For Sale
$1,999,999

514 142Nd St New York, NY 10031

Prime Harlem location, 3-unit building, high ROI.

Overview

Added:
Dec 11, 2024
Days on market:
137
This stunning five-story, 4,930 square foot townhouse in Harlem presents a unique investment opportunity. Boasting a 6.30% cap rate and a pro-forma cap rate of 6.60%, this property offers a strong return on investment with a current NOI of $126,425. The building features three units: a spacious four-bedroom owner's triplex spanning nearly 3,000 square feet, complete with radiant heat on the lower level and garden access

Highlights

  • Five-story, 4,930 square foot Harlem townhouse, excellent investment opportunity.
  • 6.30% cap rate, pro-forma 6.60% cap rate, $126,425 current NOI.
  • Three-unit building includes a 3,000 square foot, four-bedroom owner's triplex with radiant heat and garden access.

Property Details for 514 142Nd St

Property type
Apartment buildings
Square Feet
4,930 SF
Year Built
1910
Stories
5
Units
3

Location Insight

City
New York
County
New York
State
New York
Latitude
40.8237125
Longitude
-73.9504231

FAQs

What type of property is this?
Apartment building - Prime Harlem location, 3-unit building, high ROI.
Where is the apartment building located?
The property is located at 514 142Nd St New York, NY.
What is the asking price?
The asking price for this property is $1,999,999.
What are key features of this property?
This property features: Five-story, 4,930 square foot Harlem townhouse, excellent investment opportunity.; 6.30% cap rate, pro-forma 6.60% cap rate, $126,425 current NOI.; Three-unit building includes a 3,000 square foot, four-bedroom owner's triplex with radiant heat and garden access.
How can I contact the broker?
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514 142Nd St
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