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542 W 147th St 16 Unit Apartment Building $6,693,600 CAD ($418,350 CAD/Unit) New York, NY 10031
Investment Highlights
- 70% Free Market
- 1/4 Mile from 1, B, C, and D subway lines
- Washer & Dryer in unit
- Cash Flowing Asset
- Newly Renovated (with stainless steel appliances)
- Proximity to multiple parks
Executive Summary
Cushman & Wakefield has been retained on an exclusive basis to arrange for the sale of the 16-unit, multifamily building located at 542 West 147th Street. Occupying a premier location in the Hamilton Heights neighborhood of northern Manhattan, this multi-family building offers investors an opportunity to own and operate a cash flowing asset.
542 West 147th Street is a 70% free market residential building that totals ± 12,575 square feet. The building was recently renovated which highlight stainless steel appliances and in unit washer/dryers. This offering is comprised of three 2-bedroom apartments, six 3-bedroom apartments, and seven 3-bedroom apartments. This property is currently being rented at below market levels, allowing prospective buyers the ability to increase rents.
Current and future tenants benefit from the building’s close proximity to the Broadway and Amsterdam Avenue retail corridors which includes neighborhood gems such as The Chipped Cup, The Handpulled Noodle, and Harlem Public. There are many other attractions
in the surrounding area including The City College of New York, Riverbank State Park, the Hamilton Grange National Monument, and dance Theatre of Harlem. Public transportation is easily accessible via the 1, A, B, C, and D subway lines as well as numerous bus lines that service the area.
542 West 147th Street is a 70% free market residential building that totals ± 12,575 square feet. The building was recently renovated which highlight stainless steel appliances and in unit washer/dryers. This offering is comprised of three 2-bedroom apartments, six 3-bedroom apartments, and seven 3-bedroom apartments. This property is currently being rented at below market levels, allowing prospective buyers the ability to increase rents.
Current and future tenants benefit from the building’s close proximity to the Broadway and Amsterdam Avenue retail corridors which includes neighborhood gems such as The Chipped Cup, The Handpulled Noodle, and Harlem Public. There are many other attractions
in the surrounding area including The City College of New York, Riverbank State Park, the Hamilton Grange National Monument, and dance Theatre of Harlem. Public transportation is easily accessible via the 1, A, B, C, and D subway lines as well as numerous bus lines that service the area.
Property Facts
| Price | $6,693,600 CAD | Building Class | C |
| Price Per Unit | $418,350 CAD | Lot Size | 0.09 AC |
| Sale Type | Investment | Building Size | 12,575 SF |
| No. Units | 16 | Average Occupancy | 96% |
| Property Type | Multifamily | No. Stories | 5 |
| Property Subtype | Apartment | Year Built | 1930 |
| Apartment Style | Mid-Rise | ||
| Zoning | R7A - Medium-density apartment house district with lower parking requirements | ||
| Price | $6,693,600 CAD |
| Price Per Unit | $418,350 CAD |
| Sale Type | Investment |
| No. Units | 16 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | C |
| Lot Size | 0.09 AC |
| Building Size | 12,575 SF |
| Average Occupancy | 96% |
| No. Stories | 5 |
| Year Built | 1930 |
| Zoning | R7A - Medium-density apartment house district with lower parking requirements |
Amenities
Unit Amenities
- Dishwasher
- Washer/Dryer
- Kitchen
- Hardwood Floors
- Stainless Steel Appliances
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Exceptionally walkable
100/100
Fairly drivable
40/100
Exceptional public transit
100/100
Very bikeable
80/100
Property Taxes
| Parcel Number | 2078-0057 | Improvements Assessment | $1,049,473 CAD |
| Land Assessment | $16,316 CAD | Total Assessment | $1,065,788 CAD |
Property Taxes
Parcel Number
2078-0057
Land Assessment
$16,316 CAD
Improvements Assessment
$1,049,473 CAD
Total Assessment
$1,065,788 CAD
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542 W 147th St
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