14715 9 $271k CENTRAL HARLEM
Theinformationcontainedhereinhaseitherbeengiventousbytheownerofthepropertyorobtainedfromsourcesthatwedeemreliable.Wehavenoreasontodoubtitsaccuracybutwedonotguaranteetheaccuracyofany information provided herein. As an example, all zoning information, buildable footage estimates and indicated uses must be independently verified. Vacancy factors used herein are an arbitrary percentage used only as an example, and does not necessarily relate to actual vacancy, if any. The value of this prospective investment is dependent upon these estimates and assumptions made below, as well as the investment income, the tax bracket, and other factors which your tax advisor and/or legal counsel should evaluate. The prospective buyer should carefully verify each item of income, and all other information contained herein. March 26, 2015 4:51 PM
267 WEST 139TH STREET, NEW YORK, NY 10030 Four (4) Story, 9 Unit Central Harlem Mixed-Use Building w/ 2,105 Sq. Ft. of Air Rights | FOR SALE
14,715 Gross SF
9
Units
$271k
CENTRAL HARLEM
Gross Income
LOCATION
PROPERTY INFORMATION ADDRESS
267 WEST 139TH STREET, NEW YORK, NY 10030
Location
The subject property is located on the northeast corner of West 139th Street and Frederick Douglass Boulevard
Block / Lot
2025 / 1
Stories
4
Number of Units
9
Residential Units
6
Retail Units
3
Zoning (FAR)
R7-2
Lot Dimensions
42.12' x 99.92'
Lot Size
4,205
Building Dimensions
42' x 88'
Building Size
14,715
Sq. Ft. (Approx.)
Air Rights
2,105
Sq. Ft. (Approx.) As-of-Right
Taxes (14/15)
$19,064
(4.00) Sq. Ft. (Approx.)
INVESTMENT HIGHLIGHTS Ariel Property Advisors presents 267 West 139th Street, located on the corner of West 139th Street and Fredrick Douglas Boulevard in Central Harlem. The building is a 42’ x 88’ mixed-use building comprised of three (3) ground floor commercial units and six (6) residential units. All residential units are three-bedrooms and two-bathrooms in layout. The residential units are split evenly with three (3) units operating at free market, and three (3) operating with rent controlled status. All residential units are comprised of a large eat-in kitchen with a walk-in pantry, as well as a separate dining room. Additionally, a new gas boiler has been installed in the last six months. Located in St. Nicholas Historic District, otherwise known as Striver’s Row, the property is among the prestigious row houses and buildings designed by noted architects and built in 1891-93. The district is designated by the New York City Landmarks Preservation Commission and listed on the National Register of Historic Places and is widely recognized as a prized feature of New York City architecture. The property offers convenient access to lower Manhattan and the outer boroughs through multiple subway lines, including the local B subway just four (4) blocks away at West 136th Street and Saint Nicholas Avenue and the 1,3 subway lines just six (6) blocks away at West 135th Street and Lenox Avenue. For tenants with a car, the property has two available parking spots located behind the building.
EXPENSES: (ESTIMATED)
267 West 139th Street offers investors a rare opportunity to acquire a mixed-use property in one of the fastest growing neighborhoods of Northern Manhattan. The property’s 88’ of frontage along Fredrick Douglas Boulevard as well as the property’s corner location in this historic and dynamic neighborhood will allow an investor to capitalize on continued retail growth and increasing residential rental demand in the area.
