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Marie Apartments 125-131 Seaman Ave

48 Unit Apartment Building $7,700,000 ($160,417/Unit) 7.14% Cap Rate New York, NY 10034

Executive Summary

CBRE has been retained on an exclusive basis to arrange for the sale of 125 Seaman Avenue. The subject property is a 6-story, 42,108 square foot, 48 unit multifamily property. The building is on the south side of Seaman Avenue between West 204th and 207th Streets. The property boasts 100’ of frontage along Seaman Avenue and is on a 100’ deep lot. There are 48 residential units. The property has tremendous upside with approximately $86,000 of annual preferential rents. Many apartments have been renovated under current ownership.
Located on a quiet residential block of Inwood, 125 Seaman Avenue is just blocks away from Inwood Hill Park, Fort Tryon Park and New York Presbyterian Hospital. The area is also home to a variety of bars, restaurants, coffee shops.
125 Seaman Avenue is just two short blocks away from the Inwood-207th Street A Train station and 6 blocks away from the 1 train . The property also benefits from its proximity to the University Heights Metro North Station and the Henry Hudson Parkway, providing a fast commute into Manhattan, New Jersey, Westchester and upstate New York..

Property Facts

Price $7,700,000
Price Per Unit $160,417
Sale Type Investment
Cap Rate 7.14%
No. Units 48
Property Type Multifamily
Property Subtype Apartment
Apartment Style Mid Rise
Building Class C
Lot Size 0.23 AC
Building Size 40,374 SF
No. Stories 6
Year Built 1928
Walk Score ®
Walker's Paradise (90)
Transit Score ®
Rider's Paradise (96)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

zoning

Zoning Code R7-2
R7-2
  • Listing ID: 31809342

  • Date on Market: 5/15/2024

  • Last Updated:

  • Address: 125-131 Seaman Ave, New York, NY 10034

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