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Central Harlem Multifamily Manhattan $4,000,000
  • 9,516
  • 20
  • 5.65%
    Cap Rate
  • 25'
  • $53,479
Central Harlem Multifamily
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INVICTUS Property Advisors has been retained on an exclusive basis for the sale of a Central Harlem mutlfamily, a five (5) story, multifamily walk-up building, totaling twenty (20) rent stabilized residential units.

Located adjacent to Restaurant Row along Frederick Douglass Blvd from 110th to 124th Streets, the property benefits from a wide range of cultural amenities and some of the City’s finest dining establishments that give the streets of West Harlem a unique dynamism.

In addition, there are several new developments that are either under construction or recently completed that will further transform the immediate area, including, but not limited to: The Vidro Condominiums at 313 West 121st Street, Happy Living's 13-Story, 169-residential unit development at 300 West 122nd Street, the condominium project at 370 West 125th Street and Harlem's future tallest building at 233 West 125th Street (aka the Victoria Theater Redevelopment), which will include 191 rental apartments and a 210-key Renaissance Marriott Hotel.

The property is near Morningside Park, The Columbia University campus, The Columbia University Expansion Project and the 125th Street Commercial Corridor. It is a few blocks away from the A, B, C, & D subway lines on West 125th Street and Saint Nicholas Avenue with access to Midtown Manhattan (i.e. Columbus Circle) in less than 15 minutes.

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