Water & Sewer
CURRENT ROLL Scheduled Gross Income: Less Vacancy Rate Reserve (3.0%):
$270,636 ($8,119)
Real Estate Taxes (14/15)
$19,064 $5,700
Insurance
$4,950
Fuel
$18,394
Electric
$5,150
Repairs & Maintenance
$2,700
Payroll
$3,600
$262,517
Legal/Miscellaneous
Less Expenses:
($72,683)
27%
% of SGI
Management
$10,501
Net Operating Income:
$189,833
3.45%
Cap Rate
GROSS OPERATING EXPENSES
$72,683
Gross Operating Income:
$2,625
ASKING PRICE: $5,500,000 For More Information Please Contact Our Exclusive Sales Agents Victor Sozio
Michael A. Tortorici
Josh Berkowitz
Matthew Gillis
Sam Atlas
212.544.9500 x12
212.544.9500 x13
212.544.9500 x41
212.544.9500 x42
212.544.9500 x48
[email protected]
[email protected]
[email protected]
[email protected]
[email protected]
Ariel Property Advisors | Building Results | 122 East 42nd Street, Suite 1015 - New York NY 10168 | 212.544.9500 | arielpa.com
t
SEAM AN A V
Bx
207 St
20
DYCKMAN NOUSE
HEIGHTS BRIDGE
1
W2
04
ST
Bx
12
SH ER MA
VE RM I
BR OA DW AY
LYE AA V
NA V
Theinformationcontainedhereinhaseitherbeengiventousbytheownerofthepropertyorobtainedfromsourcesthatwedeemreliable.Wehavenoreasontodoubtitsaccuracybutwedonotguaranteetheaccuracyofany information provided herein. As an example, all zoning information, buildable footage estimates an Plaza arbitrary percentage used only as an DYCK and indicated uses must be independently verified. Vacancy factors used herein Bx12 are to Bay MAN ST is dependent upon these estimates AC example, and does not necessarily relate to actual vacancy, if any. The value of this prospective investment and assumptions made below, asvia well as the investment income, the tax bracket, Fordham Rd. and AD EM of income, and all other information contained herein. March 26, 2015 4:51 PM A and other factors which your tax advisor and/or legal counsel should evaluate. The prospective buyer should carefully verify each item YS Pelham Pkwy T
THE CLOISTERN MUSEUM 4
DYC K
MA
(To Orchard Beach summers only)
NS
INWOOD NEW YORK, NY 10030 267 WEST 139TH STREET, T
W 201 ST
1
Four (4) Story, 9 Unit Central Harlem Mixed-Use Building w/ 2,105 Sq. Ft. of Air Rights | FOR SALE DS
T 101
PETER JAY SHARP BOATHOUSE
FORT TRYON PARK
HILLSIDE AV Bx
100 7
1,800 Sq. Ft.
Store 2 (Real Estate Store)
600 Sq. Ft.
Liquor Store
600 Sq. Ft.
Bx
LITTLE RED LIGHTHOUSE
GRORGE WASHINGTON BRIDGE BUS STATION
Actual Bx3 Riverdale
238 St - Bway Bx11 to West Farm Rd via 170 St Bx13 to Yankee Stadium via Odgen Av Bx35 to West Farms Rd via 167 St Bx36 to Olmstead Av/Randall Av via 180 St
3
W 175 ST
WASHINGTON HEIGHTS
5
Bx
HIGHBRIDGE PARK
RIV
AV
101
ERS
1
IDE
A C Washington hts 168 St
DR
W 168 ST
FORT
IN WASH
2
2025 W 165 ST
MORRIS-JUMEL MANSION
1
ERS
IDE
168 ST Amsterdam Av
HARLE
RIV
RIVE
AV GTON
3
5
DR
3 100 101
RIVER
1 W 157 ST
SIDE
