314 West 142nd Street — Sale in New York, NY

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Multifamily Property
  • Location: New York, NY 10030

Photos

314 West 142nd Street — Sale in New York, NY, photo 1 of 2
314 West 142nd Street — Sale in New York, NY, photo 2 of 2

Investment Figures

Cap rate
6.90%

Derived from the asking price and operating figures published for this listing. Informational only — not an appraisal, valuation or financial advice. Verify independently before relying on any figure.

Description

Marcus & Millichap is pleased to present 314 West 142nd Street, a predominantly free-market walk-up in the heart of Harlem. Situated between Frederick Douglass Boulevard & Bradhurst Avenue, this asset is composed of 20 apartments and spans 8,400 square feet. Professionally owned and operated by the same family for nearly 40 years, this 90% free market property offers investors a rare opportunity to acquire a largely unrestricted rent roll, with 18 of its 20 units unencumbered by rent stabilization. With an average rent of $2,026 per apartment, this asset is composed of a favorable unit-mix of 10 studio, 1 one-bedroom, and 9 two-bedroom apartments. Investment Highlights: • 314 West 142nd Street is a 20-unit 5 story walk-up spanning 8,400 SF. • 90% Free Market | Tax Class: 2B | Zoning; R7-2 • 314 W 142nd Street is ideally located near the City College of New York, St. Nicholas Park, and the 145th Street train station for A,C,B, & D subway lines.

Market Context

This multifamily in New York, NY is listed for sale. It is offered at an approximate 6.9% capitalization rate, a key benchmark for income-producing multifamily assets. Compare it against other multifamily listings for sale in New York, NY — view the full market.

Contact

Explore this market

Similar Multifamily Property for Sale in New York, NY