$7,800,000
Updated 7 years ago
Off Market

417 West 126th Street

Harlem, Manhattan | Morningside Ave & Amsterdam Ave

7 Beds4 Baths12,420 Square FeetCommercial

$7,800,000
floors3
Lot Size28'2"x169'6"
Built Size28'x170'
ZoneM1-5
Building TypeLow-Rise
RE Taxes$106,681
Price Per SF
$628

Building Amenities

  • Garage

Property Description for 417 West 126th Street

B6 Real Estate Advisors has been retained on an exclusive basis to arrange for the sale of 417 West 126th Street in West Harlem, New York. • Subject property is a 12,420 SF office building with frontage and entrances on both West 126th Street and West 127th Street. • Lot is situated in M1-5/R7-2, MX-15 zoning, with a 5.0 FAR, allowing for an additional 7,955 of air rights for mixed-use development. • Building falls in the West 125th Street Retail Corridor Opportunity Zone. • Asset is currently in year 14 of 25 under the ICIP tax exemption. • Transportation options include the A, C, B, D train on Saint Nicholas Avenue/West 125th Street and the 1 train on Broadway/West 125th Street. Bus routes include the M104 on Morningside Avenue/West 125th Street.

Listing History for 417 West 126th Street

Now
06/24/2019
POM by David Chase
B6 Real Estate Advisors
2019

Building Details for 417 West 126th Street

OwnershipCommercial
Building TypeLow-Rise
AgePre-War
AccessWalk-up
Year Built1926
Floors3
Learn More About the Building

Transit and Citi Bike

Subway

125 St
0.14 miles
125 St
0.3 miles
135 St
0.5 miles

Citi Bike

W 129 St & Convent Ave
0.13 miles
Amsterdam Ave & W 125 St
0.13 miles

Contact Agents

Contact Agents

David Chase
B6 Real Estate Advisors
Brendan Cohen
B6 Real Estate Advisors
R. Connor Winn
B6 Real Estate Advisors

Harlem | Manhattan

Quick Profile

The neighborhood called West Harlem by the locals is known as Manhattanville to neighborhood newcomers. The area is culturally diverse and might be considered a microcosm of the city as a whole. 

Columbia University has recently expanded into the area, which is attracting student residents from all over the world. Together with students from the City College of New York and young professionals fleeing higher prices in other neighborhoods, this influx of younger residents has brought with it more restaurants and bars on W 125th Street to serve this clientele. There are also new ventures, like a rock-climbing gym, to cater to the interests of these students and young professionals. At the same time, there are many small, family-owned shops and restaurants that have been anchors of the neighborhood for multiple generations.

The area has been through a housing upgrade, as older properties have been renovated and abandoned properties have been razed to make room for new development. There are still reasonably priced apartments available. Young professionals are finding that there is a certain cachet to living in West Harlem. It provides a convenient commute to the city and all of its amenities, while providing a sense of escape at the end of a long work day.

While rentals are popular with the student population, the young professionals are delighted to find pre-war brownstones, pre-war co-ops (including some income-capped HDFCs for lower- and middle-income buyers), and post-war condos that they can afford, although prices are rising. Some new low-rise developments, sporting virtual doormen and desired amenities, are cropping up.

All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer.
OLR ID: 73674TH