West 139th Street 157 ST Bx
10
2
6
DR
B D W 155 ST
AUDUBON TERRACE
-
$372
-
$2,700
-
$2,650
-
$7,000
-
$3,800
2017
$2,650
2017
9
7
4
-
$2,625
$270,636
Bx
C
-
$22,553
West 140th StreetW 166 ST
W 163 ST
$216 $540
HARLEM RIVER DR
7
100
HAVEN
TAX MAP
98
W 178 ST W 177 ST
4
Frederick Douglass Boulevard
W 179 ST
Bx
98
BRIDGE
Bx
Actual
3
ER D
H WAS
Bx
Bx
M RIV
RGE
GEO
Bx
35 3
Comm
W 179 ST W 178 ST
Bx
Bx
11 13 35 36
EDGECOMBE AV
Total # of Units
Bx
36
ProjectedWASHINGTON
181 ST
W 180 ST
Comm
A
GE
RID ON B INGT
1
ST NICHOLAS AV
Total Annual Rent
Comm Bx
LEASE EXIPIRATION
Actual
11 13
FORT WASHINGTON PARK
Total Monthly Rent
FM
181 ST A W
Actual
YESHIVA UNIVERSITY Projected
BRO
Store 1
FM
MONTHLY RENT
Bx
C 155 ST
6
Adam Clayton Powell Boulevard
3 BR / 2 BA
RC
W 186 ST
AMSTERDAM AV
6
Actual
101
AUDUBON AV
3 BR / 2 BA
3
BROADWAY
3 BR
5
BENNETT AV
4
Actual Actual
W 190 ST
FM
TERRACE
3 BR / 2 BA
1
RC
OVERLOOK
3
4
ACTUAL/PROJECTED
W 191 ST
RC
A W 190 ST
V ON A INGT WASH VD I BL RIN CAB
3 BR
FORT
3 BR HENRY HUDSON PARKWAY
1 2
3
STATUS
4
98
WADSWORTH AV
# OF BEDROOMS
AY ADW
UNIT
HARLEM RIVER
FORT GERGE AV
E RIVER SIDE DRIV
SCHEDULE INCOME
ELL WO O
D S B MB GE CO ID MA M BR DA
98
B D
FREDERICK DOUGLASS BLVD
EDGECOMBE AV
BROADWAY
AMSTERDAM AV
1
Bx
19
3
DR
A C
Harlem 148 St
W 150 ST
7 102 1
W 147 ST
GE RID 2 ST B 145 Bx19 to Botanical
W 146 ST Bx
19
W 145 ST
W 145 ST
ER RIV
145 ST
EM
3
W 147 ST
RL
S AV
W 150 ST
HA
HOLA
LOCATION MAP
BRADHURST AV
ST NIC
3D VIEW
JACKIE ROBINSON PARK
Bx6 to Hunts Pt Food Ctr via Yankee Stadium
3
Garden via Southern Blvd
145 ST
Bx
11 19
W 143 ST
33
RIVERSIDE DR
W 135 ST
ST NICHOLAS PARK
100 101
5
11
W 131 ST
SCHOMBURG CENTRE
W 129 ST
1
104 Bx
15 MAR 15 TIN LUT H
6
Bx
2 3 135 ST
LENOX AV
W 130 ST
1
1
Josh Berkowitz
212.544.9500 x12
212.544.9500 x13
212.544.9500 x41
[email protected]
GRANT’S [email protected] TOMB 4 104 11
125 ST
METRO NORTH
Bx
60 15
2 3
10
60
W 122 ST [email protected]
ST NICH
3
Sam Atlas
STUDIO MUSEUM IN HARLEM
LVD
HATTAN AV
C NI
OLAS AV
ST
AV
35
E 126 ST 103
E 124
212.544.9500 x48
MARCUS GARVEY [email protected] PARK
W 120 ST - New York NY 10168 | 212.544.9500 | arielpa.com Ariel Property Advisors | Building Results | 122 East 42nd Street, Suite 1015 60
6
100 101
DR MARTIN LUTHER KING BLVD
60 15
100 101
212.544.9500 x42
4 5 125 St
MT MORRIS PARK W
[email protected]
5
Matthew Gillis
Bx
MORNINGSIDE AV
5
D
BROADWAY
Michael A. Tortorici
CLARENONT AV
Victor Sozio
APOLLO THEATRE
B D 125 ST
BLV
DISON AV
ING
Bx
15
98
104
ER K
TH
NOR 4
33
For More Information Please Contact Our Exclusive Sales Agents A C DR
RO
MET
5 W 135 ST
ASKING PRICE: $5,500,000 HARLEM 125 ST
33
G
WESLEY WILLIAMS PL
Bx
Bx
1
W 137 ST
RID
CITY COLLEGE
ISO MAD
VB
137 ST CITY COLLEGE
135 ST B C
E
IDG
V BR
NA
W 139 ST
3A
ILTO N HAM
1
102 7
W 139 ST
OLAS AV
CONVENT AV
PL
ST NICH
