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207-209 W 107th St 2 Multifamily Properties in New York, NY
Investment Highlights
- 74’ of Frontage
- Flexible Unit Layouts
- Short walk to Columbia University
- Strong in-place Cash Flow
- Additional Income Potential Via Repositioning Existing Duplex & Basement Office Space
- Steps from 1 Train
Executive Summary
JLL has been retained on an exclusive basis to arrange for the sale of 207-209 West 107th Street, two adjacent 37.5’ wide 5 story plus basement walk-up buildings. The properties lie on the north side of 107th Street between Amsterdam Avenue and Broadway, a short walk from Columbia University and in the heart of the Upper West Side’s Bloomingdale District.
The buildings combine for 74’ of frontage, 29,310 GSF and 23 apartments of which 4 are Free Market (avg. $8,088/ Month), 6 are Rent Stabilized at Market (avg. $6,369/ Month), 12 are Rent Stabilized (avg. $1,547/Month), and 1 is Rent Controlled ($857/month). Each building consists of two side by side floor-through apartments on floors 1-5, and 2 additional basement units. Additional space has been built out to create one large duplex apartment in each building. The future duplex apartments would be configured as 7 bedrooms with 3 bathrooms and the renovated floor through apartments are configured as 5 bedrooms with 2 bathrooms. The vacant basement apartment (24th Unit), BW in 209 W 107, was previously used as a super’s office and can be combined with a portion of 1W in order to create a new legal apartment. All apartments and common areas are heated via a gas boiler located in the basement.
Features of the buildings include renovated market rate units, minimal loss factor, large layouts, ample light and air, high ceilings and spacious basements that have yet to be fully optimized. Additionally, local barriers to new construction, the property’s central location and proximity to both Columbia University and the 1 train on West 110th Street will continue to drive demand for apartments over the long term. 207-209 West 107th Street represents an excellent opportunity to purchase a multi-family asset in one of New York’s most dynamic neighborhoods.
The buildings combine for 74’ of frontage, 29,310 GSF and 23 apartments of which 4 are Free Market (avg. $8,088/ Month), 6 are Rent Stabilized at Market (avg. $6,369/ Month), 12 are Rent Stabilized (avg. $1,547/Month), and 1 is Rent Controlled ($857/month). Each building consists of two side by side floor-through apartments on floors 1-5, and 2 additional basement units. Additional space has been built out to create one large duplex apartment in each building. The future duplex apartments would be configured as 7 bedrooms with 3 bathrooms and the renovated floor through apartments are configured as 5 bedrooms with 2 bathrooms. The vacant basement apartment (24th Unit), BW in 209 W 107, was previously used as a super’s office and can be combined with a portion of 1W in order to create a new legal apartment. All apartments and common areas are heated via a gas boiler located in the basement.
Features of the buildings include renovated market rate units, minimal loss factor, large layouts, ample light and air, high ceilings and spacious basements that have yet to be fully optimized. Additionally, local barriers to new construction, the property’s central location and proximity to both Columbia University and the 1 train on West 110th Street will continue to drive demand for apartments over the long term. 207-209 West 107th Street represents an excellent opportunity to purchase a multi-family asset in one of New York’s most dynamic neighborhoods.
Property Facts
| Sale Type | Investment | Individually For Sale | 0 |
| Status | Active | Total Building Size | 29,310 SF |
| Number of Properties | 2 | Total Land Area | 0.16 AC |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 2 |
| Individually For Sale | 0 |
| Total Building Size | 29,310 SF |
| Total Land Area | 0.16 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
| 209 W 107th St, New York, NY 10025 | Multifamily | 15,055 SF | 1900 | - |
| 207 W 107th St, New York, NY 10025 | Multifamily | 14,255 SF | 1900 | - |
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Hall Oster -
Teddy Galligan -
Conrad Martin -
Braedon Gait -
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