Residential investment opportunity in a desirable Central Harlem location on Fifth Avenue and 127th Street near several popular restaurants, bars, shops, Morningside and Marcus Garvey Parks and convenient train options. This historic 4-story building offers 9 renovated free-market, 1-4 bed residential units. The building features central air, in-unit laundry and several units with outdoor spaces, a common roof deck and private storage.
This sale is also being offered as a bundle in conjunction with two other Harlem residential buildings with free-market units, all with one blanket mortgage that can be assumed with the right buyer. Inquire for the offering memorandum with further details.
Property Information:
Desirable Central Harlem location on Fifth Avenue and 127th Street near retail, Marcus Garvey Park and transportation options.
Residential building with 9 free-market units:
Units range from 1-beds to 2- and 3-bed, 2-bath layouts.
Lot Size: 25 ft x 100 ft
Building Size: 25 ft x 98 ft
Building square footage: 9,221
Electric all separately metered.
Central air for all units.
Private outdoor for several units.
Common roof deck.
Zoning: R7-2, C1
4 Stories
Year Built: 1910
Brick/masonry construction
Block & Lot: 01725-0035
Property taxes: $21,312 / Annual
Offered at: $4,800,000
Offered also in conjunction with two other Harlem residential buildings with one assumable mortgage - Properties located at 56 East 130th Street and 240 Lenox Avenue.
