Multi-family
ScreenshotDescription
Investment Sale – 112–116 W 114th Street, New York, NY 10026
Asking Price: $6,200,000 (Part of a Portfolio)
Price per Unit: ≈ $116,981
Sale Type: Investment
Property Type: 2-Star Mid-Rise Apartments
Location: Harlem (10026)
Availability: Immediate
Property Overview
112–116 W 114th Street offers a 31-unit multifamily investment opportunity in Central Harlem. Built in 1900, this 5-story, 31,020 SF mid-rise property is part of a broader portfolio sale. The building delivers a steady stream of market-rate rental income and represents a rare chance to acquire scale in one of Manhattan’s fastest-growing neighborhoods.
With a balanced unit mix, consistent tenant demand, and proximity to Harlem’s retail corridors and transit hubs, this property offers both stable cash flow and long-term appreciation potential.
Key Features
- Total Units: 31
- Stories: 5
- Gross Building Area (GBA): 31,020 SF
- Typical Floor Size: 1,815 SF
- Year Built: 1900
- Class: C (2-Star Mid-Rise Apartments)
- Lot/Area Density: ≈171 units per acre
- # of Buildings: 1
- Rent Type: Market
Financial Profile
- Asking Price: $6,200,000
- Price per Unit: ≈$116,981
- Cap Rate: Buyer to underwrite
- Market Segment: All residential tenants
- Income Source: Market-rate rents
Market Profile
Location Advantage: Situated in Central Harlem, a neighborhood experiencing strong residential and retail growth. The property benefits from proximity to Central Park North, Columbia University expansion, and major subway lines (2/3, B/C).
Neighborhood Demand: Harlem continues to attract both institutional and private investors, with rising rental demand supported by population growth, cultural institutions, and new development.
Competitive Advantage: A rare chance to acquire 31 units under one roof at a competitive price per unit, with portfolio scalability.
Summary
The 31-unit, 31,020 SF multifamily property at 112–116 W 114th Street, New York, NY 10026 is offered at $6,200,000 (~$116,981/unit). With its Central Harlem location, stable market-rate tenancy, and long-term appreciation upside, this asset represents a compelling opportunity for investors seeking scale and growth in Manhattan.
