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422 Saint Nicholas Ave
New York, NY 10027
80% FREE MARKET 10-UNIT MULTIFAMILY BUILDING · Multifamily Property For Sale
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10 Units
Investment Highlights
- 80% Free Market Building | 10 large apartments (8 Free Market, 2 Rent Controlled) - attractive unit mix with value-add potential
- Close Proximity to Retail Hotspots | Within a 6 min walk to the 125th St retail hub with notable tenants such as DSW Shoes, Apollo Theater, & More
- Building Infrastructure | Gas fired boiler for heating and individual meters for electric
- Well-Maintained Building | Roof, boiler and common areas have been replaced and renovated over the past few years
- Convenient Location | Directly across the street from St Nicholas Park, 3 min walk to the 135th subway station, 6 min walk to 125th St Subway
- Building Amenities | Common rear yard, basement laundry, and underutilized basement space for potential tenant storage or additional amenities
Property Facts
| No. Units | 10 | Lot Size | 0.07 AC |
| Property Type | Multifamily | Building Size | 13,326 SF |
| Property Subtype | Apartment | Average Occupancy | 100% |
| Apartment Style | Mid-Rise | No. Stories | 5 |
| Building Class | C | Year Built | 1932 |
| Zoning | R8 - High density residential district | ||
| No. Units | 10 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | C |
| Lot Size | 0.07 AC |
| Building Size | 13,326 SF |
| Average Occupancy | 100% |
| No. Stories | 5 |
| Year Built | 1932 |
| Zoning | R8 - High density residential district |
Amenities
Unit Amenities
- Air Conditioning
- Storage Space
- Heating
- Kitchen
- Refrigerator
- Oven
- Tub/Shower
Site Amenities
- Courtyard
- Laundry Facilities
- Tenant Controlled HVAC
- Smoke Free
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 4+1 | 9 | - | 1,000 |
| 6+2 | 1 | - | 2,000 |
Property Taxes
| Parcel Number | 1958-0059 | Improvements Assessment | $11,754 |
| Land Assessment | $69,817 | Total Assessment | $81,571 |
Property Taxes
Parcel Number
1958-0059
Land Assessment
$69,817
Improvements Assessment
$11,754
Total Assessment
$81,571
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