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311 W 139th St
New York, NY 10030 Central Harlem

$2,100,000 USD

Apartments For Sale  •  3,400 SF

Property Details

  • Property Type Apartments
  • Total Building Size 3,400 SF
  • Lot Size 0.04 AC
  • Building Class C
  • Year Built 1899
  • Cap Rate 8.02 %
  • Zoning R72
100 Transit Score
96 Walk Score

Highlights

100% occupied providing stable cash-flow
9-out-of-11 studio units (82%) are averaging $1,967/month (FHEPS Program)
Recent renovations of ~$500,000 include new roof, new boiler, new floors & appliances
Well-maintained property requiring minimal near-term capital and low maintenance costs. Minimal violations.
Tax Class 2B preserves a low and stable expense ratio, as well as capping increases in assessed values
Quiet tree-lined street located 1-block from St. Nicholas Park

Property Flyers

Cap Rate: 8.02 %

Public Transportation

Commuter RailDriveWalkDistance
Harlem-125Th Street Station (Harlem Line - Metro-North Commuter Railroad Company (Metro-North), Hudson Line - Metro-North Commuter Railroad Company (Metro-North), New Haven Line - Metro-North Commuter Railroad Company (Metro-North)) 5 min - 1.7 mi
Yankees-E 153Rd Street Station (Hudson Line - Metro-North Commuter Railroad Company (Metro-North)) 6 min - 2.3 mi
Transit/SubwayDriveWalkDistance
135 Street (A,B,C Line) (A - New York MTA Subway (The Subway), B - New York MTA Subway (The Subway), C - New York MTA Subway (The Subway)) 1 min 4 min 0.2 mi
145 Street (A,B,C,D Line) (A - New York MTA Subway (The Subway), B - New York MTA Subway (The Subway), C - New York MTA Subway (The Subway), D - New York MTA Subway (The Subway)) 1 min 7 min 0.4 mi
135 Street (2,3 Line) (2 - New York MTA Subway (The Subway), 3 - New York MTA Subway (The Subway)) 2 min 11 min 0.6 mi
137 Street-City College (1 - New York MTA Subway (The Subway)) 2 min 12 min 0.7 mi
145 Street (3 Line) (3 - New York MTA Subway (The Subway)) 2 min 13 min 0.7 mi
AirportDriveWalkDistance
Laguardia 17 min - 7.6 mi
John F Kennedy International 30 min - 18.8 mi
Newark Liberty International 28 min - 22.7 mi
Harris Sonnenklar 212-951-8418 Besen Partners
Harris Sonnenklar 212-951-8418 Besen Partners