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Investment Highlights

  • Prime East Harlem location near Madison and Park Avenues
  • Surrounded by cultural landmarks and vibrant retail corridors
  • Ideal for businesses seeking visibility in a dynamic neighborhood
  • Excellent transit access via multiple subway lines and bus routes
  • Area experiencing strong residential and commercial growth
  • Close to Marcus Garvey Park and 125th Street shopping district

Executive Summary

Well built with some deferred maintenance. Rents are below market average for walk up's in this area. Central Ac in all units. Upside - Upside

All FREE MARKET

Property Facts

Price $7,166,328 CAD
Price Per Unit $1,791,582 CAD
Sale Type Investment
Cap Rate 4.51%
Sale Conditions
1031 Exchange
  • Bulk/Portfolio Sale
  • Redevelopment Project
No. Units 4
Property Type Multifamily
Property Subtype
Apartment
  • Multifamily Dormitory
Apartment Style Mid-Rise
Building Class C
Lot Size 0.06 AC
Building Size 7,320 SF
Average Occupancy 0%
No. Stories 4
Year Built 1900
Opportunity Zone Yes
Zoning R7-3, Manhattan (C3) - In New York City, R7-3 is a medium-density apartment house zoning district that functions similarly to R7-2 districts for most regulations, but with s

Amenities

Unit Amenities

  • Air Conditioning

Site Amenities

  • Laundry Facilities
  • Wi-Fi

Unit Mix Information

Description No. Units Avg. Rent/Mo SF
3+1.5 4 - 1,400 - 1,800
Exceptionally walkable
100/100
Fairly drivable
40/100
Exceptional public transit
100/100
Moderately bikeable
70/100

Property Taxes

Property Taxes

Parcel Number
1754-0046
Land Assessment
$545,113 CAD
Improvements Assessment
$0 CAD
Total Assessment
$494,484 CAD
  • Listing ID: 37977841

  • Date on Market: 2025-10-07

  • Last Updated:

  • Address: 56 E 130th St, New York, NY 10037

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