Contacts
Ariel Property Advisors
Ariel Property Advisors
Ariel Property Advisors
Ariel Property Advisors
Ariel Property Advisors
Ariel Property Advisors
Property Details
- Property Type Multi-Family
- Property Size 25,050 SF
- Units 30
- Lot Size 0.38 Acre
- Additional Rent Contact for pricing
- Building Class C
- Year Built 1915
- Date Updated Nov 20, 2024
BID DEADLINE: THURSDAY, DECEMBER 5TH, 2024.
Concentrated Scale
-143k SF across 4 properties
Federally Subsidized Affordable Housing
-129 Project-Based Section 8 voucher units
Mark-up-to-Market HAP Agreements in-place
Strong Retail Presence
-11 commercial units located on major Manhattan retail thoroughfare, Amsterdam Avenue
-Over 200’ of retail frontage
-Leases contain automatic increases of 3%-4% at expiration
Value Add Potential
-Built in rent increases through scheduled Mark up to Market
-Potential for “As-Renovated” Mark up to Market
Optionality
-5 year HAP agreements
-Expiring Article V Shelter Rent Tax agreement
Location
-Perfectly situated in between two major subway stations just steps away
-The project will benefit from over 500k sf of new development within the property’s immediate vicinity
Cash Flowing Portfolio
-Strong historical cash flow
Reach out to the broker for more info on lease terms and amenities
Attachments
Getting around
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Walk Score ®
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Transit Score ®
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Bike Score ®
Location
- City New York, NY
- Neighborhood Harlem
- Zip Code 10031
- Market Manhattan
Points of Interest
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Broadway & 145th Street at Southeast Corner
0.08 miles
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Broadway & 145th Street at Northeast Corner
0.08 miles
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Broadway & 145th Street at Northwest Corner
0.10 miles
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Broadway & 137th Street at Northeast Corner
0.38 miles
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Broadway & 137th Street at Northwest Corner
0.38 miles
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137th Street–City College
0.39 miles
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Broadway & 137th Street at Southwest Corner
0.40 miles
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Saint Nicholas Ave & 155th St At Sw Corner
0.54 miles
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Saint Nicholas Ave & 155th St at NW Corner
0.55 miles
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Saint Nicholas Ave & 155th Street at NW Corner
0.56 miles
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Shell
0.52 miles
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Global
0.54 miles
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Mobil
0.55 miles
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BP
1.12 miles
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FLO
3.05 miles
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ChargePoint
3.10 miles
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plugNYC
3.46 miles
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Tesla Supercharger
3.50 miles
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Hamilton Grange
0.29 miles
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Harlem River North Lot
0.88 miles
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Harlem River Lot
0.90 miles
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Harlem River South Lot
0.90 miles
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Commuter Parking
0.99 miles
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SP+
1.04 miles
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Rupert Plaza Garage
1.06 miles
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153rd Street Lot
1.08 miles
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153rd Street Garage
1.08 miles
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153rd Street South Lot
1.10 miles
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Hotel
0.04 miles
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Lotus Accomodation
0.15 miles
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Saint Nicholas Inn
0.51 miles
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St Nicholas Hotel
0.53 miles
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La Maison d'Art Private Gallery
0.79 miles
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Best Western Plus
1.01 miles
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Holiday Inn Express
1.12 miles
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Aloft Hotel
1.15 miles
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Apollo Hotel
1.32 miles
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Efuru Guest House
1.44 miles
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Key Food
0.09 miles
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Foodtown
0.32 miles
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Food Universe Marketplace
0.33 miles
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Super Foodtown
0.41 miles
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Golden Deli
0.43 miles
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C-Town
0.53 miles
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Associated
0.59 miles
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Fine Fare Supermarket
0.62 miles
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The Food Emporium
0.63 miles
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Foodtown of Frederick Douglas Blvd
0.75 miles
Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.