10 132Nd St, New York, NY 10037
16 Unit Apartment Building | $4,900,000 ($306,250/Unit) | 7% Cap Rate | New York, NY 10037
For Sale
Active
- Date Added:
- May 17, 2024
- Days on Market:
- 28 days
Asking Price $4,900,000
- Property Type
-
Multifamily
- Square Feet
- 10,298 SF
Listing Contacts
Seth Glasser
Verified Profile
Michael Fusco
Verified Profile
Binyamin Katz
Verified Profile
Jared Gootnick
Verified Profile
- Property Info
Property Overview
New York Multifamily is pleased to offer the following opportunity in Central Harlem: 10 West 132nd Street. Built in 2020, this 16-unit elevator building is located in Central Harlem between 5th Avenue & Malcolm X Blvd. 10 West 132nd Street benefits from a 35-year 421a tax exemption keeping the taxable assessed value extremely low for another 20 years, and expires in 30 years. The taxes are frozen at only 5% of the building’s gross income ($22,156) until 2045 giving investors a unique opportunity to have fixed, predictable taxes for an extended period of time. The building is composed of 9 studios, 5 one-bedroom 1 two-bedroom & 1 three-bedroom apartment all with high-end, condo-like finishes. Conveniently located, this property is just steps away from 135th Street 1 Train and a short walk to the 125th Street 4/5 Trains
Property Details
- Class
- B
- Year Built
- 2020
- Stories
- 6
- Lot Size (sq. ft)
- 2,614 SF
- Units
- 16
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