FREE-MARKET * TENANT-PAID UTILITIES * RENO | 252 W 132nd St
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FREE-MARKET * TENANT-PAID UTILITIES * RENO 252 W 132nd St
8 Unit Apartment Building $3,800,000 ($475,000/Unit) 5.39% Cap Rate New York, NY 10027
Investment Highlights
- Free Market Building and Renovated
- Footsteps to Central Park
- Tenant Pay all Utilities
Executive Summary
NuRealty Advisors Inc. is proud to present the Exclusive Listing for 252 W. 132nd Street, New York, NY 10027. The Fully Renovated property, located in the highly sought-after Central Harlem neighborhood, features Eight (8) Apartments just steps from Central Park, offering an outstanding investment opportunity. Tenants Pay All Utilities and the Property is FREE-MARKET and not subject to ETPA regulations.
The property consists of Six 1-Bedroom units and Two 2-Bedroom/2-Bathroom Duplex units. Residents can enjoy a private greenery courtyard at the rear and rooftop access for entertaining. The property is a must-see!
The property consists of Six 1-Bedroom units and Two 2-Bedroom/2-Bathroom Duplex units. Residents can enjoy a private greenery courtyard at the rear and rooftop access for entertaining. The property is a must-see!
Financial Summary (Actual - 2023) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$257,400
|
$71.36
|
| Other Income |
-
|
-
|
| Vacancy Loss |
$7,691
|
$2.13
|
| Effective Gross Income |
$249,709
|
$69.23
|
| Taxes |
$14,889
|
$4.13
|
| Operating Expenses |
$29,990
|
$8.31
|
| Total Expenses |
$44,879
|
$12.44
|
| Net Operating Income |
$204,830
|
$56.79
|
Financial Summary (Actual - 2023)
| Gross Rental Income | |
|---|---|
| Annual | $257,400 |
| Annual Per SF | $71.36 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | $7,691 |
| Annual Per SF | $2.13 |
| Effective Gross Income | |
|---|---|
| Annual | $249,709 |
| Annual Per SF | $69.23 |
| Taxes | |
|---|---|
| Annual | $14,889 |
| Annual Per SF | $4.13 |
| Operating Expenses | |
|---|---|
| Annual | $29,990 |
| Annual Per SF | $8.31 |
| Total Expenses | |
|---|---|
| Annual | $44,879 |
| Annual Per SF | $12.44 |
| Net Operating Income | |
|---|---|
| Annual | $204,830 |
| Annual Per SF | $56.79 |
Property Facts
| Price | $3,800,000 | Apartment Style | Low Rise |
| Price Per Unit | $475,000 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.04 AC |
| Cap Rate | 5.39% | Building Size | 3,607 SF |
| Gross Rent Multiplier | 15.4 | Average Occupancy | 100% |
| No. Units | 8 | No. Stories | 3 |
| Property Type | Multifamily | Year Built/Renovated | 1910/2017 |
| Property Subtype | Apartment |
| Price | $3,800,000 |
| Price Per Unit | $475,000 |
| Sale Type | Investment |
| Cap Rate | 5.39% |
| Gross Rent Multiplier | 15.4 |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 0.04 AC |
| Building Size | 3,607 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built/Renovated | 1910/2017 |
Unit Amenities
- Dishwasher
- Washer/Dryer
Site Amenities
- Sundeck
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 6 | $2,675 | 400 - 500 |
| 2+2 | 2 | $2,750 | 600 - 700 |
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Walk Score ®
Walker's Paradise (97)
Transit Score ®
Rider's Paradise (100)
Bike Score ®
Very Bikeable (73)
PROPERTY TAXES
| Parcel Number | 1937-0052 | Total Assessment | $125,741 (2024) |
| Land Assessment | $103,950 (2024) | Annual Taxes | $14,889 ($4.13/SF) |
| Improvements Assessment | $62,155 (2024) | Tax Year | 2023 |
PROPERTY TAXES
Parcel Number
1937-0052
Land Assessment
$103,950 (2024)
Improvements Assessment
$62,155 (2024)
Total Assessment
$125,741 (2024)
Annual Taxes
$14,889 ($4.13/SF)
Tax Year
2023
zoning
| Zoning Code | R7-2 (Residential) |
| R7-2 (Residential) |
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FREE-MARKET * TENANT-PAID UTILITIES * RENO | 252 W 132nd St
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