INVICTUS Property Advisors successfully sold 521 West 150th Street, a 17' SRO multifamily building located on the north side of West 150th Street between Amsterdam Avenue and Broadway. The property consists of eight (8) units, of which four (4) were occupied and four (4) were vacant at the time of sale.
The property had been upgraded within the prior two years, including a new gas boiler and water heater. The building is serviced by one (1) gas meter and two (2) electrical meters and maintains original architectural details such as early-20th-century woodwork and decorative fireplaces, features that enhance both rental appeal and long-term value.
521 West 150th Street is located near the Broadway retail corridor, which includes national retailers such as McDonald’s, AT&T, GNC, Subway, CityMD, and Rite Aid, as well as popular local establishments including Harlem Public, The Chipped Cup, and The Honey Well. The vacant units offered strong leasing potential, particularly to students, given the property’s proximity to The City College of New York and the Columbia University Expansion Project. Columbia University has committed approximately $160 million in investment to the surrounding Harlem community, further supporting neighborhood growth and property values. The full 17-acre campus is expected to open in 2030, with Phase I already completed.
The property is conveniently located near the 1 subway line at West 145th Street and Broadway, as well as the A, B, C, and D lines at West 147th Street and Saint Nicholas Avenue.
