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100 E 123rd St
New York, NY 10035
Multifamily Property For Sale
·
12 Units
INVESTMENT HIGHLIGHTS
- Ideal location , close to tranportation
EXECUTIVE SUMMARY
For Sale: Apartment Building with 10 Units in the Heart of Harlem
Discover a prime investment opportunity with this well-maintained apartment building located in the vibrant heart of Harlem. Featuring 10 spacious apartments, this property offers a strong income potential and an impressive cap rate.
Key Highlights:
Prime Location: Situated in the thriving community of Harlem, known for its rich cultural heritage and growing economic development.
Income Potential: Excellent rental income with well-established tenants.
Cap Rate: Attractive cap rate reflecting strong return on investment.
Qualified Opportunity Zone: Take advantage of tax benefits and incentives.
Excellent Transit Access: Just 0.2 miles from 125th Street, with access to the 2, 3, 4, 5, 6, A, B, C, and D trains. Crosstown Bus Service is conveniently located one block away.
For more information or to schedule a viewing, please contact us at your convenience. We’re happy to answer any questions you may have.
Discover a prime investment opportunity with this well-maintained apartment building located in the vibrant heart of Harlem. Featuring 10 spacious apartments, this property offers a strong income potential and an impressive cap rate.
Key Highlights:
Prime Location: Situated in the thriving community of Harlem, known for its rich cultural heritage and growing economic development.
Income Potential: Excellent rental income with well-established tenants.
Cap Rate: Attractive cap rate reflecting strong return on investment.
Qualified Opportunity Zone: Take advantage of tax benefits and incentives.
Excellent Transit Access: Just 0.2 miles from 125th Street, with access to the 2, 3, 4, 5, 6, A, B, C, and D trains. Crosstown Bus Service is conveniently located one block away.
For more information or to schedule a viewing, please contact us at your convenience. We’re happy to answer any questions you may have.
PROPERTY FACTS
| Price Per Unit | $183,333 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.05 AC |
| Cap Rate | 5.64% | Building Size | 6,125 SF |
| Gross Rent Multiplier | 13.01 | Average Occupancy | 100% |
| No. Units | 12 | No. Stories | 4 |
| Property Type | Multifamily | Year Built | 1920 |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Apartment Style | Mid-Rise | ||
| Zoning | M1-4, New York (C1) - Light industrial with offices, hotels, and most retail uses permitted | ||
| Price Per Unit | $183,333 |
| Sale Type | Investment |
| Cap Rate | 5.64% |
| Gross Rent Multiplier | 13.01 |
| No. Units | 12 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | C |
| Lot Size | 0.05 AC |
| Building Size | 6,125 SF |
| Average Occupancy | 100% |
| No. Stories | 4 |
| Year Built | 1920 |
| Opportunity Zone |
Yes |
| Zoning | M1-4, New York (C1) - Light industrial with offices, hotels, and most retail uses permitted |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+1 | 10 | - | 520 |
PROPERTY TAXES
| Parcel Number | 1771-0072 | Improvements Assessment | $150,869 |
| Land Assessment | $131,498 | Total Assessment | $282,367 |
PROPERTY TAXES
Parcel Number
1771-0072
Land Assessment
$131,498
Improvements Assessment
$150,869
Total Assessment
$282,367
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