Satioin & Copartners real estate investment

Address


188 St Nicholas Ave, New York, NY 10026

Details


Property type

Multifamily

Investment type

Value Add

Price /Sq Ft

148.30
 
key
156
 
Buildings

1
 
Lot Size (sq ft)
11,523
Subtype
Apartment Building
 
Year Built

1920
 
Stories
7

Maketing Description

The multifamily building located at 188 Saint Nicholas Avenue (“the Property). Located on the corner of St. Nicholas Avenue and West 120th Street, the building consists of 42 residential units. Of the 42 units, approximately 33% are free market with the remaining 67% subject to rent regulation. The Property represents the opportunity to acquire a stable cashflowing asset with upside potential in the short term through unit renovations and long-term rental appreciation for larger units in the Harlem market.

Investment Highlights

Corner elevator building allows for fantastic light and air throughout

5 blocks from the retail epicenter of Harlem at 125th Street

Value-add potential through renovation of free market units and existing vacancy in the

building