112 138Th St New York, NY 10030
- Apartment buildings
- 38,904 SF
- 8,992.00 lot acres
Current Use by Public Records
- Humane Raccoon Removal New York City / Animal Control Service / Pest Control Service
Property Details for 112 138Th St
- Lot size
- 8,992.00 lot acres
- Property size
- 38,904 SF
- Property type
- Apartment buildings
Description
This exceptional 54-unit apartment building at 112 W 138th St, New York, NY 10030, presents a compelling investment opportunity. Boasting 38,904 square feet across six stories, this well-maintained elevator building offers a strong current NOI of $507,879 and a pro-forma NOI of $540,193, translating to a 6.01% cap rate. The asking price is $8,400,000, or $155,556 per unit, and $216 per square foot. Situated on a substantial 8,992-acre lot zoned R7-2, the property benefits from its prime location in Central Harlem, just one block from Striver's Row. The building features significant upside potential through preferential rents and additional income generated by basement laundry facilities. Its convenient location, three blocks from the 135th St subway station (2 and 3 trains), provides easy access to Midtown Manhattan. Furthermore, the property enjoys proximity to St. Nicholas Park and City College of New York, enhancing its appeal and potential for future growth. This is a rare opportunity to acquire a well-positioned, income-producing multifamily asset in a rapidly appreciating market.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- New York
- County
- New York
- State
- New York
- Longitude
- -73.9406
- Latitude
- 40.8163
