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106, 114, 120 W 114th ST 3 Multifamily Properties Offered at $6,200,000 in New York, NY
EXECUTIVE SUMMARY
Located in the vibrant heart of South Harlem, NY, this exceptional multifamily real estate offering presents an unmissable investment opportunity. Comprising three beautifully maintained walk-up buildings, the property boasts 52 residential units, combining classic charm with modern amenities. This portfolio stands out for its long-term ownership and recent high-quality renovations, ensuring a turnkey experience for the new owner. Situated conveniently close to the 2 and 3 subway stations, it offers easy access to the city's dynamic lifestyle. Financially, the property is a sound investment, with a gross income of $650,907 and a net operating income of $337,506. Spanning 48,100 SF, it's offered at a competitive asking price of $6,200,000, reflecting a cap rate of 5.4% and a price per unit of approximately $119,231. This is a rare chance to own a piece of South Harlem's legacy.
PROPERTY FACTS
| Price | $6,200,000 | Number of Properties | 3 |
| Price / SF | $128.90 / SF | Individually For Sale | 0 |
| Sale Type | Investment | Total Building Size | 48,098 SF |
| Status | Active | Total Land Area | 0.29 AC |
| Price | $6,200,000 |
| Price / SF | $128.90 / SF |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 3 |
| Individually For Sale | 0 |
| Total Building Size | 48,098 SF |
| Total Land Area | 0.29 AC |
PROPERTIES
| PROPERTY NAME / ADDRESS | PROPERTY TYPE | SIZE | YEAR BUILT | INDIVIDUAL PRICE |
|---|---|---|---|---|
| 112-116 W 114th St, New York, NY 10026 | Multifamily | 31,020 SF | 1900 | - |
|
106 West 114th Street
106 W 114th St, New York, NY 10026 |
Multifamily | 9,714 SF | 1900 | - |
| 120 W 114th St, New York, NY 10026 | Multifamily | 7,364 SF | 1900 | - |
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106, 114, 120 W 114th ST
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