131-135 West 138th

05-25-2023
05-25-2023

West 138th Street, New York, NY 10030

• First sale by developer of a well-maintained professionally-managed, stable and consistent cash flowing mixed-use asset.
• Exceptional upside in 13 below-market units with preferential rents.
• MCI work pending, creating upside for below-market regulated units.
• Can deliver super’s apartment vacant.
• J-51 tax benefit in place.
• One of the most sought-after and stable blocks in Central Harlem, across the street from historic Abyssinian Baptist Church and the Rennie Condominium.
• Adjacencies to popular demand generators and employment hubs of Harlem Hospital, Thurgood Marshall Academy, Lenox Terrace and the New York Schomburg Center for Research.
• Equally central to 2/3 and A/B/C subway lines located on West 135th Street.

Key Property Information

Listing Status
Available
Listing Type
Highest & best offer
Multifamily Type
Mixed-Use
Price
$ 8,900,000
No. of Units
27
Cap Rate
8.2%
Building Size
30,119 Sq Ft
Lot Size
7,794 Sq Ft
No. of Stories
5
Opportunity Zone
No
Price Per Unit
$ 329,630
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40.81727, -73.942401

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