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42 E 132nd St 12 Unit Apartment Building $4,228,772 CAD ($352,398 CAD/Unit) 7.40% Cap Rate New York, NY 10037
Executive Summary
Built in 2019, 42 East 132nd Street is an eight-story elevator apartment building spanning 14,000 square feet and includes 12 apartments, one ground floor community facility, and a rooftop antenna. The building was constructed under a 25-Year 421a tax abatement (70/30) expiring in 2044, providing investors with generous tax savings during the abatement period. The property is walking distance to Harlem River Park, Marcus Garvey Park, and Harlem Hospital Center (NYC Health + Hospitals Medical Center). Nearby subways include the [2, 3] Trains at 135th Street.
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Property Facts
| Price | $4,228,772 CAD | Apartment Style | Mid-Rise |
| Price Per Unit | $352,398 CAD | Building Class | A |
| Sale Type | Investment | Lot Size | 0.06 AC |
| Cap Rate | 7.40% | Building Size | 14,000 SF |
| Gross Rent Multiplier | 8.1 | Average Occupancy | 92% |
| No. Units | 12 | No. Stories | 8 |
| Property Type | Multifamily | Year Built | 2020 |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Zoning | R7B - Medium-density apartment house district with lower parking requirements ; Commercial district predominantly residential in character | ||
| Price | $4,228,772 CAD |
| Price Per Unit | $352,398 CAD |
| Sale Type | Investment |
| Cap Rate | 7.40% |
| Gross Rent Multiplier | 8.1 |
| No. Units | 12 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | A |
| Lot Size | 0.06 AC |
| Building Size | 14,000 SF |
| Average Occupancy | 92% |
| No. Stories | 8 |
| Year Built | 2020 |
| Opportunity Zone |
Yes |
| Zoning | R7B - Medium-density apartment house district with lower parking requirements ; Commercial district predominantly residential in character |
Amenities
Unit Amenities
- Heating
- Kitchen
- Refrigerator
Site Amenities
- Bicycle Storage
- Elevator
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 12 | - | - |
1 1
Walk Score®
Very Walkable (89)
Transit Score®
Rider's Paradise (100)
Bike Score®
Very Bikeable (79)
Property Taxes
| Parcel Number | 1756-0048 | Improvements Assessment | $932,845 CAD |
| Land Assessment | $275,424 CAD | Total Assessment | $1,208,269 CAD |
Property Taxes
Parcel Number
1756-0048
Land Assessment
$275,424 CAD
Improvements Assessment
$932,845 CAD
Total Assessment
$1,208,269 CAD
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42 E 132nd St
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