Multifamily Building in
For Sale
Contact for pricing
188 St Nicholas Ave, New York, NY 10026
42-unit multifamily building with upside potential through renovations.
Property Size64,058 SF
Price / SF$101.47
Days on Market1037
Property Features for 188 St Nicholas Ave
General Information
Standard status
Active
Size
64,058 SF
Property subtype
Multifamily
Building Details
Year Built
1920
Buildings
1
Stories
7
Units
42
Listing Agency:
Lee & Associates - New York
(212) 776-1207
Listed By:
Chris Varjan · License #New York
Source:
Crexi
Added: Oct 10, 2023
Changed: Aug 8
Last Checked: Aug 10 at 2:44PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Lee & Associates - New York
Investment Insights
Based on property information with market context.
Located at the corner of St. Nicholas Avenue and West 120th Street, this multifamily building consists of 42 residential units. Approximately 33% of the units are free market, while the remaining 67% are subject to rent regulation. The property, with a size of 64058 square feet, presents an opportunity to acquire a cash-flowing asset. There is potential for short-term upside through unit renovations and long-term rental appreciation, particularly for larger units in the Harlem market.
Key Highlights
- Stable cash‑flowing asset with upside potential.
- Opportunity for short‑term upside through unit renovations.
- Potential for long‑term rental appreciation in the Harlem market.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
9,683
Businesses Nearby
Explore this area
Business Placement
Demographics for 10026, NY
35,644
Population
17,648
Households
2
Avg Household Size
37
Median Age
54%
College-Educated
90%
High-School Grad
0.4 sq mi
ZIP Area
89,110
Density / Sq Mi
$74,140
Median Household Income
$56,919
Median Earnings
$1,546
Median Rent
$1,014,100
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - 42-unit multifamily building with upside potential through renovations.
Where is this apartment building located?
The property is located at 188 St Nicholas Ave New York, NY.
What is the asking price?
The asking price for this property is $6,500,000.
What are key features of this property?
This property features: Stable cash‑flowing asset with upside potential.; Opportunity for **short‑term upside through unit renovations.**; Potential for long‑term rental appreciation in the Harlem market.
