222 138Th St, New York, NY 10030
7 Unit Apartment Building | $2,500,000 ($357,143/Unit) | 4% Cap Rate | New York, NY 10030
For Sale
Active
Asking Price $2,500,000
- Property Type
-
Multifamily
- Square Feet
- 4,803 SF
Listing Contacts
Property Overview
Jarrod Whitaker and JAC Capital Group LLC are co-exclusively marketing for sale 222 West 138th Street a fully occupied, 7-unit multifamily building. The 20-foot wide Georgian-style townhouse is ideally located in Striver's Row, a renowned block, frequently referred to as the best block in Harlem.
The building features great architectural details with light / air exposure on 2 sides of the building. This colonial revival style home was designed by the late Bruce Price and Clarence S. Luce in 1891. The turn of the century townhouse is currently positioned as a multi-family asset. It consists of (6) one bedroom and one (2) bedroom apartment, all of which are currently held on flexible lease terms in order to accommodate future redevelopment opportunities. The building was recently renovated but there is still upside potential for a new owner to add value by reconfiguring the current layouts to add units to the rent roll or convert to a single-family residential mansion or live+income investment.
The building features great architectural details with light / air exposure on 2 sides of the building. This colonial revival style home was designed by the late Bruce Price and Clarence S. Luce in 1891. The turn of the century townhouse is currently positioned as a multi-family asset. It consists of (6) one bedroom and one (2) bedroom apartment, all of which are currently held on flexible lease terms in order to accommodate future redevelopment opportunities. The building was recently renovated but there is still upside potential for a new owner to add value by reconfiguring the current layouts to add units to the rent roll or convert to a single-family residential mansion or live+income investment.
Property Details
- Class
- B
- Year Built/Renovated
- 1910/2023
- Stories
- 4
- Property Subtype
- Dormitory
- Lot Size (sq. ft)
- 2,178 SF
- Units
- 7
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