320 Manhattan Ave Multifamily Building

This is a 6 story pre-war elevator apartment building located on the south east corner of West 114th Street and Manhattan Avenue. The property features a combined 195’ with sweeping views of Morningside Park and Lafayette Square. The building contains 54 Units (55 inclusive of the super’s unit) consisting 45 one bedrooms, 4 two bedrooms and 6 three bedrooms. Many of the older one bedroom lines are large enough to be converted to two bedrooms. 33 of the 54 units are subject to a low income tax credit program which is in year 18 of a 30 year term and the remaining 21 are subject to regular NYC rent stabilization of which 3 have been renvoated in recent years. The property is in the 15th year of a J51 tax abatement program which began in 2000 and ends in 2020/2021.