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521 West 150th Street Manhattan $1,250,000
  • 3,772
    SF
  • $331
    Price/SF
  • 8 SRO
    Units
  • $156,250
    PPU
  • $14,229
    ANNUAL TAX BILL
521 West 150th Street
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INVESTMENT HIGHLIGHTS

INVICTUS Property Advisors has been retained on an exclusive basis for the sale of 521 West 150th Street, a 17' SRO multifamily building located on the north side of West 150th Street between Amsterdam Avenue & Broadway.  The property consists of eight (8) units, of which four (4) are occupied and four (4) are vacant.

 

The property was upgraded in the last two years with a new gas boiler and water heater.  There is one (1) gas meter and two (2) electrical meters.  The property also maintains original details such as wood-work from the early 20th Century and charming, decorative fireplaces that would garner a premium for both renters and home-buyers alike.

 

The building is in close proximity to the Broadway retail corridor, including both national retailers such as McDonald's, AT&T, GNC, Subway, CityMD, Rite Aid, and beloved local eateries including Harlem Public, The Chipped Cup, and The Honey Well. The vacant units can be easily be rented to students as The City College of NY and the Columbia University Expansion Project are in close proximity.  Columbia University has also reached agreements with the City and State to invest approximately $160mm back into the Harlem community, further enhancing property values in the area.  The entire 17-acre campus is set to open in 2030 with Phase I already completed.

 

The property is in close proximity to the 1 subway line at West 145th Street and Broadway, as well as the A, B, C & D subway lines at West 147th Street and Saint Nicholas Avenue.

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