HP Plaza Portfolio

300 W 149th St, New York, NY 10039

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Property Information

  • For Sale $21,000,000
  • Property Type Multi-Family
  • Property Size 9,132 SF
  • Units 120
  • Lot Size 0.06 Acre
  • Year Built 1910
  • Date Updated Aug 11, 2025

Description

HP Plaza Portfolio, New York, NY 10039

120 Unit Post Year 15 LIHTC Portfolio w/ Assumable Financing | FOR SALE

2796 Frederick Douglass Blvd

2799 Frederick Douglass Blvd

300 West 149th Street

302 West 149th Street

304-306 West 149th Street

305 West 149th Street

302 West 148th Street

304 West 148th Street

 

310 West 148th Street

120 units across 9 buildings located within a two-block radius

Long-term assumable debt of over $16M in place until 2050/2051 at low interest rates

Article XI regulatory agreement with 60% and 165% AMI income restrictions

420-c tax exemption alleviates tax burden until 2051

9.84% Cash on Cash Return in Year 1

Nearby to Jackie Robinson Park, cultural institutions and neighborhood eateries and shops

 

Contacts

Sam Schertz

Ariel Property Advisors

Victor Sozio

Ariel Property Advisors

Jake Brody

Ariel Property Advisors

Location

Located at 300 W 149th St, New York, NY 10039, this property is part of the Harlem neighborhood and Manhattan market.

  • 96/100 Walker's Paradise
  • 100/100 Rider's Paradise
  • 74/100 Very Bikeable
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