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Multifamily SRO Walkup Building

$ 1,675,000

146 West 127th Street ,

Property Id : 18543
Price: $ 1,675,000
Building Type: Multi-Family Apartment Building
Lot Dimensions: 15.50' x 99.92"
Lot Sq Ft: 1.549'
Zoning: R7-2
Stories: 4
Residential Units: 7
Neighborhood: Central Harlem
Cross Street: Lenox Avenue & Adam Clayton Powell Jr. Blvd.

About this property

ONE Commercial Realty Services has been retained on an exclusive basis for the sale of 146 West 127th Street. The subject property is a walkup SRO building located in the heart of Central Harlem on West 127th Street between Lenox Avenue and Adam Clayton Powell Jr. Blvd. The building is approx. 3,392 SF with seven (7) SRO units. Ownership has filed for the certificate of non-harassment (CNH) and will sell the building subject to receiving the CNH.  The building was recently updated with a new gas boiler, new water heaters and interior renovations. 

The property is located just half a mile away from the City College of NY and Columbia University and is within walking distance from a number of new restaurants and bars on Lenox Avenue. 146 West 127th Street is situated among several planned and recently completed developments along the 125th Street commercial corridor, such as the Victoria Theater transformation  into the Renaissance Hotel by Marriot and the Whole Foods on 125th Street and Lenox Avenue.  The opportunity is perfect for an investor seeking a high yield with units in the building renting well above market rent for Harlem. The brownstone is in close proximity to the 2 and 3 subway line on 125th Street and Lenox Avenue as well as a number of bus routes that canvas the area.

View: 146 West 127th Street Setup


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