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422 Saint Nicholas Ave
New York, NY 10027 Central Harlem

$5,000,000 USD

Apartments For Sale  •  13,326 SF

Property Details

  • Property Type Apartments
  • Total Building Size 13,326 SF
  • Lot Size 0.06 AC
  • Building Class C
  • Year Built 1932
  • Cap Rate 7.17 %
  • Zoning R8
100 Transit Score
95 Walk Score

Highlights

80% Free Market Building | 10 large apartments (8 Free Market, 2 Rent Controlled) - attractive unit mix with value-add potential
Well-Maintained Building | Roof, boiler and common areas have been replaced and renovated over the past few years
Close Proximity to Retail Hotspots | Within a 6 min walk to the 125th St retail hub with notable tenants such as DSW Shoes, Apollo Theater, & More
Convenient Location | Directly across the street from St Nicholas Park, 3 min walk to the 135th subway station, 6 min walk to 125th St Subway
Building Infrastructure | Gas fired boiler for heating and individual meters for electric
Building Amenities | Common rear yard, basement laundry, and underutilized basement space for potential tenant storage or additional amenities

Property Flyers

Financial Summary (Actual)

Net Operating Income: $358,349 USD (2024)
Cap Rate: 7.17 %
Total Expenses: $79,512 USD

Amenities

  • Air Conditioning
  • Courtyard
  • Laundry Facilities
  • Heating
  • Kitchen
  • Refrigerator
  • Oven
  • Tub/Shower

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)) 3 min - 1.3 mi
Yankees-E 153Rd Street Station (Hudson Line - Metro-North Commuter Railroad Company (Metro-North)) 5 min - 2.1 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)) 0 min 3 min 0.2 mi
125 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)) 0 min 5 min 0.3 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
125 Street (1 Line) (1 - New York MTA Subway (The Subway)) 2 min 12 min 0.6 mi
125 Street (2,3 Line) (2 - New York MTA Subway (The Subway), 3 - New York MTA Subway (The Subway)) 2 min 13 min 0.7 mi
AirportDriveWalkDistance
Laguardia 15 min - 7.0 mi
John F Kennedy International 28 min - 18.3 mi
Newark Liberty International 29 min - 23.1 mi

Parking Details

Parking Available: Yes
Reserved: No
Type: Surface
Included in Rent: Yes
Stephen Preuss 718-663-2639 Ripco Real Estate
Stephen Preuss 718-663-2639 Ripco Real Estate