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Multifamily

314 W 142nd St

314 W 142nd St, New York, NY 10030

Listing Price: $5,750,000

Cap Rate
4.90%
Number of Units
20
Price/Unit
$287,500
Price/Gross SF
$684.52
Gross SF
8,400

Investment Overview

New York Multifamily Team at Marcus & Millichap is pleased to offer the following opportunity, 314 West 142nd Street. The property is located on West 142nd street between Frederick Douglass Blvd and Bradhurst Avenue.  Located in the highly desirable Central Harlem section in Upper Manhattan Steps away from Strivers row, St. Nicholas park, City College, and more. The building sits on 25x100 lot spanning 8,400 square feet. The building consists of 20-units, 18 of which are Free market. The unit make up consists of 10 studio apartments, 9 two-bedroom units & 1 one- bedroom unit. Conveniently located near the 145th street retail corridor, Harlem Hospital, The Madison Avenue Bridge into the Bronx and the B/C/2/3 subway terminals.

Investment Highlights

  • Value-add, Free Market: Rents are currently 20-25% below market and through minimal renovation + utilization of the basement space, a buyer can unlock additional value
  • Renovation Style: All the units have been upgraded with exposed brick walls and open concept fllorplans, making for airy and spacious living.
  • Transportation: Conveniently located minutes from the 145th Street subway station (A/C/B/D) enabling you to be in midtown in 20-25 minutes.

Exclusively Listed By

  • Seth Glasser

    Licensed Associate Real Estate Broker

    (212) 430-5136

    Email Seth

    License(s): NY: 10301209629

    Manhattan

  • Peter Von Der Ahe

    Licensed Associate Real Estate Broker

    (212) 430-5114

    Email Peter

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

    Manhattan

Financing By

Multifamily

314 W 142nd St

Listing Price: $5,750,000

Cap Rate
4.90%
Number of Units
20
Price/Unit
$287,500
Price/Gross SF
$684.52
Gross SF
8,400

Investment Highlights

  • Value-add, Free Market: Rents are currently 20-25% below market and through minimal renovation + utilization of the basement space, a buyer can unlock additional value
  • Renovation Style: All the units have been upgraded with exposed brick walls and open concept fllorplans, making for airy and spacious living.
  • Transportation: Conveniently located minutes from the 145th Street subway station (A/C/B/D) enabling you to be in midtown in 20-25 minutes.

Investment Overview

New York Multifamily Team at Marcus & Millichap is pleased to offer the following opportunity, 314 West 142nd Street. The property is located on West 142nd street between Frederick Douglass Blvd and Bradhurst Avenue.  Located in the highly desirable Central Harlem section in Upper Manhattan Steps away from Strivers row, St. Nicholas park, City College, and more. The building sits on 25x100 lot spanning 8,400 square feet. The building consists of 20-units, 18 of which are Free market. The unit make up consists of 10 studio apartments, 9 two-bedroom units & 1 one- bedroom unit. Conveniently located near the 145th street retail corridor, Harlem Hospital, The Madison Avenue Bridge into the Bronx and the B/C/2/3 subway terminals.

Exclusively Listed By

  • Seth Glasser

    Licensed Associate Real Estate Broker

    (212) 430-5136

    Email Seth

    License(s): NY: 10301209629

    Manhattan

  • Peter Von Der Ahe

    Licensed Associate Real Estate Broker

    (212) 430-5114

    Email Peter

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

    Manhattan

Financing By

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