W 137 ST
Subject2 Property
10
100 101
101 103
E 120 ST
3 AV
5
RK AV
4
ADAM CLAYTON POWELL JR BLVD (7 AVENUE)
11
RIVERBANK STATE PARK
98 101
267 WEST 139TH STREET, NEW YORK, NY 10030 Four (4) Story, 9 Unit Central Harlem Mixed-Use Building w/ 2,105 Sq. Ft. of Air Rights | FOR SALE
14,715 Gross SF
9
Units
$271k
CENTRAL HARLEM
Gross Income
LOCATION
PROPERTY INFORMATION ADDRESS
267 WEST 139TH STREET, NEW YORK, NY 10030
Location
The subject property is located on the northeast corner of West 139th Street and Frederick Douglass Boulevard
Block / Lot
2025 / 1
Stories
4
Number of Units
9
Residential Units
6
Retail Units
3
Zoning (FAR)
R7-2
Lot Dimensions
42.12' x 99.92'
Lot Size
4,205
Building Dimensions
42' x 88'
Building Size
14,715
Sq. Ft. (Approx.)
Air Rights
2,105
Sq. Ft. (Approx.) As-of-Right
Taxes (14/15)
$19,064
(4.00) Sq. Ft. (Approx.)
INVESTMENT HIGHLIGHTS Ariel Property Advisors presents 267 West 139th Street, located on the corner of West 139th Street and Fredrick Douglas Boulevard in Central Harlem. The building is a 42’ x 88’ mixed-use building comprised of three (3) ground floor commercial units and six (6) residential units. All residential units are three-bedrooms and two-bathrooms in layout. The residential units are split evenly with three (3) units operating at free market, and three (3) operating with rent controlled status. All residential units are comprised of a large eat-in kitchen with a walk-in pantry, as well as a separate dining room. Additionally, a new gas boiler has been installed in the last six months. Located in St. Nicholas Historic District, otherwise known as Striver’s Row, the property is among the prestigious row houses and buildings designed by noted architects and built in 1891-93. The district is designated by the New York City Landmarks Preservation Commission and listed on the National Register of Historic Places and is widely recognized as a prized feature of New York City architecture. The property offers convenient access to lower Manhattan and the outer boroughs through multiple subway lines, including the local B subway just four (4) blocks away at West 136th Street and Saint Nicholas Avenue and the 1,3 subway lines just six (6) blocks away at West 135th Street and Lenox Avenue. For tenants with a car, the property has two available parking spots located behind the building.
EXPENSES: (ESTIMATED)
267 West 139th Street offers investors a rare opportunity to acquire a mixed-use property in one of the fastest growing neighborhoods of Northern Manhattan. The property’s 88’ of frontage along Fredrick Douglas Boulevard as well as the property’s corner location in this historic and dynamic neighborhood will allow an investor to capitalize on continued retail growth and increasing residential rental demand in the area.
