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56 W 126th St
New York, NY 10027
Multifamily Property For Sale
·
6 Units
Investment Highlights
- Prime location in Central Harlem near Lenox Avenue and the busy 125th Street corridor.
- Excellent transportation access with multiple subway lines within 0.1 miles for quick Midtown connectivity.
- Opportunity for rental income stability with potential for value-add renovations.
- Surrounded by rich cultural institutions, local retail, and diverse dining options.
- Strong neighborhood growth metrics supported by ongoing development and investment trends.
Executive Summary
Located in the heart of Central Harlem, 56 West 126th Street presents an exceptional opportunity for investors or developers seeking a well-positioned multifamily asset. Built in 1910 and spanning three stories with six total units, the property sits on a quiet yet accessible block just steps from Lenox Avenue and the vibrant 125th Street corridor. The building retains its classic Harlem character, complemented by proximity to cultural landmarks, retail corridors, and local dining destinations that continually attract both residents and visitors.
Harlem’s rapid growth and strong rental demand underpin the long-term value of this address. The property benefits from excellent transit connectivity, including multiple subway lines within a short walk offering access to Midtown Manhattan in minutes. Surrounding development momentum and public investment initiatives further enhance neighborhood appeal and economic resiliency. Whether held as a cash-flowing rental or repositioned for modern living spaces, this building offers solid fundamentals supported by established community infrastructure and urban vibrancy.
Harlem’s rapid growth and strong rental demand underpin the long-term value of this address. The property benefits from excellent transit connectivity, including multiple subway lines within a short walk offering access to Midtown Manhattan in minutes. Surrounding development momentum and public investment initiatives further enhance neighborhood appeal and economic resiliency. Whether held as a cash-flowing rental or repositioned for modern living spaces, this building offers solid fundamentals supported by established community infrastructure and urban vibrancy.
Property Facts
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 6 | - | - |
Property Taxes
| Parcel Number | 1723-0059 | Improvements Assessment | $74,681 CAD |
| Land Assessment | $27,607 CAD | Total Assessment | $102,288 CAD |
Property Taxes
Parcel Number
1723-0059
Land Assessment
$27,607 CAD
Improvements Assessment
$74,681 CAD
Total Assessment
$102,288 CAD
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