18 West 127th Street
18 West 127th Street MULTIFAMILY WALK-UP 5 Stories - Delivered Vacant FOR SALE
Asking Price: $2,695,000
Building Features Location
On the south side of West 127th Street between Fifth Avenue & Lenox Avenue
Block/Lot
1724 / 46
Lot Dimensions
18.75’ X 99.92’ (Approx.)
Lot Area
1,873 SF (Approx.)
Stories
5
Building Size
19.00’ X 50’ (Approx.) w/ extension
Gross Square Footage
5,000 SF (Approx.)
Available Air Rights
1,450 SF
Residential Units
4 Units (Delivered Vacant)
Zoning
R7-2
FAR
3.44
Assessment (16/17)
$133,056
Taxes (16/17)
$17,142
Property Highlights
Cushman & Wakefield has been retained on an exclusive basis for the sale of 18 West 127th Street, a unique investment opportunity to own an approximately 5,000 sq. ft. four-unit multifamily walk-up, with approximately 19’ of frontage on a quaint and quiet residential block in Central Harlem. The subject property stands five (5) stories tall and includes a duplex unit on the parlor and garden floors and three floor-through units. There is also private outdoor space on the garden floor and third floor. This property represents a great opportunity for live plus income or conversion into a high end two family on a tree-lined street just blocks away from Marcus Garvey Park and the Lenox Avenue retail corridor with renowned Harlem restaurants such as Red Rooster, Corner Social, and Sylvia’s. 125th Street two blocks south has become Harlem’s most exciting and rapidly developing retail corridors, future home of Whole Foods and other major retailers. Ownership has installed a brand new gas boiler and the building is separately metered for electric and gas. Since the property will be delivered vacant, future ownership will immediately be able to renovate and capitalize on the neighborhood’s rapidly rising rents or high condo sellout values in the area. The building is within close proximity to the 2 and 3 subway lines on West 125th Street and Lenox Avenue, as well as many bus routes that canvas the area. For More Information, Please Contact: Josh Lipton Director (212) 660 7779 [email protected]
Lev Kimyagarov Director (212) 660 7729 [email protected]
Andrew Levine Associate (212) 589 5153 [email protected]
Cushman & Wakefield Copyright 2015. No warranty or representation, express or implied, is made to the accuracy or completeness of the information contained herein, and same is submitted subject to errors, omissions, change of price, rental or other conditions, withdrawal without notice, and to any special listing conditions imposed by the property owner(s). As applicable, we make no representation as to the condition of the property (or properties) in question.
18 West 127th Street Tax Map
46
1724
Fifth Avenue
Lenox Avenue
West 127th Street
West 126th Street
Cushman & Wakefield Copyright 2015. No warranty or representation, express or implied, is made to the accuracy or completeness of the information contained herein, and same is submitted subject to errors, omissions, change of price, rental or other conditions, withdrawal without notice, and to any special listing conditions imposed by the property owner(s). As applicable, we make no representation as to the condition of the property (or properties) in question.
18 West 127th Street
Property Photos
Cushman & Wakefield Copyright 2015. No warranty or representation, express or implied, is made to the accuracy or completeness of the information contained herein, and same is submitted subject to errors, omissions, change of price, rental or other conditions, withdrawal without notice, and to any special listing conditions imposed by the property owner(s). As applicable, we make no representation as to the condition of the property (or properties) in question.
18 West 127th Street
Property Photos
Cushman & Wakefield Copyright 2015. No warranty or representation, express or implied, is made to the accuracy or completeness of the information contained herein, and same is submitted subject to errors, omissions, change of price, rental or other conditions, withdrawal without notice, and to any special listing conditions imposed by the property owner(s). As applicable, we make no representation as to the condition of the property (or properties) in question.
Asking Price: $2,695,000
Building Features Location
On the south side of West 127th Street between Fifth Avenue & Lenox Avenue
Block/Lot
1724 / 46
Lot Dimensions
18.75’ X 99.92’ (Approx.)
Lot Area
1,873 SF (Approx.)
Stories
5
Building Size
19.00’ X 50’ (Approx.) w/ extension
Gross Square Footage
5,000 SF (Approx.)
Available Air Rights
1,450 SF
Residential Units
4 Units (Delivered Vacant)
Zoning
R7-2
FAR
3.44
Assessment (16/17)
$133,056
Taxes (16/17)
$17,142
Property Highlights
Cushman & Wakefield has been retained on an exclusive basis for the sale of 18 West 127th Street, a unique investment opportunity to own an approximately 5,000 sq. ft. four-unit multifamily walk-up, with approximately 19’ of frontage on a quaint and quiet residential block in Central Harlem. The subject property stands five (5) stories tall and includes a duplex unit on the parlor and garden floors and three floor-through units. There is also private outdoor space on the garden floor and third floor. This property represents a great opportunity for live plus income or conversion into a high end two family on a tree-lined street just blocks away from Marcus Garvey Park and the Lenox Avenue retail corridor with renowned Harlem restaurants such as Red Rooster, Corner Social, and Sylvia’s. 125th Street two blocks south has become Harlem’s most exciting and rapidly developing retail corridors, future home of Whole Foods and other major retailers. Ownership has installed a brand new gas boiler and the building is separately metered for electric and gas. Since the property will be delivered vacant, future ownership will immediately be able to renovate and capitalize on the neighborhood’s rapidly rising rents or high condo sellout values in the area. The building is within close proximity to the 2 and 3 subway lines on West 125th Street and Lenox Avenue, as well as many bus routes that canvas the area. For More Information, Please Contact: Josh Lipton Director (212) 660 7779 [email protected]
Lev Kimyagarov Director (212) 660 7729 [email protected]
Andrew Levine Associate (212) 589 5153 [email protected]
Cushman & Wakefield Copyright 2015. No warranty or representation, express or implied, is made to the accuracy or completeness of the information contained herein, and same is submitted subject to errors, omissions, change of price, rental or other conditions, withdrawal without notice, and to any special listing conditions imposed by the property owner(s). As applicable, we make no representation as to the condition of the property (or properties) in question.
18 West 127th Street Tax Map
46
1724
Fifth Avenue
Lenox Avenue
West 127th Street
West 126th Street
Cushman & Wakefield Copyright 2015. No warranty or representation, express or implied, is made to the accuracy or completeness of the information contained herein, and same is submitted subject to errors, omissions, change of price, rental or other conditions, withdrawal without notice, and to any special listing conditions imposed by the property owner(s). As applicable, we make no representation as to the condition of the property (or properties) in question.
18 West 127th Street
Property Photos
Cushman & Wakefield Copyright 2015. No warranty or representation, express or implied, is made to the accuracy or completeness of the information contained herein, and same is submitted subject to errors, omissions, change of price, rental or other conditions, withdrawal without notice, and to any special listing conditions imposed by the property owner(s). As applicable, we make no representation as to the condition of the property (or properties) in question.
18 West 127th Street
Property Photos
Cushman & Wakefield Copyright 2015. No warranty or representation, express or implied, is made to the accuracy or completeness of the information contained herein, and same is submitted subject to errors, omissions, change of price, rental or other conditions, withdrawal without notice, and to any special listing conditions imposed by the property owner(s). As applicable, we make no representation as to the condition of the property (or properties) in question.