Water & Sewer
CURRENT ROLL Scheduled Gross Income: Less Vacancy Rate Reserve (3.0%):
$270,636 ($8,119)
Real Estate Taxes (14/15)
$19,064 $5,700
Insurance
$4,950
Fuel
$18,394
Electric
$5,150
Repairs & Maintenance
$2,700
Payroll
$3,600
$262,517
Legal/Miscellaneous
Less Expenses:
($72,683)
27%
% of SGI
Management
$10,501
Net Operating Income:
$189,833
3.45%
Cap Rate
GROSS OPERATING EXPENSES
$72,683
Gross Operating Income:
$2,625
ASKING PRICE: $5,500,000 For More Information Please Contact Our Exclusive Sales Agents Victor Sozio
Michael A. Tortorici
Josh Berkowitz
Matthew Gillis
Sam Atlas
212.544.9500 x12
212.544.9500 x13
212.544.9500 x41
212.544.9500 x42
212.544.9500 x48
[email protected]
[email protected]
[email protected]
[email protected]
[email protected]
Ariel Property Advisors | Building Results | 122 East 42nd Street, Suite 1015 - New York NY 10168 | 212.544.9500 | arielpa.com
t
SEAM AN A V
Bx
207 St
20
DYCKMAN NOUSE
HEIGHTS BRIDGE
1
W2
04
ST
Bx
12
SH ER MA
VE RM I
BR OA DW AY
LYE AA V
NA V
Theinformationcontainedhereinhaseitherbeengiventousbytheownerofthepropertyorobtainedfromsourcesthatwedeemreliable.Wehavenoreasontodoubtitsaccuracybutwedonotguaranteetheaccuracyofany information provided herein. As an example, all zoning information, buildable footage estimates an Plaza arbitrary percentage used only as an DYCK and indicated uses must be independently verified. Vacancy factors used herein Bx12 are to Bay MAN ST is dependent upon these estimates AC example, and does not necessarily relate to actual vacancy, if any. The value of this prospective investment and assumptions made below, asvia well as the investment income, the tax bracket, Fordham Rd. and AD EM of income, and all other information contained herein. March 26, 2015 4:51 PM A and other factors which your tax advisor and/or legal counsel should evaluate. The prospective buyer should carefully verify each item YS Pelham Pkwy T
THE CLOISTERN MUSEUM 4
DYC K
MA
(To Orchard Beach summers only)
NS
INWOOD NEW YORK, NY 10030 267 WEST 139TH STREET, T
W 201 ST
1
Four (4) Story, 9 Unit Central Harlem Mixed-Use Building w/ 2,105 Sq. Ft. of Air Rights | FOR SALE DS
T 101
PETER JAY SHARP BOATHOUSE
FORT TRYON PARK
HILLSIDE AV Bx
100 7
1,800 Sq. Ft.
Store 2 (Real Estate Store)
600 Sq. Ft.
Liquor Store
600 Sq. Ft.
Bx
LITTLE RED LIGHTHOUSE
GRORGE WASHINGTON BRIDGE BUS STATION
Actual Bx3 Riverdale
238 St - Bway Bx11 to West Farm Rd via 170 St Bx13 to Yankee Stadium via Odgen Av Bx35 to West Farms Rd via 167 St Bx36 to Olmstead Av/Randall Av via 180 St
3
W 175 ST
WASHINGTON HEIGHTS
5
Bx
HIGHBRIDGE PARK
RIV
AV
101
ERS
1
IDE
A C Washington hts 168 St
DR
W 168 ST
FORT
IN WASH
2
2025 W 165 ST
MORRIS-JUMEL MANSION
1
ERS
IDE
168 ST Amsterdam Av
HARLE
RIV
RIVE
AV GTON
3
5
DR
3 100 101
RIVER
1 W 157 ST
SIDE
West 139th Street 157 ST Bx
10
2
6
DR
B D W 155 ST
AUDUBON TERRACE
-
$372
-
