- For Sale $950,000
- Property Type Multi-Family
- Property Size 6,125 SF
- Units 10
- Lot Size 0.05 Acre
- Cap Rate % 9.31
- Taxes / YR $37,555.00
- Zoning M1-6/R10
- # of Floors 4
- Year Built 1920
- Date Updated Aug 31, 2026
Description
Investment Highlights
• 10 unit multi-family walk-up apartments with 3 bedrooms each
• Existing signage revenue boosting gross annual income potential
• Flexible M1-6/R10 zoning with 14,135 SF of unused air rights (20,260 Buildable SF MIH)
• Steps away from major national retailers (Trader Joe’s, Target, Sephora) alongside iconic neighborhood culture and local dining hotspots
• Located just two blocks from the 125th Street station (4, 5, 6 trains) for rapid Midtown and Downtown connectivity.
• Two blocks from the Harlem-125th Street Metro-North station, offering direct service to Westchester, Connecticut, and Grand Central Terminal.
• Construction is underway on the MTA’s extension of the Q Line to 125th Street & Lexington Avenue, creating a major multi-modal transit hub right in the immediate area
• Positioned near major transformative investments, including the expanding Apollo Theater, the National Black Theatre project, and the redevelopment of the Victoria Theater / Renaissance Hotel corridor
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Contacts
Ariel Property Advisors
Ariel Property Advisors
Ariel Property Advisors