Invictus

5,000
SF
8
Units
$195
PPSF
10.4%
Cap Rate
$13,680
ANNUAL TAX BILL

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INVESTMENT HIGHLIGHTS

Invictus Property Advisors has completed the sale of a 745 Saint Nicholas Avenue, a fully rent-stabilized multifamily building in West Harlem.

The property is an 8-unit mixed-use building consisting of seven rent-stabilized apartments and a ground floor commercial unit, located directly adjacent to a subway entrance servicing the A, B, C, and D lines.

This transaction presented several unique challenges, including non-payment issues and a fully rent-stabilized residential component, requiring a targeted buyer approach. Ultimately, the purchaser was attracted to the low basis opportunity and long-term repositioning potential.

This marks the eighth transaction completed with this buyer and our team here at Invictus. They remain actively focused on acquiring rent-stabilized buildings delivered with vacancies throughout New York City.

Manhattan Multifamily

INVESTMENT HIGHLIGHTS

exclusive agents

Josh Lipton

Andrew Levine

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