106 114Th St New York, NY 10026
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52 Units, Excellent NOI, Prime Location
Property size:
7,365 SFProperty Features for 106 114Th St
General Information
- Property type
- Multifamily properties
- Square Feet
- 7,365 SF
Building Details
- Year Built
- 1991
- Buildings
- 3
- Stories
- 5
- Units
- 52
Listing Agency: Ripco Real Estate Listing Agent: Brian Whelan
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
This exceptional investment opportunity presents a portfolio of three well-maintained apartment buildings located at 106, 114, and 120 West 114th Street in New York, NY 10026. The property consists of 52 units spread across three walk-up buildings, each five stories high, totaling 7,365 to 31,020 square feet of space. Built in 1991, these buildings offer a strong foundation for long-term ownership. The current asking price is $6,200,000, representing a price per unit of $119,231 and a low basis of $112 per square foot. The property boasts a substantial net operating income (NOI) of $337,506. Recent renovations enhance the value and appeal of the units. One building benefits from tax class protection. Conveniently located near the 2 and 3 subway station, this portfolio offers exceptional access to public transportation. The lot sizes range from 2,018 to 7,973 square feet. This is a rare chance to acquire a stable, high-performing multifamily asset in a desirable and rapidly developing neighborhood. The property's strong cash flow and potential for future appreciation make it an ideal investment for discerning buyers.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Commercial real estate
Location Insight
- Map
- Local Demand
- City
- New York
- County
- New York
- State
- New York
- Longitude
- -73.9517219
- Latitude
- 40.801066
Nearby Similar for Sale
FAQs
What type of property is this?
Multifamily property - 52 Units, Excellent NOI, Prime Location
Where is this multifamily property located?
The property is located at 106 114Th St New York, NY.
What is the asking price?
The asking price for this property is $6,200,000.
What are key features of this property?
This property features: Well-maintained, long-term ownership opportunity.; Three walk-up buildings at 114th Street, totaling 52 units.; 52 recently renovated units.