$2,700
-
$2,650
-
$7,000
-
$3,800
2017
$2,650
2017
9
7
4
-
$2,625
$270,636
Bx
C
-
$22,553
West 140th StreetW 166 ST
W 163 ST
$216 $540
HARLEM RIVER DR
7
100
HAVEN
TAX MAP
98
W 178 ST W 177 ST
4
Frederick Douglass Boulevard
W 179 ST
Bx
98
BRIDGE
Bx
Actual
3
ER D
H WAS
Bx
Bx
M RIV
RGE
GEO
Bx
35 3
Comm
W 179 ST W 178 ST
Bx
Bx
11 13 35 36
EDGECOMBE AV
Total # of Units
Bx
36
ProjectedWASHINGTON
181 ST
W 180 ST
Comm
A
GE
RID ON B INGT
1
ST NICHOLAS AV
Total Annual Rent
Comm Bx
LEASE EXIPIRATION
Actual
11 13
FORT WASHINGTON PARK
Total Monthly Rent
FM
181 ST A W
Actual
YESHIVA UNIVERSITY Projected
BRO
Store 1
FM
MONTHLY RENT
Bx
C 155 ST
6
Adam Clayton Powell Boulevard
3 BR / 2 BA
RC
W 186 ST
AMSTERDAM AV
6
Actual
101
AUDUBON AV
3 BR / 2 BA
3
BROADWAY
3 BR
5
BENNETT AV
4
Actual Actual
W 190 ST
FM
TERRACE
3 BR / 2 BA
1
RC
OVERLOOK
3
4
ACTUAL/PROJECTED
W 191 ST
RC
A W 190 ST
V ON A INGT WASH VD I BL RIN CAB
3 BR
FORT
3 BR HENRY HUDSON PARKWAY
1 2
3
STATUS
4
98
WADSWORTH AV
# OF BEDROOMS
AY ADW
UNIT
HARLEM RIVER
FORT GERGE AV
E RIVER SIDE DRIV
SCHEDULE INCOME
ELL WO O
D S B MB GE CO ID MA M BR DA
98
B D
FREDERICK DOUGLASS BLVD
EDGECOMBE AV
BROADWAY
AMSTERDAM AV
1
Bx
19
3
DR
A C
Harlem 148 St
W 150 ST
7 102 1
W 147 ST
GE RID 2 ST B 145 Bx19 to Botanical
W 146 ST Bx
19
W 145 ST
W 145 ST
ER RIV
145 ST
EM
3
W 147 ST
RL
S AV
W 150 ST
HA
HOLA
LOCATION MAP
BRADHURST AV
ST NIC
3D VIEW
JACKIE ROBINSON PARK
Bx6 to Hunts Pt Food Ctr via Yankee Stadium
3
Garden via Southern Blvd
145 ST
Bx
11 19
W 143 ST
33
RIVERSIDE DR
W 135 ST
ST NICHOLAS PARK
100 101
5
11
W 131 ST
SCHOMBURG CENTRE
W 129 ST
1
104 Bx
15 MAR 15 TIN LUT H
6
Bx
2 3 135 ST
LENOX AV
W 130 ST
1
1
Josh Berkowitz
212.544.9500 x12
212.544.9500 x13
212.544.9500 x41
[email protected]
GRANT’S [email protected] TOMB 4 104 11
125 ST
METRO NORTH
Bx
60 15
2 3
10
60
W 122 ST [email protected]
ST NICH
3
Sam Atlas
STUDIO MUSEUM IN HARLEM
LVD
HATTAN AV
C NI
OLAS AV
ST
AV
35
E 126 ST 103
E 124
212.544.9500 x48
MARCUS GARVEY [email protected] PARK
W 120 ST - New York NY 10168 | 212.544.9500 | arielpa.com Ariel Property Advisors | Building Results | 122 East 42nd Street, Suite 1015 60
6
100 101
DR MARTIN LUTHER KING BLVD
60 15
100 101
212.544.9500 x42
4 5 125 St
MT MORRIS PARK W
[email protected]
5
Matthew Gillis
Bx
MORNINGSIDE AV
5
D
BROADWAY
Michael A. Tortorici
CLARENONT AV
Victor Sozio
APOLLO THEATRE
B D 125 ST
BLV
DISON AV
ING
Bx
15
98
104
ER K
TH
NOR 4
33
For More Information Please Contact Our Exclusive Sales Agents A C DR
RO
MET
5 W 135 ST
ASKING PRICE: $5,500,000 HARLEM 125 ST
33
G
WESLEY WILLIAMS PL
Bx
Bx
1
W 137 ST
RID
CITY COLLEGE
ISO MAD
VB
137 ST CITY COLLEGE
135 ST B C
E
IDG
V BR
NA
W 139 ST
3A
ILTO N HAM
1
102 7
W 139 ST
OLAS AV
CONVENT AV
PL
ST NICH
W 137 ST
Subject2 Property
10
100 101
101 103
E 120 ST
3 AV
5
RK AV
4
ADAM CLAYTON POWELL JR BLVD (7 AVENUE)
11
RIVERBANK STATE PARK
98 101
