220 West 122nd Street — Sale in New York, NY

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Multifamily Property
  • Location: New York, NY 10027

Investment Figures

Cap rate
7.50%

Derived from the asking price and operating figures published for this listing. Informational only — not an appraisal, valuation or financial advice. Verify independently before relying on any figure.

Description

Marcus & Millichap is pleased to offer 220 West 122nd St, located in the lively neighborhood of West Harlem. Spanning 3,792 square feet, this 8-unit property is ideally situated between Frederick Douglass Boulevard and Adam Clayton Powell Jr. Boulevard. 220 West 122nd Street has been meticulously maintained and professionally managed by the same ownership for 7 years. This investment allows future investors to capitalize on the high rents the building currently provides along with the low expenses as a tax-class protected asset. The asset comprises 7 free market units providing a value-add opportunity for the investor. The building is conveniently located near 125th Street Subway Station, Marcus Garvey Park, and Morningside Park. Investment Highlights: • 220 West 122nd Street, built in 1910, is an 8-unit multi-family property comprised of 2 studio apartments and 6 one-bedroom apartments, approx. 3,700 SF. • Tax Class: 2B (Protected) | Zoning: R7A | 88% Fair Market • 220 West 122nd Street is well located in close proximity to the 125th Street Subway Station, Marcus Garvey Park, and Morningside Park.

Market Context

This multifamily in New York, NY is listed for sale. It is offered at an approximate 7.5% capitalization rate, a key benchmark for income-producing multifamily assets. It has been on the market for 101 days. Compare it against other multifamily listings for sale in New York, NY — view the full market.

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