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161A W 129th St - 161A W 129th st 3 Unit Apartment Building Offered at $1,995,000 at a 5.16% Cap Rate New York, NY 10027
Investment Highlights
- Income-Producing Harlem 3-Family with Value-Add Upside
- The building consists of a three bedroom/ two-bathroom duplex on the first floor and lower level, featuring access to a large rear garden
- Approx 3,500 SF of unused air rights, providing the opportunity for a rear extension and/or the addition of another floor
- The subject property is a 19.75-foot-wide, three-story plus lower-level, 3,280 SF three-family townhouse
- A one bedroom/one bathroom apartment on the second floor, and a one-bedroom/one-bathroom apartment on the top floor
- Ideally situated on the north side of West 129th Street between Lenox Avenue and Adam Clayton Powell Jr. Boulevard in Harlem
Executive Summary
Investment Property Realty Group (IPRG) has been exclusively retained to arrange the sale of 161 A West 129th Street. The subject property is a 19.75-foot-wide, three-story plus lower-level, 3,280 SF three-family townhouse. The building consists of a threebedroom/ two-bathroom duplex on the first floor and lower level, featuring access to a large rear garden, a one bedroom/one bathroom apartment on the second floor, and a one-bedroom/one-bathroom apartment on the top floor.
Additionally, the property offers approximately 3,500 SF of unused air rights, providing the opportunity for a rear extension and/or the addition of another floor.
The property is ideally situated on the north side of West 129th Street between Lenox Avenue and Adam Clayton Powell Jr. Boulevard in Harlem. It is conveniently located near the 2 and 3 subway lines at both 125th Street and Lenox Avenue and 135th Street and Lenox Avenue, as well as the A, B, C, and D subway lines at 125th Street and St. Nicholas Avenue.
Additionally, the property offers approximately 3,500 SF of unused air rights, providing the opportunity for a rear extension and/or the addition of another floor.
The property is ideally situated on the north side of West 129th Street between Lenox Avenue and Adam Clayton Powell Jr. Boulevard in Harlem. It is conveniently located near the 2 and 3 subway lines at both 125th Street and Lenox Avenue and 135th Street and Lenox Avenue, as well as the A, B, C, and D subway lines at 125th Street and St. Nicholas Avenue.
Property Facts
| Price | $1,995,000 | Lot Size | 0.05 AC |
| Price Per Unit | $665,000 | Building Size | 3,280 SF |
| Sale Type | Investment | No. Stories | 4 |
| Cap Rate | 5.16% | Year Built/Renovated | 2000/2018 |
| No. Units | 3 | Opportunity Zone |
Yes
|
| Property Type | Multifamily | ||
| Zoning | R7-2 | ||
| Price | $1,995,000 |
| Price Per Unit | $665,000 |
| Sale Type | Investment |
| Cap Rate | 5.16% |
| No. Units | 3 |
| Property Type | Multifamily |
| Lot Size | 0.05 AC |
| Building Size | 3,280 SF |
| No. Stories | 4 |
| Year Built/Renovated | 2000/2018 |
| Opportunity Zone |
Yes |
| Zoning | R7-2 |
Amenities
Unit Amenities
- Cable Ready
- Microwave
- Washer/Dryer
- Heating
- Security System
- Crown Molding
- Kitchen
- Refrigerator
- Stainless Steel Appliances
- Range
- Tub/Shower
- Yard
- Grill
- Basement
- Breakfast Nook
- Garden
- Island Kitchen
- Mud Room
- Pantry
- Smoke Free
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 3+2 | 1 | - | - |
1 1
Exceptionally walkable
100/100
Fairly drivable
40/100
Exceptional public transit
100/100
Very bikeable
80/100
Property Taxes
| Parcel Number | 1914-0008 | Improvements Assessment | $43,017 |
| Land Assessment | $17,407 | Total Assessment | $60,424 |
Property Taxes
Parcel Number
1914-0008
Land Assessment
$17,407
Improvements Assessment
$43,017
Total Assessment
$60,424
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161A W 129th St - 161A W 129th st
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