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188 St Nicholas Ave

42 Unit Apartment Building $9,500,000 ($226,190/Unit) New York, NY 10026

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Investment Highlights

Corner elevator building allows for fantastic light and air throughout
Value-add potential through renovation of free market units and existing vacancy in the building

5 blocks from the retail epicenter of Harlem at 125th Street

Executive Summary

Lee & Associates is pleased to present the sale for the multifamily building located at 188 Saint Nicholas Avenue (“the Property). Located on the corner of St. Nicholas Avenue and West 120th Street, the building consists of 42 residential units. Of the 42 units, approximately 33% are free market with the remaining 67% subject to rent regulation. The Property represents the opportunity to acquire a stable cashflowing asset with upside potential in the short term through unit renovations and long-term rental appreciation for larger units in the Harlem market.

Property Facts

Price	$9,500,000	Apartment Style	Mid Rise
Price Per Unit	$226,190	Building Class	C
Sale Type	Investment	Lot Size	0.39 AC
No. Units	42	Building Size	67,949 SF
Property Type	Multifamily	No. Stories	7
Property Subtype	Apartment	Year Built	1920

Price	$9,500,000
Price Per Unit	$226,190
Sale Type	Investment
No. Units	42
Property Type	Multifamily
Property Subtype	Apartment
Apartment Style	Mid Rise
Building Class	C
Lot Size	0.39 AC
Building Size	67,949 SF
No. Stories	7
Year Built	1920

Unit Amenities

Air Conditioning
Heating

Kitchen
Refrigerator

Oven

Tub/Shower

1 of 1

Walk Score ®

Walker's Paradise (98)

Transit Score ®

Rider's Paradise (100)

Bike Score ®

Very Bikeable (84)

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.®

Learn How It Works Detailed Scores

zoning

Zoning Code	R7A (Medium-density apartment house district with lower parking requirements)
R7A (Medium-density apartment house district with lower parking requirements)