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364 West 119th Street Manhattan $6,950,000
  • 9,630
    SF
  • $721
    Price/SF
  • 14
    Units
  • 4.91%
    Cap Rate
  • $21,068
    ANNUAL TAX BILL
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364 West 119th Street 364 West 119th Street 364 West 119th Street
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INVESTMENT HIGHLIGHTS

INVICTUS Property Advisors has been retained on an exclusive basis for the sale of 364 West 119th Street, a five (5) story, multifamily walk-up building, totaling fourteen (14) free market, newly renovated residential units on the south side of West 119th Street between Manhattan Avenue and Morningside Avenue. Located adjacent to Restaurant Row along Frederick Douglass Blvd from 110th to 124th Streets, the property benefits from the wide range of cultural amenities and some of the City’s finest dining establishments that give the streets of West Harlem a unique dynamism. The building and all of the units have undergone extensive gut renovations including new floors, bathrooms, kitchens, hallways, upgraded common spaces and brand new mechanicals. The property is near Morningside Park, The Columbia University campus, The Columbia University Expansion Project and the 125th Street Commercial Corridor. The building has a laundry room in the basement, as well as bike storage and a garden in the backyard.

 

The finalized certificate of occupancy allows for additional revenue from accessory and bike storage, utility rooms, as well as from ambulatory diagnostics or treatment health care facilities.

 

The building runs on gas heat and central air conditioning was recently installed as well as 24/7 security camera systems. The property is just steps away from the A, B, C, & D subway lines on West 125th Street and Saint Nicholas Avenue and within close proximity to the many bus routes that service the neighborhood.  Tenants have the benefit of being just 1 subway stop away from Midtown Manhattan (59th Street, Columbus Circle).

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