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231 W 137th St 5 Unit Apartment Building $2,442,860 CAD ($488,572 CAD/Unit) 7.82% Cap Rate New York, NY 10030
EXECUTIVE SUMMARY
Investment Property Realty Group (IPRG) has been exclusively retained to arrange for the sale of 231 West 137th Street, a 4,320 SF, Free Market, 5-Unit walk-up apartment building.
The subject property is comprised of one (1) 3-Bedroom duplex apartment, one (1) 2-Bedroom apartment, three (3) studio apartments, and a parking space in the rear. The duplex and one studio apartment are currently vacant. The remaining 3 apartments are on M-M leases.
It is ideally on the north side of 137th Street between Adam Clayton Powell Jr. & Frederick Douglass Boulevards, abutting the coveted Strivers Row. It is in proximity to CUNY Advanced Science Research Center, The Bernard & Anne Spitzer School of Architecture, and Columbia University Studebaker building. It is a short walk from the B, C Subway Station at 135th Street/St. Nicholas Avenue and the 2, 3 Subway Station on 135th Street/Lenox Avenue.
The subject property is comprised of one (1) 3-Bedroom duplex apartment, one (1) 2-Bedroom apartment, three (3) studio apartments, and a parking space in the rear. The duplex and one studio apartment are currently vacant. The remaining 3 apartments are on M-M leases.
It is ideally on the north side of 137th Street between Adam Clayton Powell Jr. & Frederick Douglass Boulevards, abutting the coveted Strivers Row. It is in proximity to CUNY Advanced Science Research Center, The Bernard & Anne Spitzer School of Architecture, and Columbia University Studebaker building. It is a short walk from the B, C Subway Station at 135th Street/St. Nicholas Avenue and the 2, 3 Subway Station on 135th Street/Lenox Avenue.
PROPERTY FACTS
| Price | $2,442,860 CAD | Property Subtype | Apartment |
| Price Per Unit | $488,572 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.04 AC |
| Cap Rate | 7.82% | Building Size | 4,320 SF |
| No. Units | 5 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 1910 |
| Zoning | R7-2 | ||
| Price | $2,442,860 CAD |
| Price Per Unit | $488,572 CAD |
| Sale Type | Investment |
| Cap Rate | 7.82% |
| No. Units | 5 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | C |
| Lot Size | 0.04 AC |
| Building Size | 4,320 SF |
| No. Stories | 3 |
| Year Built | 1910 |
| Zoning | R7-2 |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 3+1 | 1 | - | 1,840 |
| 2+1 | 1 | - | 700 |
| Studios | 3 | - | 400 - 450 |
1 1
Walk Score®
Walker's Paradise (96)
Transit Score®
Rider's Paradise (100)
PROPERTY TAXES
| Parcel Number | 2023-0017 | Improvements Assessment | $90,233 CAD |
| Land Assessment | $24,758 CAD | Total Assessment | $114,991 CAD |
PROPERTY TAXES
Parcel Number
2023-0017
Land Assessment
$24,758 CAD
Improvements Assessment
$90,233 CAD
Total Assessment
$114,991 CAD
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231 W 137th St
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