106 114Th St, New York, NY 10026

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.