229 W 136th St 8 Unit Apartment Building $2,974,288 CAD ($371,786 CAD/Unit) New York, NY 10030

Description
A strong investment opportunity in burgeoning Central Harlem!
229 West 136th Street presents an excellent opportunity to purchase a recently renovated and fully occupied 8-unit building on a quiet tree-lined block. All units are free-market, and the building has a strong rental history with increasing rents and minimal turnover.
Comprised of eight luxurious studio apartments, the building offers a strong rent roll with room for growth. All units offer well-designed floorplans with ductless mini splits for heating and cooling, kitchens with stainless steel appliances and quartz countertops, and tiled bathrooms. Tenants love the hardwood floors, exposed brick walls, and tall ceilings. Six of the units offer standard studio layouts, while Apt 1B features a massive private yard, and Apt 4F is a duplex with a private roof terrace.
The building is located just a mile & a half north of Central Park and in close proximity to the world-famous Apollo Theater. Nearby parks include St. Nicolas Park and Morningside Park. Getting around the city is a breeze with the B & C and the 2 & 3 trains just over a block away at 135th Street.
If you have been looking to expand your portfolio with a building that will continue to provide cash flow and growth, then look no further than 229 West 136th Street.
Reach out for more information.


Rent Roll Annual Expenses
Apt 1F $2,100 Annual RE Taxes $28,912 (A)
Apt 1B $2,350 Building Electric $1,200 (A)
Apt 2F $2,000 Internet $960 (A)
Apt 2B $2,150 Repairs & Maintenance $10,740 (E @5%)
Apt 3F $2,000 Insurance $4,768 (A)
Apt 3B $2,250 Management $7,700 (A)
Apt 4F $2,750 Water & Sewer $2,172 (A)
Apt 4B $2,300 Vacancy $10,740 (E @5%)
$17,900 per month $67,192 per year
$214,800 per year
NOI $147,608
A= Actual
E= Estimated