List Search

580 Saint Nicholas Ave
New York, NY 10030 Central Harlem

$14,500,000 USD

Apartments For Sale  •  60,078 SF

Property Details

  • Property Type Apartments
  • Total Building Size 60,078 SF
  • Lot Size 0.32 AC
  • Building Class B
  • Year Built 1914
  • Zoning R7-2, New York
100 Transit Score
96 Walk Score

Highlights

The Building: 94-Unit elevator building built in 1914 spanning 60,078 square feet on the western edge of the historic strivers row
Value-Add: With 36% of the building Free Market and $127,276 in annual preferential rents, investors can capitalize on rent growth north of 15% upon u
The Metrics: 6.9 GRM or 6.8% Cap rate. Upon increased rent growth, investors can expect recognize a significant increase on yield nearing a 7% cap rat
Zero Deferred Maintenance: This meticulously maintained building has gone through extensive upgrades during the tenure of ownership which mitigates in
Prime Location: With the convenience of being on Saint Nicholas Avenue, the 145th Street & Lenox Avenue retail strips are just steps away. Approximate

Amenities

  • Laundry Facilities
  • Heating
  • Kitchen
  • Granite Countertops
  • Oven
  • Stainless Steel Appliances
  • Range
  • Bicycle Storage
  • Elevator

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 - 2.1 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)) 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 6 min 0.3 mi
137 Street-City College (1 - New York MTA Subway (The Subway)) 2 min 11 min 0.6 mi
135 Street (2,3 Line) (2 - New York MTA Subway (The Subway), 3 - New York MTA Subway (The Subway)) 2 min 12 min 0.6 mi
145 Street (1 Line) (1 - New York MTA Subway (The Subway)) 2 min 12 min 0.7 mi
AirportDriveWalkDistance
Laguardia 17 min - 7.5 mi
John F Kennedy International 30 min - 18.7 mi
Newark Liberty International 28 min - 22.6 mi
Seth Glasser 212-430-6134 Marcus & Millichap
Seth Glasser 212-430-6134 Marcus & Millichap