152-154 Sherman Ave
New York, NY 10034
Multifamily Property For Sale
·
42 Units
Property Facts
| No. Units | 42 | Lot Size | 0.17 AC |
| Property Type | Multifamily | Building Size | 23,700 SF |
| Property Subtype | Apartment | Average Occupancy | 100% |
| Apartment Style | Mid-Rise | No. Stories | 5 |
| Building Class | C | Year Built | 1916 |
| Zoning | R7-2 (C1) - R7 Zoning is considered medium density residential. It is broken into 2 basic zoning districts R7-1 and R7-2. | ||
| No. Units | 42 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | C |
| Lot Size | 0.17 AC |
| Building Size | 23,700 SF |
| Average Occupancy | 100% |
| No. Stories | 5 |
| Year Built | 1916 |
| Zoning | R7-2 (C1) - R7 Zoning is considered medium density residential. It is broken into 2 basic zoning districts R7-1 and R7-2. |
Amenities
Unit Amenities
- Heating
- Kitchen
- Range
About 152-154 SHERMAN AVE , NEW YORK, NY 10034
Meridian Investment Sales is pleased to present exclusively for sale 152 Sherman Avenue, a recently refurbished prewar walk-up apartment building containing 23,700 square feet in the flourishing Upper Manhattan neighborhood of Inwood. The well maintained building features a total of 40 apartments consisting of 8 studios, 19 one-bedroom units, and 13 twobedroom units. With average monthly rents of approximately $1,500 and an array of unit sizes, the property offers secure and durable income just steps from local parks and public transportation. Additionally, the property offers tremendous future upside as the building possesses over $146,000 of annual preferential rents. Containing a total of 125 rooms, 152 Sherman Avenue is currently 97% rent stabilized. Current ownership has substantially improved the property in recent years including significant façade improvements, roof renovations, and boiler enhancements. Complementing the renovations, a significant amount of the building’s units have recently undergone renovations, increasing the property's desirability in an ever-growing area.
Property Taxes
| Parcel Number | 2225-0038 | Improvements Assessment | $916,650 |
| Land Assessment | $80,100 | Total Assessment | $996,750 |
Property Taxes
