314 142Nd St, New York, NY 10030
20 Unit Apartment Building | $5,300,000 ($265,000/Unit) | 6.46% Cap Rate | New York, NY 10030
For Sale
Active
- Date Added:
- May 17, 2024
- Days on Market:
- 28 days
Asking Price $5,300,000
- Property Type
-
Multifamily
- Square Feet
- 8,400 SF
Listing Contacts
Jordan Sutton
Verified Profile
William Conrad
Verified Profile
Sanjana Reddy
Verified Profile
- Property Info
Property Overview
Cushman & Wakefield proudly presents an exclusive opportunity to acquire 314 West 142nd Street, a distinguished five-story residential building poised in the vibrant heart of Harlem. Nestled on the south side of West 142nd Street, bordered by Bradhurst Avenue and Frederick Douglass Boulevard, this property stands as a beacon of urban living and investment potential. Spanning a generous 8,500 square feet with a 25-foot facade, 314 West 142nd Street emerges as a turnkey investment, boasting a rich mix of apartment configurations. The building comprises eighteen free-market apartments and two rent-stabilized units, featuring ten studio apartments, one one-bedroom apartment, and nine two-bedroom apartments. This composition presents a lucrative opportunity for future owners to capitalize on a predominantly market-rate property within an up-and-coming Manhattan neighborhood. Located in a prime Harlem location, the property affords residents easy access to a plethora of local amenities and cultural highlights. Its proximity to major transportation, including the A, B, C, & D subway lines and numerous bus routes, ensures seamless connectivity to the wider New York City area. 314 West 142nd Street is not just a residence; it’s an opportunity to own a piece of Manhattan’s future, offering a blend of historical charm and modern convenience.
Property Details
- Class
- C
- Year Built/Renovated
- 1920/1993
- Stories
- 5
- Lot Size (sq. ft)
- 2,614 SF
- Units
- 20
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