29 West 125th Street

New York, NY

For Sale

$4,500,000

OVERVIEW

LOCATION:
29 West 125th Street, New York, NY 10027

Neighborhood: Harlem

Asset Type: Mixed Use

Square Feet: 8,834

Stories: 5

Residential Units: 3

Commercial Units: 1

CONTACT

 

Description

Besen & Associates, as exclusive agent for Ownership, is pleased to offer for sale 29 West 125th Street, a 5-story mixed-use building in the heart of Harlem. 

 

The 5-story walkup building contains three (3) large, renovated  floor-through 1-bedroom apartments (± 1,500 SF each) and retail on the ground floor. The 2nd Floor is designated as a showroom on the C of O and presently used for storage by the retail tenant. Every tenant has an individual boiler and water heater. Retail rent (blended) is presently at $17.52/SF which can easily be (doubled/tripled) upon re-tenanting the space. Residential rents average $24/SF, offering considerable upside as well.

 

Nearby Transportation

Situated on the north side of 125th Street between Lenox & 5th Avenues, the property is located one block from the 125th Street [2, 3] subway station.