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205 E 120th St 3,168 SF 100% Leased Retail Building New York, NY 10035 $2,800,000 ($883.84/SF) 5.73% Cap Rate
Investment Highlights
- High visibility
Executive Summary
Details & Highlights
• 4-Story Walk up building consisting of 4 Apartments & 1 commercial
• 100% Free-Market
• Located in Opportunity Zone
• Underwent major upgrades, including new gas lines, upgraded hallways, and external
improvements
• Each unit features its own separate heating system and hot water tank
• 9,322’ft available Air Rigts
• Well maintained building
• Located in the East Harlem section of Manhattan, near the Silberman School of Social
Work, and surrounded by a wide range of entertainment, shopping, and dining options,
as well as major transportation access, including the RFK Bridge and Harlem River Drive
• Within walking distance to the 116th Street Station ( trains)
• 4-Story Walk up building consisting of 4 Apartments & 1 commercial
• 100% Free-Market
• Located in Opportunity Zone
• Underwent major upgrades, including new gas lines, upgraded hallways, and external
improvements
• Each unit features its own separate heating system and hot water tank
• 9,322’ft available Air Rigts
• Well maintained building
• Located in the East Harlem section of Manhattan, near the Silberman School of Social
Work, and surrounded by a wide range of entertainment, shopping, and dining options,
as well as major transportation access, including the RFK Bridge and Harlem River Drive
• Within walking distance to the 116th Street Station ( trains)
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
3,168 SF
Building Class
C
Year Built
1899
Price
$2,800,000
Price Per SF
$883.84
Cap Rate
5.73%
NOI
$160,425
Percent Leased
100%
Building Height
4 Stories
Building FAR
2.42
Lot Size
0.03 AC
Opportunity Zone
Yes
Zoning
C4-4, New York - Commercial district
Frontage
26’ on 120Th St
Exceptionally walkable
100/100
Fairly drivable
40/100
Exceptional public transit
100/100
Exceptionally bikeable
90/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 1785-0104 | Improvements Assessment | $28,392 |
| Land Assessment | $4,524 | Total Assessment | $32,916 |
Property Taxes
Parcel Number
1785-0104
Land Assessment
$4,524
Improvements Assessment
$28,392
Total Assessment
$32,916
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205 E 120th St
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