Multifamily
314 W 142nd St
314 W 142nd St, New York, NY 10030
Listing Price: $5,750,000
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.
314 W 142nd St
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.
Listing Price: $5,750,000
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.
