Property Description

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 ftBuilding Size: 25 ft x 98 ftBuilding square footage: 9,221Electric all separately metered.Central air for all units.Private outdoor for several units.Common roof deck.Zoning: R7-2, C14 StoriesYear Built: 1910Brick/masonry constructionBlock & Lot: 01725-0035Property taxes: $21,312 / AnnualOffered at: $4,800,000Offered also in conjunction with two other Harlem residential buildings with one assumable mortgage - Properties located at 56 East 130th Street and 240 Lenox Avenue.

Property Features