Peter Von Der Ahe

    Licensed Associate Real Estate Broker

    (212) 430-5114

    Email Peter

    License(s): NY: 10301209838, NY: 31VO0942643

    Manhattan

  • Joe Koicim

    Licensed Associate Real Estate Broker

    (212) 430-5147

    Email Joe

    License(s): NY: 10311201039, NY: 10301208718

    Manhattan

  • 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

  • Haley Hasho

    Licensed Real Estate Salesperson

    (212) 430-1423

    Email Haley

    License(s): NY: 10401308354

    Manhattan

Listing Price: $2,995,000

Cap Rate
5.20%
Number of Units
8
Occupancy
63.0%
Price/Unit
$374,375
Price/Gross SF
$809.46
Gross SF
3,700

Investment Highlights

  • 8 Total Units
  • 5.2% Cap Rate
  • 3,700 Total Square Feet

Investment Overview

Marcus & Millichap is pleased to offer the following opportunity in Central Harlem. 220 West 122nd Street is located on the south side of West 122nd Street between Frederick Douglass and Adam Clayton Powell Jr Boulevards, and contains a gross square footage of 3,700. The building is built 15 ft X 61 ft on a 15 ft X 100.92 ft lot (Block: 1927 Lot: 43). The property is zoned R7A. -Eight apartments: 6 free market units & 2 rent stabilized units -Turn-key styled building with strong in place cash flow at 5.2% cap rate -Tax class 2B: increases capped at 8% annually or 30% every 5 years -Current ownership has renovated/upgraded the common areas, doors, flooring, windows and units to condo-like finishes -Conveniently located near the 125th Street retail corridor: Whole Foods, Starbucks, Olive Garden, Red ---Rooster, Bed Bath & Beyond, Whole, & Sylvia’s -7-minute walk to the A,C,B,D,2 or 3 subway trains

Exclusively Listed By

  • Peter Von Der Ahe

    Licensed Associate Real Estate Broker

    (212) 430-5114

    Email Peter

    License(s): NY: 10301209838, NY: 31VO0942643

    Manhattan

  • Joe Koicim

    Licensed Associate Real Estate Broker

    (212) 430-5147

    Email Joe

    License(s): NY: 10311201039, NY: 10301208718

    Manhattan

  • 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

  • Haley Hasho

    Licensed Real Estate Salesperson

    (212) 430-1423

    Email Haley

    License(s): NY: 10401308354

    Manhattan

MM Texture Background
MM Textured Background Lower