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115 West 136th Street Manhattan $2,825,000
  • 3,646
    SF
  • 8
    Units
  • 5.11%
    Cap Rate
  • Free Market
    Notes
  • $8,661
    ANNUAL TAX BILL
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115 West 136th Street 115 West 136th Street
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INVESTMENT HIGHLIGHTS

INVICTUS Property Advisors has been retained on an exclusive basis for the sale of 115 West 136th Street, an eight (8) unit free market multifamily building that was just completely gut renovated with units featuring stainless steel appliances, granite counter-tops, dishwashers, microwaves, wall AC units, and ample cabinet and storage space. In addition, building amenities include smart-lock key-less entry, a video intercom system, and a laundry room in the basement. Common areas are outfitted with exposed brick, a new staircase, new doors and a skylight on the top floor as well as a completely upgraded building facade, mechanicals and roof.

The building's strategic location is a block away from the Harlem Hospital Center which is a 272-bed, public teaching hospital affiliated with Columbia University which was founded in 1887. Just around the corner is the Lenox Avenue retail corridor which is home to some of Harlem's most well-known and up-and-coming restaurants. In addition, the asset is a short walk away from The City College of New York and in close proximity to the Columbia University Manhattanville Expansion Project which is a 7 million SF expansion, of which several new buildings in its Phase 1 of construction are already completed and occupied.


The property's unit mix of studios and one-bedrooms are perfect for young professionals, hospital residents and students with parental guarantors seeking out a fully equipped building on a tree-lined townhouse block. Future ownership can benefit from receiving a premium $/NSF rental rate for free market product given the unit count in a building of this size. There is a current certificate of occupancy for eight (8) units that conforms with the layout of the building.


The building is just one (1) block away from the 2 & 3 subway lines at West 135th Street and Lenox Avenue and a 10 minute walk from the B & C subway lines at West 135th Street and Saint Nicholas Avenue.

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