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115 W 136th St 8 Unit Apartment Building $2,600,000 ($325,000/Unit) 6.76% Cap Rate New York, NY 10030
Executive Summary
Douglas Elliman has been retained on an exclusive basis to arrange the sale of 115 West 136th Street, an eight-unit, free-market multifamily building in Central Harlem that has been taken down to the studs and fully reconstructed. The unit mix — five studios and three one-bedrooms — is well suited to young professionals, hospital staff, and students with guarantors, and supports the premium per-square-foot rents that free-market product of this size commands on a tree-lined townhouse block.
The location anchors the offering. The building sits one block from Harlem Hospital Center, a 272-bed public teaching hospital affiliated with Columbia University, and around the corner from the Lenox Avenue retail and restaurant corridor. The City College of New York is a short walk away, and Columbia University’s seven-million-square-foot Manhattanville expansion — with its first phase already complete and occupied — continues to reshape demand in the surrounding submarket.
The location anchors the offering. The building sits one block from Harlem Hospital Center, a 272-bed public teaching hospital affiliated with Columbia University, and around the corner from the Lenox Avenue retail and restaurant corridor. The City College of New York is a short walk away, and Columbia University’s seven-million-square-foot Manhattanville expansion — with its first phase already complete and occupied — continues to reshape demand in the surrounding submarket.
Property Facts
| Price | $2,600,000 | Apartment Style | Mid-Rise |
| Price Per Unit | $325,000 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.04 AC |
| Cap Rate | 6.76% | Building Size | 3,646 SF |
| No. Units | 8 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 4 |
| Property Subtype | Apartment | Year Built/Renovated | 1910/2021 |
| Zoning | R7-2 - Medium-density apartment house district with lower parking requirements | ||
| Price | $2,600,000 |
| Price Per Unit | $325,000 |
| Sale Type | Investment |
| Cap Rate | 6.76% |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | C |
| Lot Size | 0.04 AC |
| Building Size | 3,646 SF |
| Average Occupancy | 100% |
| No. Stories | 4 |
| Year Built/Renovated | 1910/2021 |
| Zoning | R7-2 - Medium-density apartment house district with lower parking requirements |
Amenities
Site Amenities
- Laundry Facilities
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 5 | - | - |
| 1+1 | 3 | - | - |
1 1
Exceptionally walkable
100/100
Fairly drivable
40/100
Exceptional public transit
100/100
Very bikeable
80/100
Property Taxes
| Parcel Number | 1921-0024 | Improvements Assessment | $35,236 |
| Land Assessment | $14,155 | Total Assessment | $49,391 |
Property Taxes
Parcel Number
1921-0024
Land Assessment
$14,155
Improvements Assessment
$35,236
Total Assessment
$49,391
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115 W 136th St